It is being proposed which could see play areas and the main car park improved.
Upgrading is also being planned for the lighting system in Baxter Park, as well as paths in other parks and around the green circular route in the city.
Environment convener Councillor Craig Melville explained: "I am very proud of the quality of our green spaces in the city, but I am aware that improvements are needed.
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"That is why we are putting forward these plans which include £500,000 of local authority spending on Camperdown between now and 2014.
"The council is also actively looking at ways how we can attract the rest of the near £1 million plan for the park from external sources to complete the funding package.
"People enjoy Dundee's parks, paths and cycle routes and I want this continue into the future.
"Our action programme for Camperdown is part of an overall development plan for the next five years and I am glad to see this progress being made.
"After many years, the duck pond at Camperdown has been refurbished and this is just the first step in this major programme at the park."
