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02a
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2019
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091719
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02a
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10/1/2019 9:17:00 AM
Creation date
9/12/2019 3:42:03 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
9/12/2019
DESTRUCT DATE
15Y
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workday. <br />GIFT AGREEMENT BETWEEN: <br />Workday, Inc. <br />AND <br />The City of Pleasanton, California <br />THIS GIFT AGREEMENT (this "Agreement") is entered into on the date of last signature by and between <br />Workday, Inc., 6110 Stoneridge Mall Road, Pleasanton, CA 94588 (hereinafter, "Workday") and the City <br />of Pleasanton ("City") , a general law city, having its primary offices at P.O. Box 520, Pleasanton, CA 94566 <br />(hereinafter, the "City"). <br />WHEREAS, the City is seeking financial support to design and construct a new City Library or an expansion <br />and/or remodel of the existing City Library (the "Library Project");and <br />WHEREAS, Workday is willing to provide financial support to the City for the Library Project; <br />NOW, THEREFORE, the City and Workday (each, a "Party" and together the "Parties")agree as follows: <br />1. DONATION <br />1.1 Workday will donate $500,000.00 (the "Donation") to the City to support the Library Project. <br />1.2 Workday will make the Donation within 30 days following the signing of this Agreement. The <br />City's Finance Department will provide Workday with payment instructions. <br />1.3 Nothing in this Agreement will prevent the City from seeking additional sources of funding for the <br />Library Project or from providing appropriate recognition of the source of the additional funding that is <br />not inconsistent with this Agreement. <br />1.4 Should the City not proceed with or complete the Library Project, then the City shall, at Workday's <br />sole discretion and direction, either refund the Donation to Workday or redirect the Donation to another <br />capital improvement for the City that would provide the same or similar recognition rights set forth in <br />Section 2 below. <br />2. RECOGNITION <br />2.1 In recognition of Workday's support of the Library Project, the City will designate Workday as a <br />benefactor of the Library. At the conclusion of the Library Project, the City will recognize Workday on the <br />new or existing Library building either directly adjacent to the building entrance, if on the exterior, or <br />within the lobby entrance, if within the interior. The recognition shall be executed by mounting a <br />permanent plaque or other permanent naming method of prominence and in a manner no smaller than <br />24 inches wide and 12 inches high, and on the Library website, and when and where Benefactors are <br />listed. <br />
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