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ORDINANCE NO. 1841 SERIES 2022 AN EMERGENCY ORDINANCE EXEMPTING CONSTRUCTION MATERIALS FROM THE CITY'S USE TAX FOR BUILDING PERMITS ISSUED FOR RECONSTRUCTION OF HOMES DAMAGED OR DESTROYED IN THE MARSHALL FIRE BURN AREA WHEREAS, on December 30, 2021, the Marshall Fire ignited and quickly spread to the City of Louisville, resulting in severe damage or total loss of almost six hundred (600) structures within the City of Louisville, most of them residential homes; and WHEREAS, also on December 30, 2021, the Mayor of the City of Louisville, pursuant to Chapter 2.32 of the Louisville Municipal Code and C.R.S. § 24-33.5-709, executed a Declaration of Local Disaster Emergency in and for the City of Louisville, which Declaration was thereafter continued in effect by resolution of the City Council, and the Governor of the State of Colorado issued a Declaration of Statewide Emergency in response to the Marshall Fire; and WHEREAS, on January 1, 2022, President Joseph R. Biden approved a Major Disaster Declaration for the Event (DR-4634-CO) beginning on December 30, 2021 and continuing thereafter; and WHEREAS, the structures damaged and destroyed by the Marshall Fire comprise significant portions of several residential subdivisions within the City; and WHEREAS, pursuant to Sections 3.20.300 and 3.20.305 of the Louisville Municipal Code, the City imposes a use tax on construction and building materials; and WHEREAS, pursuant to Section 3.20.330 of the Louisville Municipal Code, the use tax for construction and building materials is determined based on fifty percent (50%) of the estimated general contract costs and fifty percent (50%) of the estimated mechanical contract costs, which is deemed to be the purchase price of such construction and building materials; and WHEREAS, also pursuant to Section 3.20.330 of the Louisville Municipal Code, the full amount of the use tax is collected prior to issuance of a building permit; and WHEREAS, many of the City's residents affected by the Marshall Fire have learned they may be significantly underinsured and will thus face financial hardships rebuilding their fire - damaged homes; and WHEREAS, the City Council finds that rebuilding of homes lost to the Marshall Fire is essential to maintaining the fabric of the community, and that providing a use tax exemption for homeowners affected by the Marshall Fire who are underinsured will help those residents return to the City; and Ordinance No. 1841, Series 2022 Page 1 of 4