Res 1995-067 - Laserfiche WebLink

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I 3':;1< 3. The details of the lease servicing provisions, Le., who will oversee it; 4. The types of positions, number, wage scales and minimum skill levels of all permanent positions to be created/retained as a result of this project, including a provision requiring that fifty-one percent (51 %) or more of all jobs created or retained are filled by low-te-moderate in- come persons; and the total number of persons employed by the Company at the time the lease agreement is executed. A copy of the Company's payroll, as of the date of this contract, verifying this information shall be provided to Contractor and Department prior to Department's release of contract funds; 5. A hiring plan that includes methods of identifying and training potential low/moderate income job applicants; 6. The activities to be performed by Contractor and the Company, as specified in Exhibit A, Performance Statement, of this contract; 7. Provisions requiring the Company to repay Contractor for contract funds expended in the event the Company does not fulfill its responsibilities under the agreement; 8. A condition which states that the Company will obtain Contractor's approval before in- curring additional debt during the contract period; 9. A condition which states that assets (Le., cash, inventory, accounts receivable) are restricted from being transferred out of the Company without the written consent of Department, except during the normal course of business, during the contract period; , 10. A condition which restricts the principals of the Company from reducing their propor- tionate ownership in the Company without prior approval from Contractor, 11. A condition which states that the Company certifies that all taxes are current and future taxes will be paid when due; 12. A condition which prohibits the Company from sub-leasing the property/facility (funded with contract monies) without Department approval. If the Company is permitted to sub-lease the facility, Company agrees to forward all payments received to the city of San Marcos; 13. A condition requiring Contractor to make quarterly on-site visits to the Company to as- sess/monitor the progress toward job creation and requiring the Company to provide to local officials at the time of on-site visits information regarding job creation and any other information deemed necessary by Contractor to administer this contract; 14. Provisions requiring records to be kept and reports to be made regarding the documen- tation of low and moderate income benefit and beneficiaries by race, ethnicity, gender, and handicap status in the same manner and to the same extent as Department requires of Contrac- tor, and 15. Any other relevant details or special conditions placed on the loan/contract. D. Contractor shall not advertise or solicit bids for construction or rehabilitation of a project assisted with funds provided under this contract until Contractor has received the applicable prevailing wage rates from Department. Page 12 of 15