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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
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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 6 <br /> FIELD SPONSOR AGREEMENT <br /> THIS FIELD SPONSOR AGREEMENT ("Agreement") is entered into <br /> ("Effective Date")between the 4LEAF, Inc. ("Field Sponsor") and <br /> the City of Pleasanton, a municipal corporation("City"). <br /> Recitals <br /> A. City constructed the 16-acre Bernal Community Park, Phase 11, 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 />
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