An Asset Management Plan enables informed decisions regarding the building, operating, maintaining, renewing, replacing and disposing of infrastructure assets. It is structured to including the following important elements:
In 2016 Council approved the Township’s Asset Management Plan which consolidated the Township’s existing Asset Management Plans for Roads, Bridges, Culverts, Vehicles, Equipment and Facilities.
On December 13, 2017 the province approved a new municipal asset management planning regulation (O.Reg. 588/2017) under the Infrastructure for Jobs and Prosperity Act, 2015 with a six year phase-in period for implementation. In accordance with the timelines set out in the new regulation, the Township finalized a Strategic Asset Management Policy in June 2019. The Township will continue to update its asset management plan to include all municipal infrastructure assets over the next six years.