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Board approves Sodexo amendment with $500,000 guarantee and management‑fee credit clause
Summary
The board approved an annual amendment to the district’s five‑year food‑service contract with Sodexo that includes a $500,000 annual guarantee and a provision to credit up to the $186,000 management fee if guarantees fall short.
The Middletown School Board approved an amendment to the district’s five‑year food‑service contract with Sodexo that staff said includes a $500,000 guarantee and an administrative management fee that can be returned to the district if guaranteed revenue targets are not met.
“...this year, the guarantee the nice thing about Sodexo food service is they have a guarantee of profit that we'll earn each and every year, and it…
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