Purpose

To ensure current and future capital assets are well maintained and that a financial
plan is in place to ensure their replacement.

A capital asset replacement plan will ensure that no replacement needs and problems occur which will interfere with the City’s provision of its services to the community.

Work Steps

  • Prepare and maintain an inventory of all City capital assets.
  • Prepare a replacement plan for City capital assets including criteria to determine when replacement is required and how replacements are to be selected and procured.

Lead City Departments

Engineering, Fire and Finance