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Councilmember Balch noted he understands the one-time funding is to support operational costs but inquired if the City Council could set up funding outside of this one-time agreement. Assistant to the City Manager Hopkins confirmed that was an option and the Three Valleys Community Foundation would look for partners who are interested in funding the projects for the benefit of the community. Mayor Brown noted that funding is cobbled together and this could be a partial source for funding John Sensiba, of Three Valleys Community Foundation, noted this funding will help with the development of the Three Valleys Community Foundation and will help drive local philanthropy. He believes this is an appropriate use of the City's money to help put in place an infrastructure to allow non-profit organizations to be funded. In response to Councilmember Narum's previous question, Mr. Sensiba reported both Alameda County Supervisors Nate Miley and David Haubert verbally committed and noted there was an action item at the Alameda County Board of Supervisor's meeting two weeks ago to approve funding. Councilmember Narum inquired if any Pleasanton residents have reached out to create a fund or donor funds. Mr. Sensiba reported both have occurred and he provided a brief overview of how they intend to build local donor relationships. Councilmember Testa noted there was a foundation a few years back that did not come to fruition. She asked if Mr. Sensiba could explain why that happened. Mr. Sensiba noted his impression was that the governance function did not operate as it should have. Councilmember Balch requested Mr. Sensiba provide a brief overview of how he expects to see services distributed and needs identified. Mr. Sensiba explained the most common way for a community foundation to fund community needs is through donor-advised funds where the donor identifies the need and an organization that is identified as the one to best meet the need is selected. He explained a community foundation is placed-based and serves the needs of the community that may change over time. He provided an overview of the many ways needs can be identified. He noted this is a long-term investment in the community. Mayor Brown appreciates the foundation's commitment to an annual update to the Human Services Commission and the City Council. She inquired if the foundation will expect to need ongoing funding. Mr. Sensiba explained they do intend to need ongoing funding but not from governmental agencies. He clarified this is start-up capital and expects the foundation to be self-funded in 18 to 24 months. Mayor Brown inquired if the foundation is working with We Are Pleasanton. Mr. Sensiba confirmed the partnership with We Are Pleasanton and reported there have already been donations made. Councilmember Narum inquired if there was a website available for donations. Mr. Sensiba advised anyone interested in donating can go to 3vcf.org for additional information. Mayor Brown opened the public hearing. There being no speakers, the public hearing was closed. Councilmember Narum moved to approve the requested funding for the Three Valleys Community Foundation with a one-time allocation totaling $50,000, to be paid over three years. Councilmember Balch seconded the motion. Councilmember Narum advised this is a one-time request and that she looks at it as an investment in Pleasanton. She noted some residents have already established funds that have more than covered the $50,000 that will be put back into the community. She advised the City Council approved having City Council Minutes Page 8 of 9 May 3, 2022