Colwood has earned several grants that are advancing the City's ambitious long-term asset management planning efforts. Colwood manages more than $350M in capital assets, and these plans are required to ensure those assets continue to serve the community well into the future, in the most cost effective way.
“Colwood has been successful in earning grants totaling more than $100k to support the critical work of asset management planning," said Mayor Rob Martin. "This funding allows Colwood to ensure that the infrastructure needs of our community today do not compromise future generations — and to do it without impacting tax rates."
Pavement Condition Assessment: Grants totaling $64,000
The Federation of Canadian Municipalities (FCM) has awarded Colwood a $49,440 Municipal Asset Management Program grant to complete a Pavement Condition Assessment. This will provide an analysis and inventory of existing road assets that will allow the City to prioritize and budget for road repair and replacement over time. An additional grant of $14,560 was provided through the Union of BC Municipalities 2018 Asset Management Planning Program. Together, these grants will cover the cost of the project.
Stormwater Management Plan: Grants totaling $40,000
Colwood's Stormwater Master Plan has earned $40,000 in funding from the Canada General Strategic Priorities Fund. The Stormwater Management Plan will provide a framework for reducing flood risks, protecting the health of streams and waterways, and planning for the repair and replacement of existing drainage systems. Central to the plan is reliance on natural assets such as trees, slopes, and waterways, to manage stormwater without the addition of costly pipes wherever possible.
75% of assets accounted for
Together, the City’s drainage and road infrastructure account for over 53% of its total asset inventory. This is why the Pavement Condition Assessment and Stormwater Management Plan are such essential pieces of the City’s overall asset management program. Added to other plans and studies, the City has prepared detailed plans for over 75% of its assets. In 2019, the City will undertake a Parks Master Plan and establish parks service levels to further complement its asset management plan.
Keep your eye out for the City's Sustainable Infrastructure Plan this January. This plan will detail all City assets, and recommend sustainable infrastructure funding for future generations in Colwood.
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Communications Manager, City of Colwood