Partially Met
Develop an Asset Management Strategy & Funding Plan
City of Maple Ridge Corporate Plan

Description

This key result involves assessing the City's assets and developing a strategy for managing the these assets to ensure risk is properly addressed and service levels are maintained, while operational and capital costs are minimized.

KR End Date

12/31/27

Complete?

Yes

Completed Date

N/A

KR Public Update

The Asset Management Strategy and Funding Plan is intended to support long term planning and investment allocation for the city for its core infrastructure (e.g., roads, water, sewer, facilities, etc.).  This work is being completed for the purposes of the Council Strategic Plan as it has been substantially advanced and will move into an operational focus in 2027 and beyond.  Condition and criticality assessment of transportation and utility assets has been completed. 

An RFP will be developed and advertised in 2027 to procure software to serve as a database and analysis tool to support asset management at the City. The software will be used to help determine which assets need replacement based upon condition and criticality, and the optimal timing for those replacements. A full asset management strategy for water, sewer, drainage, roads, and bridges assets will be completed following software procurement. Other asset classes may also be added.

Development of a funding strategy for asset maintenance and replacement will begin following development of the full asset management strategy.

Initiatives

Complete
Complete condition and criticality assessment of transportation and utility assets
City of Maple Ridge Corporate Plan | Completed 3/6/26
Not Started
Complete Asset Management Strategy
City of Maple Ridge Corporate Plan | 6/1/27 - 12/31/27
Not Started
Procure software to support implementation of the Asset Management Strategy
City of Maple Ridge Corporate Plan | 1/11/27 - 11/29/27