Asset Management uses information about an asset to identify where our greatest needs for replacement are and identify opportunities to maximize the City's return on its investments - it is one of the most important responsibilities a municipality has.
Our infrastructure provides needed services to the residents and businesses within our community. To ensure reliable, efficient and effective services, it is important that we invest in the maintenance and/or replacement of the assets that are aging within our city.
The City of Owen Sound is responsible for a variety of capital assets, which include:
- Linear Infrastructure: including roads; bridges; culverts; sidewalks; water network; wastewater network and storm water network;
- Buildings and structures: including recreational centres; fire hall; police services; library; public works; city hall; museums and galleries; transit terminal
- Land Improvements and recreation: including trails; parking lots; sports fields; playgrounds; parks; pools; green space;
- Vehicles, Equipment and Machinery: including emergency vehicles; snow plows; sidewalk plows; lawn care equipment; ice resurfacer; vactors
As part of the Infrastructure for Jobs and Prosperity Act, 2015, the Ontario government introduced Ontario Regulation 588/17: Asset Management Planning for Municipal Infrastructure (O. Reg. 588/17). This regulation aims to regulate asset management planning for municipal infrastructure and encourage all municipalities to begin or continue their journey towards implementing strong asset management practices.
In order to meet the requirements set out under O. Reg. 588/17, the City has developed an asset management plan for its core assets, including the road network, bridge network, stormwater network, water network, and wastewater network.
With time, additional asset categories will be added to this plan to provide a comprehensive view of the City's current asset infrastructure status.
To view the City's current asset management plan, visit our Purchasing, Risk and Asset Management and Geographic Information System (GIS) page.
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