DATE: May 19, 2020
SUBJECT:
Title
RESOLUTION ADOPTING BOARD OF PORT COMMISSIONERS POLICY NO. 779: TEMPORARY RENT DEFERRAL PROGRAM REHIRE POLICY
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EXECUTIVE SUMMARY:
On April 8, 2020, the Board of Port Commissioners (Board) adopted Resolution No. 2020-034, Resolution Establishing Temporary Rent Deferral Program for Qualifying Concession Tenants Allowing a Temporary Suspension of Minimum Rental Payments. As part of that Resolution, to qualify for rent deferral, among other requirements, a tenant must "[c]omply with any worker rehire policy adopted by the Board." This agenda recommends the Board adopt Policy No. 779: Temporary Rent Deferral Program Rehire Policy as the "worker rehire policy" to which Resolution No. 2020-034 refers. The recommended Policy seeks to balance the goals of protecting employees and allowing flexibility of District tenants to recover by setting forth an orderly, efficient, and fair process by which such employees may return to work and allow tenants to resume operations quickly and generate rent for the District to fulfill its Public Trust mission.
RECOMMENDATION:
Recommendation
Adopt a Resolution adopting Board of Port Commissioners Policy No. 779: Temporary Rent Deferral Program Rehire Policy.
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FISCAL IMPACT:
The recommended action does not have a direct fiscal impact on the District but is intended to assist in recovery of levels of rent paid to the District from tenants.
COMPASS STRATEGIC GOALS:
This agenda item supports the following Strategic Goal(s).
* A Port that the public understands and trusts.
* A vibrant waterfront destination where residents and visitors converge.
* A financially sustainable Port that drives job creation and regional economic vitality.
DISCUSSION:
On April 8, 2020, the Board of Port Commissioners (Board) adopted Resolution No. 2020-034, Resolution Establishing Temporary Rent Deferral Program for Qualifying Concession Tenants Allowing a Temporary Suspension of Minimum Rental Paymen...
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