The Capital Asset Management (CAM) group will focus on developing a citywide strategy for the City’s capital assets in order to better serve the capital asset needs of Salt Lake City residents and businesses. Some of the highlights of this strategy will include using best practices in coordinating the resources at our disposal to guide large capital projects through the development process, and improving the procedure used to assess and rank capital projects, as well as the acquisition, management and disposal of the City’s real property and facilities.

Capital Asset Projects - CAP

Salt Lake City’s Capital Asset Project (CAP) Program is an orderly, transparent course of action to address proposed capital asset projects through the City’s organization and identify potential methods to finance the objectives of the proposal within the City's funding resources. A set program to manage capital asset projects enables the City to coordinate, and prioritize based upon needs, all proposed capital asset projects to ensure the projects meet both the short and long-term needs of the City. An effective Capital Asset Project Program requires an annual review, ranking and monitoring by the City and the Community to avoid out-dated emphasis and misdirection of effort.

Property Management

The Property Management section of Capital Asset Management provides real estate related services to the various city departments. General services offered include the acquisition and disposition of real property, the asset management of the city’s real estate portfolio, land development services for City projects, and due diligence research including appraisals, environmental reports, title reports, and market data. As part of the asset management function, Property Management specifically permits the private use of City owned right-of way, facilities, parks, and open space through either lease, permit or registration.