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Attachment 5 <br /> FIELD SPONSOR AGREEMENT <br /> THIS FIELD SPONSOR AGREEMENT ("Agreement") is entered into <br /> ("Effective Date")between the Construction Testing Services <br /> ("Field Sponsor")and the City of Pleasanton,a 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 Field Sponsor to solicit its <br /> financial support. <br /> E. Field Sponsor is willing to provide financial support to assist in offsetting the <br /> construction cost of the Sports Complex on the terms and conditions set forth <br /> herein. <br /> F. City is willing to accept the financial support from Field Sponsor on the terms <br /> 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 /> Field Sponsor shall pay to the City the sum of$65,000,in <br /> installments as follows:the first installment in the amount of <br /> $9,286 on May 1,2022;the second installment in the amount <br /> of$9,286 on May 1,2023;the third installment in the amount <br /> of$9,286 on May 1,2024;the fourth installment in the amount <br /> of$9,286 on May 1,2025;the fifth installment in the amount <br /> of$9,286 on May 1, 2026;the sixth installment in the amount <br /> of$9,285 on May 1, 2027; and the seventh and final <br /> installment in the amount of$9,285 on May 1,2028,unless <br /> this agreement is paid off in full earlier with mutual agreement <br /> between the Field Sponsor and the City. These contributions <br /> provide the Field Sponsor with a seven(7)year sponsorship of <br /> 1 <br />