BC’S FIRST ASSET MANAGEMENT BYLAW: “A strong corporate culture creates the foundation for asset management that achieves the goals of Sustainable Service Delivery,” states CAO David Allen, City of Courtenay
“The City of Courtenay previously adopted an asset management policy in 2015. The bylaw takes the policy one step further, and formally stipulates that decisions on the renewal, upgrade, and acquisition of the City’s assets must consider the full cost throughout the expected lifespan of the asset. As infrastructure ages, maintenance costs typically increase. And failure to maintain assets can dramatically shorten their lifespans, potentially resulting in the need for costly upgrades,” stated David Allen.