AMP Update: January 2026

Council Report

On Tuesday, Dec. 16, City staff presented an Asset Management Plan Update to City Council. The report covered three significant updates:

  • Natural Asset Management Plan, the City’s first, which recognizes natural systems as essential municipal infrastructure
  • 2025 Asset Management - Additional Information Report, which fulfills Phase 4 of Ontario Reg. 588/17 Asset Management Planning for Municipal Infrastructure by defining proposed Levels of Service (LOS), establishing performance measures , and preparing corresponding 10-year financial strategies for all municipal asset categories.’
  • An updated Asset Management Policy (2025), which outlines how the City will manage its assets in a manner that supports sustainable service delivery, financial responsibility and community well-being

Council voted unanimously to adopt the reports as presented by City staff. For more information:

  • Watch the Council Presentation here.

New Asset Management Plan webpage

We are excited to share that we have launched a new webpage to highlight the City’s Asset Management work. Here, you can learn more about the City’s Asset Management Plan, provincial regulations, key components, related policies and next steps.

Visit the Asset Management Plan webpage here.

Timeline for Asset Management Plans: 2019 Strategic Asset Management Policy 2022 Core Asset Management Plan 2024 Non-core Asset Management Plan 2025 10 year Asset Management Plan 2026+ Continuous Improvement