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Chair DeBenedet opined that implementing an asset management system was the <br />smart way to select projects for this $3 million annual expenditure, with that <br />system including funding for the software itself, adequate staffing allocations, and <br />training. <br />Mr. Schwartz noted that the City's paper record system had worked so far; <br />including tracking repairs and maintenance; however, he opined that it was <br />becoming more difficult and that it was imperative the funding level get to a level <br />to ensure replacement of critical assets over the next 20 -30 years to provide more <br />predictable tracking tools and life cycle cost calculations than the current paper <br />system. <br />Page 9 of 12 <br />