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BUSINESS ASSISTANCE AGREEMENT FOR JUMPCLOUD, INC IN THE <br />CITY OF LOUISVILLE <br />/IS AGREEMENT ("Agreement") is made and entered into as of the <br />l day of tine , 2019, between the CITY OF <br />LOUISVILLE, a Colorado home rule municipal corporation (the "City"), and <br />JUMPCLOUD, INC (the "Company"), a Delaware corporation <br />WHEREAS, the City wishes to provide certain business assistance in <br />connection with tenant improvements associated with Company's headquarters <br />location for the Company's operations (the "Project") at 361 Centennial Parkway, <br />Louisville, Colorado (the "Project Location"), and <br />WHEREAS, Company intends to relocate their headquarters and make <br />tenant improvements within an existing building at the Project Location for their <br />expanded operations, and <br />WHEREAS, Company plans for the Project to generate new quality jobs <br />within the City; and <br />WHEREAS, City Council finds the execution of this Agreement will serve <br />to provide benefit and advance the public interest and welfare of the City and its <br />citizens by securing this economic development project within the City <br />NOW THEREFORE, in consideration of the mutual promises set forth <br />below, the City and Company agree as follows <br />1 Building Permit Fee Rebates The City shall rebate to Company 50% of <br />the building related permit fees for the Project, required under Louisville <br />Municipal Code, section 15 04 050 and section 108 2 of the International <br />Building Code as adopted by the City for the Project, for the period from <br />execution of this Agreement and ending December 31, 2019 <br />2 Use Tax Rebate -Construction The City shall rebate to Company 50% of <br />the Construction Use Tax on the building materials for the Project, <br />required under Louisville Municipal Code, section 3 20 300, excluding all <br />revenues from the open space tax, historic preservation tax and recreation <br />center tax for the Project, for the period from execution of this Agreement <br />and ending December 31, 2019 <br />3 Payment of Rebates, Cap, Inspection The maximum amount of the <br />rebates payable pursuant to Sections 1 and 2 above shall in no event <br />exceed the calculation of 50% of the fees or taxes described in Sections 1 <br />and 2 paid to the City, and a not to exceed cap of twenty thousand dollars <br />($20,000) The building permit fee and construction use tax rebates shall <br />be paid by the City within 120 days following issuance of the certificate of <br />Page 1 of 5 <br />