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<br />. <br /> <br />SECTION 5.5. LOAN REPAYMENTS SCHEDULE. Subject to the last <br />sentence of Section 5.4, repayment of the principal sum, together <br />with accrued interest, shall be made in monthly installments, <br />commencing the first day of the month following the Completion <br />Date in the amount necessary to fully amortize the Loan over the <br />ten year Loan term. The entire unpaid balance shall be due and <br />payable in full at the end of ten years after the Completion <br />Date. <br /> <br />SECTION 5.6. LEVERAGE FUNDS. The leveraged funds described <br />in the SCDP Application must be used for the same purposes and <br />under the same terms, rates, and conditions as specified unless <br />prior written consent is received from the Grantor Agency. <br /> <br />ARTICLE 6 <br /> <br />provision of Evidentiary Material Requirement <br /> <br />SECTION 6.1. PROVISION OF EVIDENTIARY MATERIALS. The <br />Developer, shall agree to provide to the City all evidentiary <br />materials according to the format and timetable cited in the <br />Grant Agreement. The City will forward said materials to the <br />Grantor Agency and assist in expediting reviews leading to a <br />release of SCDP funds. <br /> <br />. <br /> <br />~ <br />SECTION 6.2. DOCUMENTATION OF USE OF FUNDS. The Developer <br />must provide the City with necessary documentation that the Loan <br />proceeds and leveraged funds have been used for the items and <br />purposes stated in the SCDP Application, prior to submitting the <br />final progress report and requesting grant closeout from the <br />Grantor Agency. <br /> <br />SECTION 6.3. The Developer must document that items <br />purchased with SCDP loan funds (equipment) are of reasonable <br />cost, in accordance with OMB Circular A-87. <br /> <br />ARTICLE 7 <br /> <br />provision of New Permanent Jobs <br /> <br />SECTION 7.1. EMPLOYMENT OBJECTIVE. The Developer agrees to <br />take affirmative action to ensure that 45 new permanent jobs will <br />be created by the Project, of which, at a minimum, 34 shall be <br />held by/made available to low and moderate income individuals. <br />The Developer agrees that the above job requirements shall be <br />completed by December 31, 1994. <br /> <br />SECTION 7.2. EMPLOYMENT DOCUMENTATION. The Developer shall <br />complete and provide to the City notification of employment semi- <br />annually of hiring each new employee. This notification <br />requirement will not be necessary after December 31, 1994, <br />provided the employment objective set forth in Section 7.1 has <br />. been met. In addition, the Developer agrees to provide <br /> <br />7. <br />