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portfol
uding
roads
parks
Schedule 'A'to Bylaw£
2019
Strategic Asset Management
Policy
Township
of Terrace
Bay
Policy Statement
C-3-38
Strategic
Asset Management
Policy
1.
BACKGROUND
The Corporation of the Township of Terrace Bay is committed to providing service to residents in
a fiscally responsible
manner that supports
a healthy and vibrant community.
With this
commitment in mind, assets must be managed
in a way that allows the Township to achieve its
goals, plans and policies.
2.
PURPOSE
The purpose of this policy is to establish consistent standards
and guidelines for management
of
the Township's assets
applying sound technical, social and economic principles that consider
both the present and future needs of users, and the service levels expected from the assets.
This
means balancing the lowest total lifecycle cost of ownership against the service levels that best
meet the needs of the community while being cognizant of the level of acceptable
risk.
3.
SCOPE
This policy applies
to all departments
involved in planning,
maintaining
or operating
the
Township's
capital infrastructure assets.
The Township is responsible
for providing a range of
services to the community, including but not limited to:
cemetery,
o
municipal administration,
o
drinking water,
a
recreation facilities and opportunities
fire and emergency
services,
tourism facilities and;
landfill,
transportation
infrastructure, and;
library,
o
wastewater collection &treatment
To effectively deliver these
services,
the Township
owns
and
manages
a diverse
capital
infrastructure asset
io incl
but not limitedto
Page 1 of 5
water
treatment
plant
recreational
trails
tennis courts
culverts
pumphouse
sidewalks
beach and
docks
wastewater
treatment
library
arena
administrative
office
water mains
sewage
lagoons
cultural
centre
curling club
fire hall
public works
garage
community
centre
gorge
walkway
mobile
equipment
sanitary
sewers
cemetery
skate park
lighthouse
rategic
nagement
cy
Schedule 'A'to Bylawa'
/52019
St
Asset Ma
Poli
7.
GUIDING PRINCIPLES
Section 3 of The Infrastructure forJobs and Prosperity Act, 2015 sets out principles to guide asset
management
planning in municipalities in Ontario.
The Township
of Terrace
Bay willstrive to
incorporate the following principles whenever possible into the management
of its assets:
Infrastructure planning and investment should take a long-term view, and decision-makers
should take into account the needs of Ontarians
by being mindful of, among other things,
demographic and economic trends in Ontario.
Infrastructure planning and investment should take into account any applicable budgets or
fiscal plans, such as budgets adopted under Part VIIof the Municipal Act, 2001.
Infrastructure
priorities should be clearly identified in order to better
inform investment
decisions respecting infrastructure.
Infrastructure planning and investment should ensure the continued provision of core public
services, such as health care and education.
Infrastructure
planning
and
investment
should
promote
economic
competitiveness,
productivity, job creation and training opportunities.
Infrastructure planning and investment should ensure that the health and safety of workers
involved in the construction and maintenance of infrastructure assets is protected.
Infrastructure planning and investment should foster innovation by creating opportunities to
make use of innovative technologies,
services and practices,
particularly where doing so
would utilize technology, techniques
and practices developed in Ontario.
Infrastructure
planning and investment
should be evidence
based
and transparent,
and,
subject to any restrictions or prohibitions under an Act or othenrvise by law on the collection,
use or disclosure of information,
Where provincial or municipal plans or strategies
have been established
in Ontario, under an
Act or othenlvise, but do not bind or apply to the Township, the Township should nevertheless
be
mindful of those
plans
and
strategies
and
make
investment
decisions
respecting
infrastructure that support them, to the extent that they are relevant.
Infrastructure
planning
and
investment
should
promote
accessibility
for persons
with
disabilities.
Infrastructure planning and investment should minimize the impact of infrastructure on the
environment
and
respect
and
help
maintain
ecological
and
biological diversity,
and
infrastructure should be designed to be resilient to the effects of climate change.
Infrastructure planning and investment should endeavour to make use of acceptable
recycled
aggregates.
Infrastructure
planning and
investment
should
promote
community
benefits,
being the
supplementary
social and economic benefits arising from an infrastructure project that are
intended to improve the well--beingof a community affected by the project, such as local job
Page 4 of 5
Schedule 'A'to Bylaw@
2019
Strategic Asset Management
Polic
y
creation and training opportunities, improvement of public space within the community, and
any specific benefits identified by the community.
Any other principles that may be prescribed for municipalities
In addition, the Township must adhere to the requirements
outlined in the Minimum Maintenance
Standards
(MMS) currently in-force, as well as with any other legislation specific to the Township.
8.
CLIMATE CHANGE
Climate change
will be considered
as
part of the Township's
risk management
approach
embedded
in local asset management
planning methods.
This approach willbalance the potential cost of vulnerabilities to climate change impact along wit
h
other risks, with the cost of reducing these vulnerabilities. The balance willbe struck in the levels
of service
delivered
through
operations,
maintenance
schedules,
disaster
response
plans,
contingency funding and capital investments.
9.
CAPITALIZATION THRESHOLDS
This policy applies to all assets in the asset management
planning process whose role in service
delivery requires
deliberate
management
by the Township.
Infrastructure assets
will be
capitalized as per the Tangible Capital Asset Policy (C-3-23) at the actual value.
10. STAKEHOLDER ENGAGEMENT
The Township
of Terrace
Bay recognizes
the importance
of stakeholder
engagement
as an
integral
component
of asset
management.
The Township
recognizes
its residents
and
businesses
as well as
its neighbouring
communities
as stakeholders
in service
delivery.
Accordingly, the Township willcommit to engaging with these parties and all stakeholders
using
the best available information and engage with them by:
Providing opportunities
for residents and other stakeholders
served by the Township to
provide input in asset management
planning; and
Coordinating asset management planning with other infrastructure asset owning agencies
such as neighbouring municipalities and regulated utilities.
Page 5 of 5
Vulnerabilities to climate
.
change impacts
other nsks
Reducing vulnerabilities to
Doing nothing
climate change impacts