RDN preparing to draft asset management plan

Data being compiled into snapshots for 40 regional district services

The Regional District of Nanaimo is currently working on an Asset Management Resource Plan.

An update report was presented at the RDN Committee of the Whole meeting last week.

This year, the RDN plans to complete the key components of the plan, which include departmental asset registries, asset age profiles, replacement costs, initial lifecycle cost analysis and preliminary asset management plans.

All the data collected will be compiled into asset snapshots for 40 RDN services that include water, sewer, streetlights, wastewater, recreation, solid waste, IT, transit, wharves, fire, community parks, regional parks, vehicles and administration building.

The plan will benefit taxpayers, the RDN says, as it will provide greater predictability in year-to-year taxes, fairness between present and future ratepayers, stronger ability to sustain service levels over the long-term, and reduced reliance on borrowing when major investments are required.

In drafting the preliminary plan, excerpts from the asset snapshot for the Nanoose Bay Peninsula Water Service Area were used as an example to illustrate how the key components are applied.

Each asset recorded identifies historic costs, age, remaining useful life and current replacement costs. It’s a critical step in understanding the lifecycle infrastructure costs and helps plan for sustainable services in the future, RDN directors said.

Asset life will help determine when the cost to replace an asset will happen and provide the time needed to raise funds for the replacement.

Electoral Area E director Bob Rogers supports the asset management plans. He said it’s a “mammoth task” to look after all the RDN’s assets.

Parksville Mayor and director Marc Lefebvre noticed that the plan also looks at recreation services.

“I look forward to seeing this, especially what kind of a priority those buildings would be given in relationship to water and other utilities,” said Lefebvre “It’s quite an interesting scenario we’re looking at.”

Chris Midgley, the RDN’s manager of water services and asset management, indicated that the work is proceeding on schedule and the date for completion of the preliminary asset management resource plan is 2017. RDN staff are meeting and having discussions with staff from member municipalities, neighbouring regional districts and other municipalities to share information and tools.

Just Posted

Canadians on epic journey arrive in Nanoose

Snaw-Naw-As First Nation welcomes participants of Canada C3 voyage

Kwalikum Secondary student back from year in Netherlands

Don’t pass up opportunity to travel with Qualicum Beach Rotary’s help, says Taylor Hunter

Resident slam loud dynamite blasting at Cedar Ridge Estate development

Sleigh feels insulted by Mayor Lefebrve who failed to understand their suffering

RDN creates new service to fund INfilm

Regional district to enter three year agreement with film commision for annual funding of $50,000

Bowser school asks RDN to double funding for outdoor learning area

From $30,000 to $60,000 for Tulnuxw Lelum Cultural Learning Space

VIDEO: Sears liquidation sales continue across B.C.

Sales are expected to continue into the New Year

Human remains found at Silver Creek property

RCMP have been searching the property in the 2200 block of Salmon River Road for the past three days

New B.C. acute care centre opens for young patients, expectant mothers

Facility aims to make B.C. Children’s Hospital visits more comfortable

Kellers Jewellers in Lantzville suffers break-in

Incident happened around 5:30 a.m. Oct. 21, say police.

Search ramps up for B.C. woman after dog, car found near Ashcroft

Jenny Lynn Larocque’s vehicle and dog were found in Venables Valley, but there is no sign of her

Police officer hit by car, stabbed in Edmonton attack back on job

Const. Mike Chernyk, 48, returned to work Thursday

UBC medical students learn to care for Indigenous people

Students in health-related studies to take course, workshop to help better serve Aboriginal people

Dorsett has 2 goals, assist in Canucks’ 4-2 win over Sabres

‘It was a real good hockey game by our group,’ Canucks coach Travis Green said.

Berry disappointed: Bear tries to eat fake fruit on woman’s door wreath

A Winnipeg woman has taken her berry-embellished wreath down, after a hungry bear visited her porch

Most Read