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sponsorship_agreement_between_stcu_and_lakeland_jo.pdf

STCU funds Timberlake High videoboard sponsorship deal

An annual fee of $5,509.66 for 10 years; total $55,096.61 including applicable taxLakeland Joint School District 272SPOKANE TEACHERS CREDIT UNIONSeptember 1, 2025

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Description

Lakeland Joint School District #272 entered into a 10-year sponsorship agreement with Spokane Teachers Credit Union to fund a new videoboard for Timberlake High School’s main gym. STCU will pay $55,096.61 in sponsorship and installation fees and reimburse the District for procurement of the videoboard equipment, while receiving exclusive sponsorship signage and related benefits.

Contract Details

Contract Amount

An annual fee of $5,509.66 for 10 years; total $55,096.61 including applicable tax

Vendor

SPOKANE TEACHERS CREDIT UNION

Agency

Lakeland Joint School District 272, ID

Contract Type

OTHER

Document Date

September 1, 2025

Contract Term

September 1, 2025 – August 31, 2035 (10-year term)

Renewal Date

2035-08-31

Renewal Info

Initial 10-year sponsorship term from September 1, 2025 through August 31, 2035, with prorated refund provisions if terminated early; no explicit renewal options stated in the agreement text provided.

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