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HomeMy WebLinkAboutAgenda Report - September 18, 2002 E-03�yOF� C�~ P CITY OF LODI COUNCIL COMMUNICATION AGENDA TITLE: Report of the Sale of Scrap Metal MEETING DATE: September 18, 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 third sale of the year, the Purchasing Divison on July 24 sent out Requests for Bids for the following amounts of scrap metal: Insulated Aluminum 1,876 lbs. Bare and Insulated Copper 2,125 lbs. Insulated AI/Concentric Copper 9,753 lbs. Scrap Iron 1 lot Bid forms were sent to three scrap metal dealers, one of whom responded prior to the August 7 bid submittal deadline: Sunshine Steel Ent., Sacramento $3,734.03 B & G Mach inery/Simsmetal, Stockton No response Schnitzer Steel, Rancho Cordova No response The sale to the sole bidder, Sunshine Steel Enterprises, was completed on August 27, 2002. FUNDING: Prepared by Joel Harris, Purchasing Officer None required. Revenue generated: $3,734.03 Account Credited: 1601.5391 Vicky McAthie, Anance Director APPROVED: H. Dixon Flynn — eityManager