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HomeMy WebLinkAboutAgenda Report - April 2, 2003 E-03(9) CITY OF LODI AGENDA TITLE: Report of the Sale of Scrap Metal MEETING DATE: April 2, 2003 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 2, 2003, 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 2003. In the first sale of the year, the Purchasing Divison on February 19 issued a Request for Bids for the following amounts of scrap metal: Insulated Aluminum 3,715 lbs, Bare and Insulated Copper 2,307 lbs. Insulated Al/Concentric Copper 14,606 lbs, Scrap Iron 1 lot Proposal forms were sent to three scrap metal dealers, two of whom responded prior to the March 5 deadline for submittal of bids: Sunshine Steel Ent., Sacramento $6,063.89 B & G Maohinery/Simsmetal, Stockton $4,92103 Delta Scrap Metals, Stockton No response The sale to the high bidder, Sunshine Steel Enterprises, was completed on March 19, 2003. Prepared by Joel Harris, Purchasing Officer None required, Revenue generated: $6,063.89 Account Credited: 1601 .5391 L vicky McAthTi Finance�Director