Named in honour of David D. Balam, research assistant at the University of Victoria's Climenhaga [1] Observatory. In addition to being the observatory's principal observer, Balam has developed most of the software for the astrometric program on minor planets and comets.
Name suggested and citation provided by Christopher Spratt.
Reference: MPC 13178
Links:
[1] http://www.rasc.ca/content/asteroid-3034