The Director of Financial Services/Treasurer provided an introduction to the Asset Management Plan presentation, and the Manager of Asset Management reviewed the work completed to date, the Council touchpoints, and key deadlines for the project going forward.
Martin Gordon of WSP Canada Inc. provided a presentation outlining the key concepts being alternative interventions to save money and improve forecasting, trade-offs between service, cost and risk, and the levels of service key performance indicators. He further reviewed the past work completed by previous consultants and staff, and provided additional information, modelling and long term investment date for the two proposed scenario results. The presentation concluded with recommendations and next steps.
Members of Council queried the presenters and staff regarding the rate of return on investments and the investment strategy, criteria used to measure assets, and multi-year budgeting impacts.