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Park District: If any of the funding listed above is not forthcoming, we expect to make up the short fall through District funding from Measure AA, Measure WW, Prop 40 and /or other District capital funds. A grant of funds in the amount of $1,000,000 from the Alameda County Altomont Landfill Open Space Fund will greatly aid in the acquisition and protection of this property. Support Many agencies and conservation groups are interested in supporting the Park District's acquisition of Tyler Ranch. Letters of support have been received from the City of Pleasanton, the Sierra Club, Tri- Valley Conservancy, Ohlone Audubon Society, Sunol Citizen's Advisory Committee and the Kilkare Woods Homeowners Association as well as local legislators State Senator Ellen Corbett (District 10), State Assemblymember Mary Hayashi (District 18) and US Congressman Pete Stark (District 13). 5. Willing Seller Phase I of the Tyler Ranch property acquisition was purchased from willing sellers Cynthia Roberts and Nancy King. A Memorandum of Agreement: Repurchase Agreement with Incultorum, LLC, subsidiary of The Priem Family Foundation "Foundation for Phase 11 has been fully executed and approved by EBRPD's Board. The generous financial support of the Foundation will enable the Parlc District to complete the second phase of this large acquisition. The Foundation is a tax exempt organization under Section 501(c)(3) of the Internal Revenue Code, created in part for the purpose of preserving open space in the greater East Bay Area. The Foundation and the Park District have entered into a "Memorandum of Agreement" "MOA'), agreeing to work together to permanently protect wildlands, ridgelines and viewsheds in the Niles Canyon area, specifically agreeing to cooperate in the purchase of Tyler Ranch. In Phase 1 of the project, EBRPD purchased 320 acres of Tyler Ranch for $1.44 million. The Foundation, through its subsidiary Incultorum, LLC, purchased the remaining 1,156 acres for $5,197,500. This transaction was completed on September 28, 2007. For Phase 11, EBRPD and the Foundation have negotiated a Repurchase Agreement whereby within three years EBRPD may purchase Incultorum's 1,156 acres for $3,468,000 ($3,000 per acre), a partial donation of the purchase price which constitutes a gift by the Foundation to EBRPD of $1,729,500. 4