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Board approves 10-year Coca-Cola contract providing annual payment and sales revenue
Summary
The board approved a proposed 10-year beverage contract with Coca‑Cola that includes an annual payment (discussed in the meeting as about $37,000) plus product sales revenue; board members discussed term length and stated booster-club input had been solicited.
Superintendent Bill presented a proposed 10-year beverage contract with Coca‑Cola that would place vending and product distribution in district buildings in exchange for an annual payment and shared sales revenue.
Bill described the economics and incentives, saying the arrangement would bring the district money in addition to sales revenue; at one point he summarized the contracted payment as "So $37,000 that they propose." He told the board that Pepsi had been offered the same information but did not respond and that Coke’s pricing guarantees would apply for the first five years per the contract discussion.
Board members asked whether the booster club had been consulted; staff said the booster club had been contacted and had no objection. The board moved and voted to approve the Coca‑Cola contract; the chair announced the motion carries and the contract will be executed in coordination with finance staff.
