“We are very fortunate to attract Paul Talbot to Monterey Park. We’ve long admired his accomplishments in Alhambra and we’ve partnered with him on many public and private sector issues in the past,"  Monterey Park Councilman Frank Venti said in a statement released by the city. “This is an important, strategic time for Monterey Park and we’re confident Paul’s business, financial and government acumen will help us achieve our financial and quality of life objectives.”

The decision was made Monday night in a special meeting of the Council. According to the Pasadena Star-News, the vote was 3-2, with the dissenting Councilmen Wong and Lau raising concerns about his experience and potential conflicts of interests due to his consulting work on a city development project. With fellow former three-term Alhambra councilman, Mark Paulson, Talbot is a principal of Gateway Consultants based in Monrovia, whose projects include the Market Place Development in Monterey Park, the Los Angeles Football Stadium in the City of Industry and the Redstone Development in Alhambra. Monterey Park said in a statement that Talbot will be ending his relationship with Gateway Consultants, and numerous boards "to avoid any potential conflict of interest."

This is in accorance with recommendations the state's Fair Political Practices Commission made last month.  In addition, the FPPC recommended for 12 months following Talbot's appointment date he will not be able to make decisions regarding the Market Place Development or other private projects or the merging of two redevelopment project areas that may affect the amount of public funds available for it. "I think it will be kind of a handicap for the city – if the (city manager) cannot make a decision for a year about major economic projects," Lau told the Star-News. 

Talbot and the majority of the Council thought otherwise, however, and he started work on Tuesday. "My immediate goals are to help the City Council balance the budget, recruit several new department heads, stimulate economic development, and increase our organizational effectiveness and transparency," Talbot said in a statement. “I’ve lived in and loved the San Gabriel Valley all my life. Monterey Park is a wonderful community with great pride of ownership from its residents, outstanding schools, dedicated public employees, unparalleled diversity and a terrific place to raise your family." Talbot, age 49, and his wife Regina live in Alhambra with the youngest of their three sons, who is a student at Mark Keppel High School.

A graduate of Alhambra High School and UCLA. Talbot is a founding director of California General Bank in Pasadena. He has served on the governing board of SCAG (Southern California Association of Governments), as well as the board of directors of the Alhambra Chamber of Commerce, Alhambra Educational Foundation, Alhambra Hospital Medical Center and Industry Education Council. He was the co-founder of the San Gabriel Valley Lunar New Year celebration. 

The Monterey Park city manager, whose annual salary according to Talbot's contract is $165,000, was previously filled by interim City Manager Donald McIntyre. His appointment expired on September 30, 2010.