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Inventory shows most Lake Forest assets in good condition; $16 million identified as high‑risk; CIP update lists 70 projects totaling $36M
Summary
An inventory of more than 73,000 city assets presented April 15 found the majority in good or excellent condition but identified about $16 million in assets with high risk ratings; staff said the assessment will guide the 2025–2032 CIP and reserve planning.
City staff presented an asset management plan update to the council on April 15 that inventories more than 73,000 city assets across five categories (roadways, urban forestry, buildings, parks and drainage) and assigns condition ratings and risk prioritization.
Finance analyst Fauna Shrago said the assessment rated most assets as in good or excellent condition, but that roughly $16 million worth of assets were flagged as high risk based on a combined probability‑of‑failure and…
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