within fourteen (14) days receipt of suchTaxRevenues by theCity. In the event, and to
the extent that Riverside fails to provide theCitywith such tax returns, proof of payment
and any necessary releases of information, theCity shall not be obligatedunder this
Agreement tomake payments toRiverside. TheCity, except as otherwise required by
law, shall keep all information provided to it pursuant to the terms of thisAgreement,
confidential between it andRiverside and shall not divulge any of said information
without the priorwritten approval ofRiverside and shall use such information only for
the purpose of thisAgreement. Copies of all retailers occupation tax returns filedwith
the IllinoisDepartment ofRevenue and reasonable evidence of payment shall be
submitted byRiverside to theCity. To supplement this informationRiverside agrees to
provide all authorization required of it to the IllinoisDepartment ofRevenue in order to
cause the IllinoisDepartment ofRevenue to release to theCity all information contained
on said returns, including, but not limited to, the amount of taxes paid byRiverside.
IV.
OTHERSUPPORT
As additional support to completion of the Improvements, theCity agrees to
waiveFifty-Percent (50%) of any permit, water and sewer tap on fees. Riverside
agrees to pay any applicable inspection fees.
V.
FURTHERCOOPERATION
The parties agree to take such actions, and execute and deliver such additional
documents, instruments, petitions, ordinances, resolutions, and certifications as
may reasonably be necessary or appropriate to carry out the terms, provisions and
intent of thisAgreement.
VI.
AUTHORITY
A.
The execution, delivery and performance of thisAgreement has been
duly and validly authorized by all necessary action on the part of theCity’s
corporate authority. ThisAgreement is a legal, valid and binding obligation
of theCity enforceable against theCity in accordancewith its terms except to
the extent that any and all financial obligations of theCity under this
Agreement shall be limited to the availability of TaxRevenues.
B. Riverside has full power and authority to execute and deliver this
Agreement and to perform all of its obligations and undertakingwith respect
to thisAgreement.
