Asset Replacement Plan

The Central Coast Regional District (CCRD) owns and maintains a large portfolio of infrastructure assets upon which it greatly relies for the delivery of services to the community. These include the CCRD’s water, building, airport, park/recreation, furniture/fixture and fleet assets. The CCRD’s assets have served the community well; however, many of these assets are now nearing the end of their useful lifespans and will eventually need to be replaced or rehabilitated.

The Asset Management Investment Plan (AMIP) provides a review of all of the Regional District’s infrastructure assets in order to answer the following questions:

  • What assets does the CCRD own?
  • What is the cost to replace the asset?
  • How much money needs to be invested annually (on average) to sustain the CCRD’s assets?

By understanding the answer to these questions the CCRD is able to budget and plan for the replacement of their infrastructure. Failure to plan would put the community at risk of service disruptions, emergency repairs and the need for sudden and significant tax and user fee increases. By being proactive today the CCRD can ensure that services are sustainable so that current and future generations can enjoy the same levels of service as well as reasonable tax rates and user fees.

Asset Management Investment Plan 2017