Contract with Pepsi for exclusive pouring rights at the EPIC, EPIC Waters, Playgrand and Grand Lawn for five years with two optional one-year renewals that includes payments to the City for the following: annual payment for pouring rights in the amount of $150,000 per year, signing bonuses of $50,000 for year one and $25,000 bonus for year six and seven, $35,000 marketing support for year one and $25,000 marketing support per year for years two through seven, and 30% share of vending machine gross revenue

What this record is

Amount

$150K

Runs until

no end date published in this record

Type

amendment

Read automatically from the title of the official record. The source document below is authoritative.

Committee

City Council

Introduced

April 21, 2017

On agenda

May 2, 2017

Passed

May 2, 2017