Dr. Found announced that he was pleased to introduce this plan after many years of work, and stated that the full plan will be released to the public as part of a report to Council at the July 11, 2017 Regular Council Meeting. He gave an overview of Asset Management, and the role of the Corporate Assets division including their role in grant eligibility, and the creation of the Asset Management Plan. The overview of the 2017 Asset Management Plan included general parameters, asset portfolio replacement costs including infrastructure deficit, lifecycle and non-lifecycle capital replacement, growth-related capital replacement, and an emphasized need to achieve sustainability. A copy of the presentation is available in the Clerk's Office. Dr. Found and CAO Taylor responded to questions put forward by members of Council.
Councillor Breadner left the meeting at 2:21 p.m.
Gabe Metron, from Public Sector Digest Inc., gave an overview of his organization, and their involvement in the creation of the Asset Management Plan. He also identified the balance a municipality must make between Asset Management and Service Management. His overview of the 2017 Asset Management Plan identified the City's planning needs for the $3.2 billion worth of assets held by the City of Kawartha Lakes. A State of the Infrastructure Report highlighted current asset values, condition assessment, and forecast needs each for the City's road network, natural resources, facilities, water and wastewater systems, bridges and culverts, storm sewers, vehicles, land improvements, and machinery and equipment. A copy of the presentations is available in the Clerk's Office. Mr. Metron responded to questions put forward by members of Council.