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