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Indian Hill board approves contracts, accepts $100,000 naming-rights sponsorship from Moes Engineering
Summary
During the March 17 meeting the board approved multiple contracts and accepted a five-year, $100,000 naming-rights sponsorship from Moes Engineering for the alumni room; the treasurer also presented vendor contracts for food service, custodial services and technology.
The board accepted the treasurer's report and approved several contracts on March 17, including a five-year naming-rights sponsorship with Moes Engineering valued at $100,000.
Treasurer Mr. Davis outlined several items: Chromebook warranty contracts; a residential lease agreement for student services; mechanical work to replace an end-of-life boiler in the central utility plant; server upgrades and license renewals; and final amendments to a five-year Aramark food-service contract. He identified a naming-rights agreement that will place the Moes Engineering logo on the alumni room for five years in exchange for $100,000.
"This naming agreement will put the Moes engineering logo on that room for five years," Mr. Davis said when presenting the sponsorship. He also noted that Brad Moes sold the company to Mike Murdoch, who is a local property owner and a prospective future district resident.
Board members moved and seconded acceptance of the treasurer's report and associated items; the motion was recorded as approved by voice vote. The treasurer also flagged routine items such as donations (including a gift from the Jewish Federation of Cincinnati for field trips) and approvals related to summer courses and tuition ($375 for summer health courses and $200 for a summer enrichment offering were listed in the superintendent's report earlier in the meeting).
Why this matters: the sponsorship provides a one-time revenue infusion tied to a naming agreement and several contract approvals affect operations for the next school year (food service, custodial services, technology warranties and maintenance).
The board did not discuss further conditions of the naming-rights agreement during the public meeting; details such as payment schedule and any sign-placement specifics were not specified on the public record.
