HomeMy WebLinkAboutAgenda Report - July 3, 2002 E-03,40Ft
9QCITY OF LODICOMMUNICATION
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AGENDA TITLE: Report of the Sale of Scrap Metal
MEETING DATE: July 3, 2002
PREPARED BY: Finance Director
RECOMMENDED ACTION: Information only. This report is made to the City Council in
accordance with Lodi Municipal Code Section 2.12.120.
BACKGROUND INFORMATION; On January 16, 2002, the City Council authorized the sale of
scrap wire and metal which is expected to accumulate during the
course of normal utility operations in calendar year 2002.
In the second sale of the year, the Purchasing Divison on May 8 sent out Requests for Bids for the
following amounts of scrap metal:
Insulated Aluminum 3,885 lbs.
Bare and Insulated Copper 2,063 lbs.
Insulated AI/Concentric Copper 8,002 lbs.
Scrap Iron 1 lot
Bid forms were sent to three scrap metal dealers, two of whom responded prior to the May 22 bid
submittal deadline:
B & G Machinery/Simsmetal, Stockton $3,869.35
Sunshine Steel Ent., Sacramento $3,244.86
Schnitzer Steel, Rancho Cordova No response
The sale to the high bidder, B & G Machinery/Simsmetal, was completed on June 4, 2002.
FUNDING:
Prepared by Joel Harris, Purchasing Officer
None required. Revenue generated: $3,869.35
Account Credited: 1601.5391
Vicky McAthi , Finance Director
APPROVED:
H. bixoA Flynn -- City Manager