(a) Category 1 - Sponsorships. Following a request for qualifications, a request for proposals, or a request from the Administration, the City may enter into an agreement with an individual or an organization whereby the naming of a City asset may be selected by such individual or organization, pursuant to the requirements of this Chapter, in exchange for cash or other sufficiently valuable contribution to the City.

(b) Category 2 - City Recognitions. The City may elect to name a City asset to formally recognize significant contributions and support given to the City by individuals or organizations.

(c) Category 3 - Tributes and Memorials. As provided in this Chapter, an individual may petition the City to name a City asset as a tribute or memorial to an individual, group, event, or other thing.