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06-21-2022 - No. 7The City of Niagara Falls, Ontario Resolution rem Moved by: Councillor Vince Kerrio Seconded by: Councillor Mike Strange WHEREAS Ontario Regulation 588/17 Asset Management Planning for Municipal Infrastructure, made under the Infrastructure for Jobs and Prosperity Act, 2015 sets forth requirements for Ontario municipalities as it pertains to Asset Management planning and reporting for municipal infrastructure; and; WHEREAS Ontario Regulation 88/17 Section 3.(1) specifies that every municipality shall prepare an asset management plan in respect of its core municipal infrastructure assets by July 1, 2022, and in respect of all of its other municipal infrastructure assets by July 1, 2024; and WHEREAS Ontario Regulation 588/17 Section 8. Specifies that every asset management plan prepared under Ontario Regulation 588/17 under Section 5: Asset Management Plans, Current Levels of Service or Section 6: Asset Management Plans, Proposed Levels of Service, or updated under Section 7: Update of Asset Management Plans, must be.- a) e: a) Endorsed by the executive lead of the municipality; and b) Approved by a resolution passed by the municipal council THEREFORE BE IT RESOLVED THAT the City's Asset Management Plan for Core Assets be ENDORSED by the CAO and approved by City Council as required under Ontario Regulation 588/17 for submission to the Ministry of Municipal Affairs and Housing by July 01, 2022 AND The Seal of the Corporation be hereto affixed. Carried Unanimously C\ - ............ ..L..i!......... WILLIAM G. MATSON, CITY CLERK JAMES M. DIODATI, MAYOR