PROFESSIONAL_SERVICESRECOMMENDED

Town of Hearst Finance Committee Agenda April 28 2026

Hearst plans Phase 3 asset management contract

35 100$ plus TVH (comprised of 34 200$ plus TVH for AMP plus 900$ or 5 000$ for Council Engagement)Town of HearstPSD CITYWIDE INCApril 28, 2026

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Description

The Town of Hearst Finance Committee recommends entering into a professional services agreement with PSD Citywide Inc. to complete Phase 3 of the Municipal Asset Management Plan at a cost of $35,100 plus HST. The engagement will deliver an Ontario Regulation 588/17 compliant asset management plan update, including levels of service, financial strategy, and a Council engagement survey, with work targeted for completion by the end of 2026.

Contract Details

Contract Amount

35 100$ plus TVH (comprised of 34 200$ plus TVH for AMP plus 900$ or 5 000$ for Council Engagement)

Vendor

PSD CITYWIDE INC

Agency

Town of Hearst, Canada

Contract Type

PROFESSIONAL_SERVICES

Document Date

April 28, 2026

Contract Term

Project anticipated to be completed by end of 2026

Renewal Date

2026-12-31

Renewal Info

This is a new Phase 3 engagement following prior Phase 1 and Phase 2 agreements with PSD Citywide Inc.; no explicit renewal or extension options are described.