HomeMy WebLinkAboutCapEd Credit Union MOA Sponsorhsip 25-26 Water Tower Champioinship Competition MEMORANDUM OF AGREEMENT FOR SPONSORSHIP
OF 2025-2026 WATER TOWER CHAMPIONSHIP COMPETITION
This MEMORANDUM OF AGREEMENT FOR SPONSORSHIP OF 2025-2026
WATER TOWER CHAMPIONSHIP COMPETITION ("Agreement") is made this-1- 7 day of
2025 ("Effective Date"), by and between the City of Meridian, a
munic pal corporation organized under the laws of the State of Idaho ("City"), and Capital
Educators Federal Credit Union, doing business as CapEd Credit Union, a non-profit
organization organized under the laws of the State of Idaho ("Sponsor").
WHEREAS,the Water Tower Championship ("Competition")is an athletic, activity,
and academic competition series between 6A High Schools in Meridian, Idaho, including
Meridian High School, Rocky Mountain High School, Mountain View High School, and
Owyhee High School, in which these four(4) schools will be awarded points for their
performance in athletics, activities, and academics;
WHEREAS, Sponsor cares about education and our community, and to that end,has
agreed to contribute funds toward promotional media, events, and trophies to promote and
incentivize participation in the Competition;
NOW, THEREFORE, for good and valuable consideration,the receipt and sufficiency
of which is hereby acknowledged and agreed, and in consideration of the mutual promises and
covenants herein contained, the Parties agree as follows:
I. CITY'S RESPONSIBILITIES.
A. Competition management. Between October 1 and November 30, 2025, City will
establish criteria, metrics, and points for the Competition, and communicate same to
Sponsor and the participating schools. Throughout the school year, City will track each
school's scores according to such metrics, determine the winner by May 1, 2026, and
award a trophy to the winning school.
B. Publicity. City shall publicize the Competition,which publicity may include distribution
of information via written and broadcast media, social and online media, e-mail, and
posters. Decisions regarding the time,place, and manner of such publicity shall be made
by City.
C. Acknowledgment of sponsorship. Sponsor shall be entitled to recognition as a
presenting Sponsor, i.e. "2025-2026 City of Meridian Water Tower Championship,
presented by CapEd," and Sponsor's logo shall be printed on all event marketing
materials.
D. Invoice Sponsor. City shall provide one (1) invoice to Sponsor by November 30,2025,
in the amount of three thousand dollars ($3,000.00), and City shall use such amount for
the payment of expenses related to the Competition, including,but not limited to,
purchase of the trophy,promotional materials, and publicity.
MEMORANDUM OF AGREEMENT FOR SPONSORSHIP OF WATER TOWER CHAMPIONSHIP PAGE 1 OF 4
E. First refusal offer. City shall offer to Sponsor the right of first refusal to be a presenting
sponsor of the 2026-2027 Competition prior to solicitation of a new and/or additional
sponsor, so long as Sponsor fulfills its responsibilities set forth in this Agreement. If
Sponsor chooses not to sponsor the 2026-2027 Competition, or fails to accept City's offer
by the date provided by City in such offer, such offer shall lapse, and City shall reserve
the right to seek alternative sponsors, in City's sole discretion. City shall reserve the
right not to hold a 2026-2027 Competition and/or to change the terms or format of same.
II. SPONSOR'S RESPONSIBILITIES.
A. Reimbursement. Within thirty (30) days of receipt of City's invoice, Sponsor shall
provide payment to City in the amount of three thousand dollars ($3,000.00).
B. Logo. Sponsor shall provide City with a copy of its logo, in digital format, for use on
marketing materials as described herein.
C. Publicity. Sponsor may produce and distribute promotional materials regarding the
Competition, with prior consultation with City Contact.
III.GENERAL TERMS.
A. Term. This Agreement shall be effective on the Effective Date and shall remain in effect
through September 30, 2026.
B. Day-to-day communications. Communication between Sponsor and City regarding
day-to-day matters (e.g., issues related to promotional coordination,promotional material
approvals, scheduling, etc.) shall occur via e-mail or telephone. City shall provide
Sponsor the name, e-mail address, and telephone number of specific City personnel
("City Contact")who shall serve as the liaison between City and Sponsor for day-to-day
communications. Sponsor shall provide City the name, e-mail address, and telephone
number of specific Sponsor personnel("Sponsor Contact")who shall serve as the liaison
between Sponsor and City for day-to-day communications.
