TAMRMS#: B06
7.1
REQUEST FOR DECISION
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C-P&E-07 Asset Management Policy Update
Presented by: Jordan Betteridge, Manager Asset Management, Land, Integrated Infrastructure Services, Engineering Services.
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RECOMMENDED MOTION(S)
recommendation
That the Standing Committee of the Whole recommend to Council that Policy C-P&E-07 Asset Management attached to the July 7, 2026, agenda report entitled "C-P&E-07 Asset Management Policy Update" be approved.
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SUMMARY
Given the City's broad and extensive portfolio of assets and the significant financial responsibility to manage them, the City is undertaking efforts towards maturing the Asset Management Program. The Asset Management Program allows for a data-driven approach to make decisions on long-term infrastructure investments, balancing costs, performance, and risk.
As part of Administration's efforts to mature the Asset Management Program, an updated C-P&E-07 Asset Management Policy is presented for Council's consideration.
ALIGNMENT TO COUNCIL DIRECTION OR MANDATORY STATUTORY PROVISION
On July 16, 2024, Council passed the following motion:
CM-24-015
That Asset Management Policy C-P&E-07 be amended by adding the following clause to the "Standards" section of the Policy: "Stakeholder engagement may be considered in determining social value, which would include special events, to influence the prioritization of future RMR program levels of service."
On September 22, 2014, Council passed the following motion:
C463-2014
That City Council Policy C-P&E-07, Asset Management, provided as Attachment 1 to the September 22, 2014, agenda report "Asset Management Policy" be approved.
BACKGROUND AND DISCUSSION
The City owns and manages a significant portfolio of infrastructure assets including roads, bridges, utilities, facilities, fleet, equipment, natural assets, and other municipal infrastructure. These assets support the services that residents rely on every day and represent a signif...
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