Res 2009-024 - Laserfiche WebLink

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b) Texas State shall provide to Texas State staff involved in the hiring and contracting of Qualified Faculty Members information, training and/or education about the Program and its benefits. Efforts under this subsection may include such things as allowing representatives of the City to participate in faculty recruiting events, distributing promotional literature to and/or providing information about any websites developed by the City regarding the Program and/or the positive attributes of the City. C) Texas State shall refer successful applicants for Qualified Faculty Member positions to the City or the City's designated agent to receive further information about the Program and shall further provide to such applicants promotional literature and/or information about any website developed by the City regarding the Program and/or the positive attributes of the City. The designated representative of Texas State and the City Manager may agree to such other efforts consistent with the purposes of this Agreement as part of the plan or program adopted under Section 2.01. PART 4. INCENTIVE PROVIDED BY THE CITY Section 4.01. Local Residency Incentive. The City shall expand the Program to include funding for a local residency incentive to Qualified Faculty Members. Subject to funding under the Program, Qualified Faculty Members shall be entitled to apply for financial assistance contingent upon establishing their primary residence in the City and such reasonable financial, credit and other parameters imposed under the Program. As of the Effective Date, the financial assistance the City will make available to Qualified Faculty Members is a forgivable down payment assistance loan or grant in an amount not to exceed $5,000.00 that is to be applied toward the purchase of a single family residence. The City may offer additional residency Page 4 of 8