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15
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2022
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041922
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4/13/2022 2:26:07 PM
Creation date
4/13/2022 2:25:53 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
4/19/2022
EXPIRATION DATE
4/19/2022
DESTRUCT DATE
PERMANENT
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Attachment 2 <br /> SPORTS COMPLEX SPONSOR AGREEMENT <br /> THIS SPORTS COMPLEX SPONSOR AGREEMENT ("Agreement") is entered into <br /> April 1, 2022 ("Effective Date")between Stanford Health Care, a California nonprofit <br /> public benefit corporation("Sports Complex Sponsor") and the City of Pleasanton, a <br /> municipal corporation("City"). <br /> Recitals <br /> A. City constructed the 16-acre Bernal Community Park, Phase II, Multi-purpose <br /> Lighted Sports Field("Sports Complex")that has three lighted multi-purpose <br /> sports fields with synthetic turf,parking lots, a children's play area,equipment <br /> storage and a restroom, such that the facility is available for year-round play <br /> as part of the City's Bernal Community Park, located at 7001 Pleasanton <br /> Avenue, Pleasanton, CA 94566. <br /> B. Due to the complexity, size and cost of the Sports Complex, City and various <br /> sports groups in the community have entered into a Memorandum of <br /> Understanding ("MOU") dated December 2, 2014, by which these sports <br /> groups ("Sports Groups" as identified in the MOU)and the City have agreed <br /> to work collaboratively to obtain private funds to assure the Sports Complex <br /> would be constructed in a timely manner for the overall benefit of the <br /> community. <br /> C. As provided in the MOU,the Sports Groups have agreed to conduct a <br /> fundraising campaign to raise private funds to be applied to assist in offsetting <br /> the construction cost of the Sports Complex. <br /> D. As part of that effort, Sports Groups have contacted Sports Complex Sponsor <br /> to solicit its financial support. <br /> E. Sports Complex Sponsor is willing to provide financial support to assist in <br /> offsetting the construction cost of the Sports Complex on the terms and <br /> conditions set forth herein. <br /> F. City is willing to accept the financial support from Sports Complex Sponsor <br /> on the terms and conditions set forth herein. <br /> NOW,THEREFORE, in consideration of the mutual promises set <br /> forth in this Agreement, the parties agree as follows: <br /> 1.Contributions. As its contributions to the Sports Complex, <br /> Sports Complex Sponsor shall pay to the City the sum of <br /> $177,500, in installments as follows: the first installment in the <br /> amount of$25,358 on April 1, 2022; the second installment in <br /> the amount of$25,357 on April 1, 2023;the third installment in <br /> the amount of$25,357 on April 1, 2024; the fourth installment <br /> in the amount of$25,357 on April 1, 2025;the fifth installment <br /> in the amount of$25,357 on April 1,2026;the sixth <br /> installment in the amount of$25,357 on April 1, 2027; and the <br /> seventh and final installment in the amount of <br /> $25,357 on April 1,2028, unless this agreement is terminated <br /> earlier. These contributions provide Sports Complex Sponsor <br /> with a seven-year sponsorship of the `Sports Complex' located <br /> 1 <br />
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