To: The Honorable Mayor and Board of Commissioners From: Michael Jaycocks Subject: Pepsi Sponsorship and Sales Agreement
This sponsorship and sales agreement will be for five years and includes the new Recreation Center, Town Center, Town Hall, Police Department and Parks. During this five year period the town would have to purchase a min. of 7,550 cases. If this number is not reached after five years, then the agreement will continue until that number of cases are purchased. The town will receive a $2 rebate on every case purchased and 40% on vending machine purchases. As part of this agreement, Pepsi will provide the town two new scoreboards for the new Recreation Center valued at $12,000. At the end of the agreement the scoreboards will become the property of the town. These scoreboards will have 3 slots each that the town can use to sell to other sponsors.
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