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Council debates thresholds, inventory and disposal in proposed City Asset Management Policy
Summary
City Manager Jeff Balentine presented Resolution 2026-07 on April 1, 2026, outlining proposed capitalization thresholds, inventory controls for 'small and attractive' assets, maintenance planning and an implementation roadmap; councilmembers suggested lowering certain thresholds and adding budget-amendment triggers but took no vote.
City Manager Jeff Balentine presented a draft City Asset Management Policy (Resolution 2026-07) at the April 1, 2026 meeting, detailing proposed capitalization thresholds, inventory and accountability measures for small and attractive assets, maintenance and lifecycle planning, asset disposal procedures, and an implementation roadmap assigning roles and responsibilities.
Balentine framed the…
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