Pleasanton now has a count of nearly everything it owns, from streets and park equipment to buildings and storm drains, and a first estimate of what needs fixing soon.
At the City Council's Oct. 6 meeting, Public Works Director Siew-Chin Yeong walked members through the third phase of the city's first Asset Management Plan, a project the council hired Kayuga Solutions to build in April 2024. The update was informational, with no vote.
The numbers
The staff report counts more than 200,000 documented assets with a combined replacement value of about $4.8 billion. About 132,450 of them, worth roughly $3.4 billion, are paid for through the General Fund; the rest belong to enterprise operations such as the water and sewer systems and Callippe Preserve Golf Course. Staff describes the system overall as generally in good condition.
Among General Fund assets, about $124 million is classified as high risk, according to the presentation. The Pleasanton Weekly reported that Yeong put the value of assets rated poor or failed at about $28 million, roughly 1% of the total.
After leaving out the fleet, which is budgeted separately, and the Civic Center, which will get its own master plan, staff's preliminary list holds about $14.3 million in high-risk items rated poor or failed, targeted for the near term, and about $61 million in high-risk assets still in fair condition that may need work in three to 10 years.
Those figures cover only replacement of the assets themselves. Engineering, design and management could add 30% to 50%, the report says.
A smaller gap than feared
Several council members said the figures were better than they expected, according to the Weekly. A 10-year infrastructure plan presented in March 2023 had pointed to a $900 million gap. Assistant City Manager Alexa Jeffress said that earlier figure was a high-level estimate that covered both enterprise and General Fund assets, and that significant funding gaps remain.
Councilmember Matt Gaidos called the update a "rosier picture." Councilmember Julie Testa said she had expected bad news from the report and welcomed the finding that only about 1% of assets rated poor or failed. Mayor Jack Balch said residents would be able to follow how the capital budget is built from the plan's data over time.
