The final Council-staff working session for the Asset Management Plan will take place on Thursday, August 28.
This final working session is an important step in helping Prince Edward County take care of its roads, buildings, parks, and other assets it owns. The goal is to improve how the municipality decides what level of service to provide, how to handle risks, and how to plan for future spending. It’s also a chance to make sure these plans match what the municipality wants to achieve and what the community expects.
Water and wastewater assets are not included in this part of the plan. Those assets and levels of service will be informed by the Water and Wastewater Rates Community Committee and set in the 2027 – 2031 Rate Study.
The working session will begin at 9 am inside the Council Chambers at Shire Hall (332 Picton Main Street). Council will receive a presentation about the levels of service options for each asset class and their potential financial impact on the municipality and ratepayers.
After the presentation, Council will move directly into Committee of the Whole to pass motions indicating which level of service options they want included in the final asset management plan.
Following the direction from Council, staff will finalize the asset management plan with financial impacts and bring it forward for approval at the September 25 Committee of the Whole meeting. The plan will determine how to fund and sustain those service levels over the long term with a financial strategy that takes into consideration taxation, user fees, reserves, debt, and grants.
The public is invited to follow along throughout the day by attending in person or streaming the proceedings live on YouTube.
If you wish to provide comments under Section 4 of the Committee of the Whole agenda, you are encouraged to contact clerks@pecounty.on.ca by noon on Thursday, August 28 to register.
If you have questions or require further information, please contact Arryn McNichol, Director of Finance and Information Technology, at amcnichol@pecounty.on.ca.
A link to the presentation can be found here.
(HAILEY MACDONALD)
