Asset Management Planning

All Ontario Municipalities must have an Asset Management Policy in place by July 1, 2019 and an Asset Management Plan for core municipal infrastructure assets by July 1, 2021 and for all assets by July 1, 2023.  Cobourg has had a basic Asset Management Plan for some time (using GIS) but it does not yet have a “policy” – this would spell out which assets are included, when to use it, how it aligns with financial planning, who is responsible for it and how residents can provide input to it.  At Council’s next Committee of the Whole meeting, Melanie Chatten, G.I.S. Coordinator of the Town of Cobourg, will provide an update on progress in improving the plan.  Previously, Cobourg’s Asset Management… Read complete articleAsset Management Planning