Title
PRESENTATION REGARDING ASSET MANAGEMENT 101
Kelly Oakley, Manager of Planning and Asset Management provided an overview concerning Asset Management.
Ms. Oakley discussed slides concerning the following topics:
• The key messages of Asset Management;
• The focus of Asset Management associated to services, risks and costs;
• What an Asset Management Plan contains;
• How an Asset Management Plan is created;
• Flow charts illustrating the importance of an Asset Management Plan;
• The incentives and recent regulations passed by the Province for municipalities to have an Asset Management Plan;
• A timeline illustrating the Province’s regulations from July 1, 2019 to July 1, 2024;
• An outline of the City’s projects associated with an Asset Management Plan;
• Information, goals and membership for the Asset Management Steering Committee (AMSC);
• A chart illustrating a draft work plan;
• Moving forward with the Asset Management Plan.
Members of the Committee asked a number of questions to the presenter and City staff and received responses.