Project Summary-Revised: Parks Vehicle Replacement Plan

Project Summary-Revised

Financial Plan 2023 – 2027
Priority: Required

Project Name: Parks Vehicle Replacement Plan
2-2-11304-540 CC as noted (2023)
2-2-11304-540 CC1167 (future)

Submitted by: Ivan Leung, Director of Engineering

Executive Summary

Five-year plan to replace Parks Department fleet vehicles. This plan ensures safe, consistent levels of service, a smooth impact to the taxpayer and mitigates risk of un-planned purchases which can result in higher costs. Vehicles to be replaced in the next 5 years:

• 1996 Kubota (carry-forward from 2022) (CC 1067)
• 2006 Ford F350 – Single rear wheel drive ( CC 1253)
• 2007 Chevrolet 1-ton pickup (CC 1271)
• 2010 Nissan Frontier
• 2003 Ford F350 Dually Dump
• 2013 Honda Fit

Business problem and opportunity

Some Parks vehicles require replacement over the next five years, and this is a plan to undertake that replacement. The fleet vehicle replacement plan was presented to Council at the November 8, 2022 Committee of the Whole meeting. Since then, the plan has been updated to reflect the prior year carry-forwards. At time of purchase alternative fueled vehicles will be explored to see if they offer a viable alternative that is available to the market at that time.

Proposed project objectives

The requested budget ensures that vehicles are purchased in a timely way, fulfilling the service level requirements of the town. The intent is to purchase used low km vehicles to take advantage of the impact of depreciation on price but not performance.

Business risks

If the funding is not approved, current levels of service to the community cannot be guaranteed. Inherently, purchasing capital assets in an un-planned, emergency situation results in increased costs.

Proposed funding

Machinery and Equipment Reserve

Costs and benefits

Recommendation

THAT the Committee recommend the 2023-2027 Financial Plan include the Parks Vehicle Replacement Plan funded by Machinery and Equipment Reserve.