Lakeside city hoping to catch funding wave

Posted by Jamie Lee on Friday, October 12th, 2012

Maryanne Firth / The Tribune

Port Colborne is vying for provincial funding to protect its assets.

After receiving approval from city council Tuesday night, the municipality will submit an expression of interest to the Municipal Infrastructure Investment Initiative Funding for Asset Management in hopes of receiving grant money.

If funding is received, Port Colborne will be able to hire a consultant to create a sustainable asset management plan. Municipalities with populations under 20,000 are eligible for the grant.

A base amount of $20,000 is available along with an incremental amount based on the value of the city’s roads, bridges and water/wastewater infrastructure in the 2011 financial information return.

Staff have been working on the inventory and valuation of the city’s assets over the past two years, including items such as roads, bridges, buildings, vehicles, machinery and equipment.

The plan will determine priorities of when and what assets require replacement, replacement costs and a financing plan for replacement over time.

Having a management plan will be a big determining factor going forward for municipalities hoping to receive future funding from the province, said Peter Senese, Port Colborne’s director of community and corporate services.

Staff, he said, are hoping to have the plan ready in time for 2014 budget deliberations.

 

 
 
 
 

News Archive

 
Easter Egg Hunt
Saturday, April 19, 2014
Jamie LeeThu Apr 17th, 2014
Province wheels out bike-friendly funding pla…
The Tribune
Jamie LeeWed Apr 16th, 2014
Port Colborne City Council Takes on a David L…
Heidi Grzesina / News in Port Colborne
Jamie LeeTue Apr 15th, 2014
Port Colborne Celebrates Its Volunteers in a …
Heidi Grzesina / New in Port Colborne
Jamie LeeFri Apr 11th, 2014
Tax Reminder Notice
2nd Installment Due Thursday, May 1, 2014
Peter SeneseFri Apr 11th, 2014
Milestone year for Port Colborne Volunteer Fi…
Niagara This Week
Jamie LeeFri Apr 11th, 2014
Shaping Niagara's future
Niagara This Week
Jamie LeeFri Apr 4th, 2014
2014 Shipping Season Opens With Early Morning…
Heidi Grzesina / New in Port Colborne
Jamie LeeFri Apr 4th, 2014
Chamber to celebrate the best in Port, Wainfl…
The Tribune
Jamie LeeThu Mar 27th, 2014
Flavours on hiatus for 2014
Maryanne Firth / The Tribune
Jamie LeeThu Mar 27th, 2014
1 2 3 4 5 6 7 8 Next »