C. Notice. Written notice required to be provided by either of the parties under this
Agreement shall be in writing and be deemed communicated when mailed by United
States Mail, addressed as follows:
City: City of Meridian Sponsor: CapEd Credit Union
City Clerk Todd Christensen,Chief Marketing Officer
33 E. Broadway Avenue 275 S. Stratford Drive
Meridian ID 83642 Meridian ID 83642
Either party may change its address for the purpose of this paragraph by giving formal
notice of such change to the other in the manner herein provided.
D. Entire agreement; modification. This Agreement embodies the entire agreement and
understanding between the parties pertaining to the subject matter of this Agreement, and
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supersedes all prior agreements, understandings, negotiations, representations, and
discussions, whether verbal or written, of the parties pertaining to that subject matter.
The Agreement may not be changed, amended, or superseded unless by means of writing
executed by both Parties hereto.
E. Termination. Either party may terminate this Agreement in whole, or in part, due to
default, or when either or both parties agree that the continuation of this Agreement is not
in the parties' best interest, by providing thirty(30) days' written notice. If Sponsor is
the terminating party, City shall be entitled to receive reimbursement for payments or
commitments made by City for agreed-upon services or purchases prior to the date of
termination, if any. If City is the terminating parry, Sponsor shall be entitled to
reimbursement of that amount of Sponsor's contribution that has not been spent as
described herein, if any.
F. Severability. If any part of this Agreement is held to be invalid or unenforceable, such
holding will not affect the validity or enforceability of any other part of this Agreement
so long as the remainder of the Agreement is reasonably capable of completion. The
invalidity or unenforceability of any particular provision of this Agreement shall not
affect the other provisions, and this Agreement shall be construed in all respects as if any
invalid or unenforceable provision were omitted.
G. State of Idaho requirements. The following provisions, as applicable, are required by
Idaho law. The terms used in this provision shall have the definitions as set forth in the
respective Idaho Code provisions.
1. Pursuant to Idaho Code§67-2346,Sponsor certifies that Sponsor is not currently engaged
in,and will not for the duration of this Agreement engage in,a boycott of goods or services
from Israel or territories under Israel's control.
2. Pursuant to Idaho Code § 18-8703,as applicable, Sponsor certifies that it is not,and will
not for the duration of this Agreement become, an abortion provider or an affiliate of an
abortion provider.
3. Pursuant to Idaho Code § 67-2359, Sponsor certifies that Sponsor is not, and for the
duration of this Agreement will not be, a company currently owned or operated by the
government of China.
4. Pursuant to Idaho Code §67-2347A, Sponsor certifies that Sponsor is not currently
engaged in, and will not for the duration of this Agreement engage in, a boycott of any
individual or company because that individual or company engages in or supports the
exploration, production, utilization, transportation, sale, or manufacture of fossil fuel-
based energy, timber, minerals,hydroelectric power, nuclear energy, or agriculture.
5. Pursuant to Idaho Code §67-2347A, Contractor certifies that Contractor is not currently
engaged in, and will not for the duration of this Agreement engage in, a boycott of any
individual or company because that individual or company engages in or supports the
manufacture, distribution, sale, or use of any firearm.
H. Applicable Law. The Agreement shall be governed by the laws of the State of Idaho and
jurisdiction for any disputes arising hereunder shall be in the Fourth Judicial District, Ada
County, State of Idaho.
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I. Third-party beneficiaries. This Agreement is not intended to create,nor shall it in any
way be interpreted or construed to create, any third-party beneficiary rights in any person
or entity not a party hereto.
J. Warranty of authority. Each person executing and signatory to this Agreement
represents and warrants that all corporate action necessary for the authorization,
acceptance and delivery of this Agreement by such party and the performance of its
obligations hereunder has been taken; that the execution, delivery, and performance of
this Agreement has been duly authorized by all necessary action of each respective party;
that such person is, at the time of execution, duly authorized by the respective Party's
governing body to bind such Party to this Agreement in all respects.
IN WITNESS WHEREOF,the parties hereto have executed this Agreement on the
Effective Date first written above.
CAPED CREDIT UNION:
2088884433
1 Z
Ray LEI dley, Chief Ex fficer
CITY OF MERIDIAN: Attest:
Robert E. Simison,Mayor 10-14-2025 Chris Johnson, City Clerk 10-14-2025
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