FINANCIAL SERVICES

 


Mission

The Capital Assets Management Division consists of identifying, tracking and managing capital assets of the City. General capital assets include land, improvements to land, easements, buildings, vehicles, machinery and equipment, infrastructure and all other tangible assets that are used in operations.


Definitions

Capital Assets Manager – is responsible for overseeing the Capital Assets Management Division as well as facilitating the Capital Assets and Real Estate Committee.

Capital Assets and Real Estate (CARE) Committee – is responsible for making real estate recommendations such as sale, acquisition or rental/leasing of properties to the City Manager. The CARE Committee is composed of Deputy City Managers, Chief Financial Officer, Legal Department Representative and a representative from the Airport. CARE Committee meets on a monthly basis (second Monday of the month) to discuss pertinent issues related to capital assets.


Interest To Purchase City-Owned Property

Upon receipt of interest to purchase Capital Assets Management Division is charged to identify and assess all city real estate holdings for its effective use, value and need for municipal use. Also to provide in-fill development on city parcel not necessary for public need that meets the qualifications.

If a property is found not in need for municipal use then it is present to the CARE Committee for approval to sell. All city-owned property is be advertised for public bidding according to State Statute.

Sale of City Property Procedures


Interest to Lease City-Owned Property

Request is initiated through a memorandum or letter requesting the use of the facilities. Capital Assets prepares documents for the CARE Committee and if approved by CARE, then request goes to Department/Legal for an Agreement.

Leasing of City Property Policy


Contact Information

Please feel free to contact our office for assistance during regular business hours: Monday – Friday, 7:00 a.m. to 5:00 p.m.

Telephone: (915) 541-4074 or (915) 541-4235 or (915) 541-4841
Facsimile: (915) 541-4347
Physical Address: 2 Civic Center Plaza, El Paso, Texas 79901


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