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sports groups to develop a fundraising campaign that would provide approximately $2 million towards the sports fields portion of the project. As a result, since that time, staff has been meeting with the sports groups in an effort to develop parameters, expectations and processes for the fundraising campaign. As an outcome of that process, staff and the sports groups have prepared the attached MOU and it is being recommended for approval. DISCUSSION As indicated above, the MOU establishes the scope and parameters of a fundraising campaign that will be coordinated with local sports organizations including Ballistic United Soccer Club, Pleasanton RAGE Girls Soccer Club, Pleasanton Adult Sunday Soccer, Pleasanton American Little League, Pleasanton Foothill Little League, Pleasanton National Little League, Pleasanton Girls Softball League, Pleasanton Junior Football League, Pleasanton Lacrosse Club and Pleasanton Pride Girls Lacrosse Club all of which, except for the Pleasanton Adult Sunday Soccer group have signed the MOU. To assure project coordination, the MOU establishes a steering committee comprised of a representative from each participating sports organizations and two City staff representatives for the primary purpose of resolving matters related to donations, approving modifications to donor requirements for name recognition, and for providing guidance regarding the fundraising campaign overall. The City will not have an active role in fundraising which will be handled entirely by the sports groups. The purpose of the fundraising campaign is to raise an estimated $1.88 million in private funds to be donated to the City to offset costs related to developing Bernal Park, Phase II. The $1,880,000 is based upon the initial difference, or gap, between the City's commitment to allocate $10,675,000 toward the development of the Bernal Park, Phase II and the initial estimated project cost of $12,559,000. Because project cost is based on the project architect's estimate, the final construction bids may impact the actual cost of the project resulting in a gap that is more or less than the estimated $1.88 million. If the project cost is more or less than the estimated $12,559,000, the City will adjust the fundraising goal accordingly. However, the total fundraising commitment from the sports groups will not exceed $2 million. A unique aspect of the MOU is that in the event that within 90 days after the opening of the Bernal Park, Phase II the fundraising campaign has not raised $1.88 million (or other amount based on project construction bids), then each participating sports group has agreed that it will raise the outstanding fundraising balance over a period of ten years after the date of the Park's opening. The outstanding balance will be allocated to each sports group based on the number of players in each participating sports group. As an example, assuming an outstanding fundraising balance of $880,000 and the participation of 7,447 players (the current number of Sports Groups players), the allocation would be $118 per player ($880,000 / 7,447 = $118). Assuming a participating sports group has 800 players, its share of the outstanding balance to be paid off in full within ten years would be $94,400 (800 players X $118 per player = $94,400). The source of this repayment would be determined by the sports groups and could include a league user Page 3 of 6