4311 To adopt a Strategic Asset Management Policy for the Town of TillsonburgTHE CORPORATION OF THE TOWN OF TILLSONBURG
BY-LAW NO. 4311
A BY-LAW to adopt a Strategic Asset Management Policy for the Town of Tillsonburg.
WHEREAS Section 270( 1) of the Municipal Act. 2001 states that a municipality shall adopt
and maintain policies with respect to the manner in which the municipality will try to
ensure that it is accountable to the public for its actions, and the manner in which the
municipality will try to ensure that its actions are transparent to the public;
AND WHEREAS Section 6 of the Infrastructure for Jobs and Prosperity Act, 2015 as
amended, requires municipalities to prepare infrastructure asset management plans that are
required by the regulations;
AND WHEREAS Ontario Regulation 588/17 Section 3 requires that every municipality shall
prepare a strategic asset management policy;
AND WHEREAS the Council of the Corporation of the Town of Tillsonburg is desirous of
adopting the Strategic Asset Management Policy.
THEREFORE the Council of the Town of Tillsonburg enacts as follows:
1. THAT the Strategic Asset Management Policy attached hereto as "Schedule A" is
hereby adopted and forms part of this by-law.
2. AND THAT this by-law comes into full force and effect on the day of passing.
Read a First and Second Time this 27th day of May, 2019.
Read a Third and FJnal Time and passed this 27th day of May, 2019.
-Stephen Molnar
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Town Clerk -Donna Wilson