Laserfiche WebLink
Page 3 of 5 <br />Because identified asset needs exceed available annual capital funding, the City must <br />establish an ongoing strategy to prioritize investments. <br /> <br />Determining Appropriate Treatment to Meet Asset Needs <br />The AMP provides information on asset inventory, condition, and risk; however, not all assets <br />require capital improvement or replacement. After the preliminary asset list is established, staff <br />will determine the appropriate treatment for each asset. <br /> <br />For evaluation of near- and mid-term needs, capital needs will be further assessed using the <br />following treatment options: <br />• Operate Until Failure: Continue using the asset when the associated risk is <br />acceptable and replacement is not currently justified. <br />• Repair and Rehabilitation: Perform targeted repairs or rehabilitation to address <br />deficiencies, reduce risk, and extend the useful life of the asset. <br />• Capital Improvement and Replacement: Undertake major rehabilitation, renewal, or <br />replacement when the asset’s condition, risk, service criticality, or lifecycle economics <br />justify a larger capital investment. <br />This risk-based approach enables the City to reserve major capital investments for assets that <br />provide the greatest long-term value and risk reduction. <br /> <br />Prioritizing Project List using CIPPP Strategy <br />Following development of the preliminary project list and determination of the appropriate <br />treatment, projects requiring capital investment will be evaluated using the Council-approved <br />Capital Improvement Program Prioritization (CIPPP) Strategy, which was presented to the City <br />Council on December 17, 2024. <br /> <br />The CIPPP Strategy evaluates projects across six priority areas: <br /> <br /> <br /> <br />This strategy provides a consistent citywide framework for ranking projects within each asset <br />Page 37 of 46