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CC - Item No. 10A - Consideration for Naming a Future Park Site -- Jay ImperialROSEMEAD CITY COUNCIL STAFF REPORT TO: MAYOR AND CITY COUNCIL FROM: JEFF ALLRED, CITY MANAGER DATE: MAY10, 2011 SUBJECT: CONSIDERATION FOR NAMING A FUTURE PARK SITE- - JAY IMPERIAL PARK SUMMARY The City Council will consider naming the future park site on the west side of San Gabriel Blvd., south of Garvey Avenue and north of Rush Street, as "Jay Imperial Park" in honor of the former Rosemead Mayor and City Council Member. Funding to initiate development of this future park site is included in the Capital Improvement Plan (CIP) budget for the current fiscal year and unexpended funds will be carried over to the CIP budget for the upcoming 2011 -12 Fiscal Year. Design work for the park is in progress and a long -term lease agreement with Southern California Edison (SCE) for use of the property will be in place in the near future. Staff Recommendation: That the City Council provide direction relative to this matter. BACKGROUND /ANALYSIS The CIP budget for the current 2010 -11 Fiscal Year includes funding in the amount of $800,000 to initiate the development of a City park on vacant lot on the west side of San Gabriel Blvd., south of Garvey Avenue and north of Rush Street under the Southern California Edison (SCE) electrical transmission lines. The sources of revenue for this project include a $550,000 grant from the Rivers & Mountains Conservancy (RMC). This grant will be supplemented by at least $250,000 from the City's General Fund Reserves, which have been derived from Redevelopment bond proceeds generated in 2010. As you will recall, the Rosemead Community Development Commission (CDC) has repaid $2.5 million to the City's General Fund from its 2010 Redevelopment bond issue to satisfy the terms of a loan made to the CDC in Fiscal Year 2007 -08. Under the terms of the 2010 bond issue, the $2.5 million repaid by the CDC to the City's General Fund must be spent on capital improvement projects such as the development of a park. ITEM NO. V* APPROVED FOR CITY COUNCIL AGENDA: City Council Meeting May 10, 2011 Page 2 of 2 Currently, conceptual design work is in progress for park planning purposes on this site by the City's landscape architectural firm. Preliminary discussions have occurred with SCE regarding a 30 -year lease agreement that would permit the City to develop a public park on the property. Negotiations to formalize the lease agreement will be resumed and finalized upon completion of the conceptual park design plans. Jay Imperial served on the Rosemead City Council for some 29 years between 1978 and 2007. He also was selected to serve as Mayor on six occasions in 1981, 1986, 1989, 1996, 2001, and 2005. Mr. Imperial continues to be a resident of Rosemead. Mayor Steven Ly has requested that this matter be placed on the City Council agenda for consideration. Following the selection of a name for this future park site by the City Council, a "groundbreaking" ceremony can be scheduled to commemorate the future development of the park. Page I of I f e N � 348 ft CityGiS Copyright @2006 All Rights Reserved. The intormation contained herein is the proprietary property of the contributor supplied under license and may not be approved except as licensed by Digital Map Products. http :Hmaps.digitalmapeentral.com/ production /CityGIS /VO7_O3_001/index.aspx 5/4/2011