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TABLE 5.4 | Estimated Lifecycle Replacement Periods and Costs (continued) <br />table continues on page 91 <br />Funding Strategy Description Implementation <br />Feasibility <br />Grants <br />Various Grants from state or federal governments, foundations, businesses and non- <br />profits Medium <br />External Funding <br />Corporate Sponsorships Allows corporations to invest in new or existing recreation facilities, <br />programs or events.Medium <br />Crowdfunding Aggregated funds from people willing to support a specific project or <br />program. Common platforms include kickstarter.org and razoo.com etc.Medium <br />Partnerships & Interlocal <br />Agreements <br />Joint funding effort in partnership with separate agencies, including <br />government entities, non-profits, or private businesses. Based on a <br />negotiated agreement, partners often share the asset, along with its <br />associated operational and maintenance costs and responsibilities. <br />High <br />Private Donations/ <br />Foundations <br />Private donations received in the form of funds, land, facilities, recreation <br />equipment, art or in-kind services. Can be received through a variety <br />of means, including capital campaigns, gifts catalogs, fundraisers, <br />endowments, etc. <br />Low <br />Friends Groups Groups formed to raise money for a single purpose Medium <br />Irrevocable Remainder <br />Trusts <br />Individuals allocate a portion of their assets to the City through a trust fund, <br />which is invested to grow over time. The City can utilize the fund to support <br />specific park and recreation facilities or programs as designated by the <br />trustee. <br />Low <br />Volunteerism Donation of time to assist the department in providing a service, in turn <br />reducing the City's costs. High <br />Franchises and Licenses <br />Catering Permits and <br />Services <br />This is a license to allow caterers to work in the park system on a permit <br />basis with a set fee or a percentage of food sales returning to the City. Low <br />Pouring Rights <br />Private soft drink companies that execute agreements with the City for <br />exclusive pouring rights within park facilities. A portion of the gross sales <br />goes back to the City. <br />Low <br />Concession Management Retail sales of soft goods, hard goods, or consumable items at park and <br />recreation facilities.Low <br />Funding Strategy Description Implementation <br />Feasibility <br />Franchises and Licenses <br />Private Management <br />Contract with a private business to provide and operate desirable <br />recreational activities financed, constructed, and operated by the private <br />sector. <br />High <br />Naming Rights Selling the naming rights for new or renovated facilities to help fund facility <br />construction.High <br />Leasing City-Owned Land <br />Private developers lease City-owned land for recreational purposes, <br />such as golf course, marina, restaurants, driving ranges, sports complexes, <br />equestrian facilities, recreation centers and ice arenas. <br />Low <br />Utility Easements <br />Easements can be used to finance acquisition and development of parkland <br />by selling the right for utility companies to develop above- or below-ground <br />infrastructure for a set period. <br />Medium <br />Advertising Sales The sale of appropriate advertising on park and recreation related items, <br />such as in the City’s program guide, scoreboards, and other visible items. High <br />TABLE 5.4 | Estimated Lifecycle Replacement Periods and Costs (continued) <br />San Leandro Park Master Plan | 90 DRAFT DRAFT 91 | Realizing Our Vision