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As an outcome of the discussions, staff and the groups have identified three (3) cooperative funding options: 1. Conduct a traditional fundraising effort utilizing a non-profit corporation formed with assistance from the City to raise funds from various sources, including Pleasanton residents not associated with the sports groups. 2. The sports groups could assess a fee as one component of their registration fee that would be pledged to the City over a number of years to reimburse the City for its upfront money used to meet park construction costs. If utilized, it's anticipated that the City would execute an agreement with the sports groups memorializing the payment of pledges to reimburse the City. The City would "loan" funds from various reserves to meet immediate park construction needs. 3. Potential sponsorships from private sector businesses in return for some minimal posting of support at the park site. As an example, a specific field could be named in recognition of a corporate contributor. To date the sports groups have expressed support for this cooperative effort and anticipate final approval of their governing boards in the near future. However, prior to obtaining this support, staff is requesting City Council endorsement of this approach and the three (3) funding options addressed above. As the City Council may recall, the funding of the Firehouse Arts Center benefited considerably through the effort of a community fund raising effort involving a non-profit corporation and staff anticipates similar support for the Bernal sports fields. If the City Council approves of the above approach, staff will begin working with the sports groups on forming the non-profit organization and developing financial goals and targets from each of the groups. Also, staff anticipates development of time lines, parameters and other administrative matters required to coordinate this effort. Staff would report back to the City Council after funding details have been finalized to assure these efforts meet City Council expectations and goals. In addition to the above, staff prepared and Council adopted the Financing Plan for the Bernal Community Park in November 2007. Staff will work with the Finance Committee to assess existing and potential future City funding sources to determine if they are applicable for this phase of the Bernal Community Park. As is typicai for a project of this scope, staff anticipates significant value engineering to assure that the project meets community needs at the lowest cost possible, including reviewing partial development of the Oak Woodland area to contain immediate construction costs. Page 5 of 6