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Superintendent presents LEF MOU addendum proposing 60/40 bus-ad revenue split and barter ads with NFM Grandscape

2143147 · January 7, 2025

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Summary

Superintendent Doctor Rapp told trustees the Lewisville Education Foundation (LEF) proposes an addendum to the MOU to formalize a revenue-sharing arrangement for bus advertising (60% district/40% LEF) and a barter arrangement with NFM Grandscape for shared ad space; no final board action was taken at the meeting.

Superintendent Doctor Rapp outlined proposed changes to the district’s memorandum of understanding with the Lewisville Education Foundation (LEF), including a revenue-sharing plan for bus advertisements and a barter arrangement for ad space at NFM Grandscape.

Doctor Rapp said LEF’s proposed revenue sharing would use a 60/40 split on bus-ad sales, with 60% of sales revenue going to the school district and 40% to LEF. He also described a barter agreement in which the district and LEF would alternate use of provided ad space at NFM Grandscape; Doctor Rapp noted the ad space is provided to the district at no charge by NFM Grandscape.

“There's three items that you all have to consider that LEF is proposing,” Doctor Rapp said, and he told the board the administration intended to bring a formal addendum for approval on the Monday consent agenda. He said there is no proposed termination date for the two ad-related items and that any future changes would be brought back to the board.

No board vote was taken on the floor; Doctor Rapp invited questions and said staff would collect any board questions and provide answers through routine agenda-question channels.