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A RESOLUTION TO CONTRACT WITH PEPSI BEVERAGES COMPANY FOR EXCLUSIVE POURING RIGHTS AT JONESBORO MIRACLE LEAGUE PARK
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WHEREAS, the City of Jonesboro owns and maintains Jonesboro Miracle Park located at 5000 South Caraway Road; and
WHEREAS, Pepsi Beverages Company is seeking exclusive pouring rights at Jonesboro Miracle Park ; and
WHEREAS, Pepsi Beverages Company will have exclusive pouring rights for a period of 10 years with a signing bonus of $2,000, a annul sponsorship of $1,000 yearly, and a rebate program; and
NOW, THEREFORE BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS
SECTION 1: That the City of Jonesboro, Arkansas shall contract with Pepsi Beverages Company for the exclusive pouring rights at Jonesboro Miracle League Park. A copy of said contract is attached as "Exhibit A."
SECTION 2: The Mayor, Harold Perrin and City Clerk, Donna Jackson are hereby authorized by the City Council for the City of Jonesboro to execute all documents necessary to effectuate the agreement.