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<br />assessments for special benefits, such as sidewalks, street pavings, and similar improvements and <br /> <br />occupational license taxes) levied or imposed by the City upon the Company. The annual payment <br /> <br />shall be made to the City for each year that the permission granted herein is in effect and shall be <br /> <br /> <br />made to the City in four installments. The ftrst, second and third installments of the annual payment <br /> <br /> <br />shall be based upon the gross receipts for the first, second and third quarters, respectively, of the <br /> <br /> <br />fiscal year and shall be made no later than sixty (60) days following the end of these periods. The <br /> <br /> <br />fourth installment of the annual payment shall be made no later than sixty (60) days following the end <br /> <br /> <br />of such fiscal year, and shall be based upon such gross receipts for the fiscal year but shall be adjusted <br /> <br /> <br />to reflect payment of the first three installments and any credits not previously taken. For purposes <br /> <br />of this payment, such fiscal year shall end on the anruversary of the last day of the month in which <br /> <br />the ordinance becomes effective. The first such payment shall be based upon receipts for the first <br /> <br /> <br />quarter of the fiscal year and shall be made within sixty (60) days following the end of the first <br /> <br /> <br />quarter. Payments shall be payable to the City of Sunny Isles Beach, Attention: Finance Department, <br /> <br /> <br />during regular business hours of the City. <br /> <br /> <br />Section 4. Review of Billing Records. If the City wishes to verify the payments to <br /> <br /> <br />the City under this Ordinance, the Company shall permit the City or a designated representative of <br /> <br /> <br />the City, upon reasonable advance written notice, to review the Company's billing and payment <br /> <br /> <br />records, upon which the payments were based, during normal business hours at the location of the <br /> <br /> <br />Company where such records are maintained. However, no Company records may be taken from the <br /> <br /> <br />Company's premises, and the City shall maintain the confidentiality of the information disclosed in <br /> <br /> <br />these records and use the information solely for the purposes of verifying payments by the Company. <br /> <br /> <br />Such Company records shall be maintained by the Company for the period prescribed by the Federal <br /> <br />Communications Commission and/or the Florida Public Service Commission. <br /> <br />0RD9S-11 <br /> <br />-3- <br />