Asset Management Plan Sample Clauses

Asset Management Plan. The transit asset management plan prepared in accordance with 49 U.S.C. §5326 and certified by the department. The plan includes, at a minimum, capital asset inventories and condition assessments, decision support tools, and investment prioritization.

Asset Management Plan. The Contractor shall refer to the Federal Transit Administration’s (FTA) Final Rules, 49 CFR Parts 625 and 630. The Contractor shall provide a narrative of how it plans to collect and record asset data and must provide a sample data collection format in a spreadsheet (such as Microsoft Excel) to the Project Manager within three (3) months of the Notice to Proceed. This information shall be reviewed and approved by the Project Manager; such review by the Project Manager is for content only and not for accuracy, and the format by which the Contractor shall provide all asset data for the Project. The Project Manager will provide the Contractor the starting asset number; the Contractor shall utilize the same number format and apply number tags to assets in sequential order. The Contractor shall ensure all number tags are of durable plastic material and shall have the number as well as bar code to the tag number. A sample tag is shown below: NJ TRANSIT ASSET No. xxxxxxxxx [Bar Code] The Contractor shall provide asset data as described; all maintainable assets shall be grouped in the following Asset Class with parent/child relationship: i. Facilities ii. Infrastructure Systems iii. Revenue Rolling Stock

Asset Management Plan. The Florida Administrative Code (F.A.C.) requires recipients of Construction Grants for Small Community Wastewater Facilities to develop and implement an Asset Management Plan. Grants under chapter 62-505.300(1)(d), F.A.C.: Are available at the construction phase of a Project only if the Local Government adopts and implements, prior to the final disbursement of the associated State Revolving Fund construction loan, an Asset Management Plan that meets all requirements of subsection 62-503.700(7), F.A.C. The Asset Management Plan shall include, at a minimum, the following elements: i) an inventory of all the assets within the Local Government’s system; ii) an evaluation of the current age, condition, and anticipated useful life of each asset; iii) the current value of the assets; iv) the cost to operate and maintain all assets; v) a capital improvement plan based on a survey of industry standards, life expectancy, life cycle analysis, and remaining useful life; vi) an analysis of funding needs; vii) an analysis of population growth and wastewater or stormwater flow projections, as applicable, for the sponsor’s planning area, and a model, if applicable, for impact fees; commercial, industrial and residential rate structures; industrial pretreatment fees and parameters; viii) the establishment of an adequate funding rate structure; ix) a threshold rate set to ensure the proper operation of the utility (if the sponsor transfers any of the utility proceeds to other funds, the rates must be set higher than the threshold rate to facilitate the transfer and proper operation of the utility); and x) a plan to preserve the assets, as well as the renewal, replacement, and repair of the assets as necessary (such plan should incorporate a risk-benefit analysis to determine the optimum renewal or replacement time). In order to retain the rate reduction included in this Loan, the implementation of the plan must be verified at least three months prior to the date of the first loan repayment scheduled in Article X.

Asset Management Plan. The first paragraph of section 5.10 (Asset Management Plan) of Schedule 2 is deleted in its entirety and is replaced with the following: The Operator shall develop an Asset Management Plan as required by the New Jersey Water Quality Accountability Act to support the long-term sustainability of the Water Supply System and the Sewer Collection System by helping the City make informed decisions on when it is most appropriate to repair, replace, or rehabilitate particular assets and by developing a long-term funding strategy.

Asset Management Plan. Subsection 62-552.700(7), Florida Administrative Code encourages Project Sponsors to implement an Asset Management Plan to promote long term sustainability of the Water System. To be eligible for a 0.10% Financing Rate reduction, an Asset Management Plan must be adopted by ordinance or resolution and written procedures must be in place to implement the plan. The plan must include each of the following elements: i) identification of all assets within the Project Sponsor’s system; ii) an evaluation of the current age, condition, and anticipated useful life of each asset; iii) the current value of the assets; iv) the cost to operate and maintain all assets; v) a capital improvement plan based on a survey of industry standards, life expectancy, life cycle analysis, and remaining useful life; vi) an analysis of funding needs; vii) an analysis of population growth and drinking water use projections, as applicable, for the sponsor’s planning area, and a model, if applicable, for impact fees; commercial, industrial and residential rate structures; viii) the establishment of an adequate funding rate structure; ix) a threshold rate set to ensure the proper operation of the utility (if the sponsor transfers any of the utility proceeds to other funds, the rates must be set higher than the threshold rate to facilitate the transfer and proper operation of the utility); and x) a plan to preserve the assets, renewal, replacement, and repair of the assets as necessary and a risk-benefit analysis to determine the optimum renewal or replacement time. Failure to adopt and implement such plan prior to three months before the date of the first loan repayment will increase the Financing Rate by 0.10%. The maximum Principal Forgiveness percentage for the Asset Management Plan is limited to 50% of invoiced costs.

Asset Management Plan. Municipalities applying for connecting link funding must have a recently completed and publicly posted asset management plan indicating the asset condition, capital and maintenance needs, investment priorities and financial strategy for all core infrastructure which includes road, bridge, water and wastewater assets. If the applicant has previously provided a municipal asset management and there are no updates, there is no need to resubmit the same asset management plan. If the applicant has updated the plan or if it’s the first time applying to the Connecting Links Program, the applicant is required to provide access to the plan.

Asset Management Plan. On or before six months after the approval of this Amendment, Contractor shall hire an independent consultant to prepare an Asset Management Plan (Plan) for all Transit Shelters. The Plan must include location, date of installation, amenities on the Shelter, and a “condition score,” to be approved by the SFMTA.

Asset Management Plan. The Authority must, as soon as practicable after this Agreement comes into effect, prepare a draft asset management plan.

Asset Management Plan. The Concessionaire must: (a) prepare (in consultation with the SCSA) an annual Asset Management Plan which adopts the format of the draft asset management plan contained in the Bid Proposal and which complies with the requirements set out in the Services Standards in respect of such plan; (b) provide a copy of: (i) the initial Asset Management Plan to the SCSA at least 3 months prior to and as a pre-requisite to Final Completion (and that initial Asset Management Plan must cover the period from Practical Completion of the Principal Works and Practical Completion of the Slab Construction Works (as applicable) to the next following 30 June); and (ii) each subsequent Asset Management Plan to the SCSA in accordance with the Services Standards; and (c) comply with the applicable Asset Management Plan and update the applicable Asset Management Plan in accordance with the requirements of the Services Standards.