Corporate Asset Management Plan
Type of initiative
Municipal Asset Management Program - MAMP
Sector
Asset Management (MAMP)
Project value$258,750
Project Type
MAMP Projects
Sub Sector
Data Collection and Reporting
Grant amount$50,000
Program type
MAMP
Municipality
Town of Milton, ON
Status
Fully Disbursed
Population
132,979
Project timeline
2020 - 2021
Project number
16803
Description
The corporation of the Town of Milton will update its Asset Management Plan (AMP) to include all core municipal infrastructure assets (roads, bridges, culverts, traffic, and stormwater management) and align with the legislative requirements of Ontario Regulation 588/17 as well as the Town's Strategic Asset Management Policy. The AMP will document all current asset inventory including replacement cost and condition, current levels of service being provided, a lifecycle management strategy, the amount and timing of future investments required to support the lifecycle management strategy, associated risks and risk management strategies and will identify and prioritize asset management improvement actions.
Applicant
Town of Milton, ON