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Receive and File Washington Square Park Feasibility Study <br />September 16, 2025 <br />Page 4 <br />Recommendations and Funding <br />The study concludes that all three options are technically viable. A new park would <br />address community requests and would help close a documented park service gap. <br />Challenges exist for all three options. While the parcels owned by Alexander Dantes LLC <br />have been presented as available from a willing seller, the City's appraised value is below <br />the previously indicated owner's asking price. As previously indicated, while Option 3 <br />presents the largest park option, the ease of acquisition of the parcel owned by the Jessup <br />Ann Hayden Trust is uncertain. <br />Funds for ongoing maintenance and security of any proposed park would need to be <br />identified and added to the recurring budget. These costs can vary widely depending on <br />the size of park and type of amenities ultimately included. Additionally, the City is currently <br />in the process of delivering major park renovation projects and two new parks, one of <br />which is located in the adjacent Willard Neighborhood with a walking distance ranging <br />from 200 feet to 0.6 miles from the Washington Square neighborhood. Once completed, <br />these parks will require recurring budget allocations for ongoing maintenance and <br />security. If not adequately funded, maintenance of a new park within Washington Square <br />Neighborhood would add to the strain on existing park maintenance resources. <br />While funds were allocated for the evaluation and feasibility of a potential park in the <br />Washington Square Neighborhood, no funding has been identified for acquisition and <br />development. As such, Staff recommends the City Council receive and file the <br />Washington Square Park Feasibility Study. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />There is no fiscal impact associated with the receive -and -file recommendation. <br />EXHIBIT(S) <br />1. Washington Square Park Feasibility Study <br />Submitted By: Rodolfo Rosas, P.E., Acting Executive Director— Public Works Agency <br />Approved By: Alvaro Nunez, City Manager <br />