City Nearly Doubles Revenue from 2010, $4.6 Million More Expected in 2012
CHICAGO - Mayor Rahm Emanuel announced today that the Department of Procurement Services (DPS) collected $3.6 million in 2011 from selling City surplus materials through its online auction system,
early twice the amount collected in 2010. The online auctions allow the City to sell unneeded surplus possessions including fax machine toner, scrap metal, old vehicles parts, and street sweepers.
"It is our responsibility to the taxpayers of Chicago to leave no stone unturned or old fax machine unsold when it comes to bringing in new revenue to the City," said Mayor Emanuel. "For each dollar we bring in through our online auction system, it's one less dollar we have to find from someplace else which allows us to preserve critical City services that Chicagoans depend on. I commend the Department of Procurement Services for its aggressive pursuit of items that can be sold online. It is an example of the type efficient, ingenuity that we will continue to strive for every day."
Through increased coordination and outreach between City departments, DPS doubled the amount it collected in 2010 from $1.8 million to $3.6 million. In addition, DPS has projected that it will increase that amount in 2012 for a total of $4.6 million in revenue. Already in the first month of 2012, DPS auctions have generated over $90,000 in new revenue.
Recently successful auctions include 450 tons of scrap metal, several pieces of heavy equipment and a set of decommissioned Micro-Turbine power generators. Most auction items are sold at the City's salvage yard, though some equipment is auctioned onsite at the City facilities where they were used. DPS also works internally with City departments and Sister Agencies to identify any items that still may have potential use to the City. DPS has sold surplus items to buyers all over the United States as well as South America, Mexico, and Canada. Anyone interested in purchasing surplus items should visit the City's website at www.cityofchicago.org/procurement or call DPS at 312.744.4900.