Reso 1996-021 to 025 - Laserfiche WebLink

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B. BORROWER also agrees to use its best efforts to hire persons of low income in at least 51% of the BORROWER'S covered positions; at least 70% of whom are residents of incorporated San Leandro. II. GENERAL TERMS. A. The BORROWER acknowledge that a major reason why BORROWER has been selected for Small Business Loan Fund assistance is because of the expectation that BORROWER will make their best good faith efforts to make available a majority of jobs which are created or retained through assistance from the Small Business Loan Fund to low income persons. B. In order to meet the low income person hiring objective, BORROWER agrees to use its best efforts to hire low income persons into 51% or more of such job positions, and 70% of those hired are residents of incorporated San Leandro. III. DEFINITIONS. A. "CITY" shall mean the CITY'S Department of Development Services acting through the Department's Director of Development Services or the Director's designated representative and any CITY designated agency which provides services pursuant to the terms of this Agreement. B. "Covered position" means any of BORROWER'S job openings for permanent jobs in San Leandro created or retained as a result of BORROWER'S receipt of a loan or loan guarantee from the Small Business Loan Fund. A covered position shall be deemed to be available to low income persons if it does not require special skills or requires special skills for which the BORROWER agrees to provide training. A job position requiring special skills is any job, the performance of which requires, as a minimum qualification, that the job candidate possess one year or more of prior relevant training, work experience or post high school education. In addition, the following requirements shall apply in determining whether a job vacancy constitutes a covered position. All new, permanent jobs in BORROWER'S San Leandro facilities shall be counted in evaluating the BORROWER'S attainment of the minimum 51% goal, regardless of the size or amount of the revolving loan approved by CITY. a. For the purposes of this Agreement, a job shall be deemed a permanent job if the anticipated need for such position is at least one year's duration. b. Any permanent part-time job may be counted in evaluating BORROWER'S performance by converting each such job into a fractional equivalent of a full time job. c. A seasonal job shall also be considered to be a permanent job if the duration of the season is long enough for the job to be considered as the principal occupation of a person who normally performs such job. CDBG Employment Agreement EXHIBIT D Page 2 of 7