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construction, operation and maintenance of such open <br />space zones, trails, wildlife habitats, and wetlands and <br />pa*s. <br />2. one-half of such revenues shall be used for acquisition <br />of land in and around the city for parks; and for the <br />development, construction, operation and <br />maintenance of parks. <br />D. Section 3.20.600 of the Louisville Municipal Code is hereby amended <br />by the addition of a new subsection F to read as follows: <br />Sec. 3.20.600. Sales tax —Capital improvement fund. <br />F. Revenues from the 0.125 percent sales tax imposed for the <br />ten-year period beginning January 1, 2024, approved at the November 7, <br />2023 election, shall be used exclusively for open space acquisition, <br />restoration, preservation, protection, and maintenance, and mitigation of <br />wildfires in open space areas. <br />E. Section 3.20.610 of the Louisville Municipal Code is hereby amended <br />by the addition of a new subsection C.5 to read as follows: <br />Sec. 3.20.610 Use tax — Uses of specified revenues. <br />C.S. Revenues from the 0.125 percent use tax imposed for the ten- <br />year period beginning on January 1, 2024, approved at the November 7, <br />2023 election, shall be used exclusively for open space acquisition, <br />restoration, preservation, protection, and maintenance, and mitigation of <br />wildfires in open space areas. <br />F. Section 3.20.610.E of the Louisville Municipal Code is hereby amended <br />to read as follows (words added are underlined; words deleted are StFiGken <br />fib) <br />Sec. 3.20.610. Use tax — Uses of specified revenues. <br />E. Except for those revenues subject to subsection A, B1 and C <br />and C.5 of this section, the City Council shall have the authority by <br />resolution to waive or reduce the amount of the use tax otherwise due and <br />payable to the City pursuant to Section 3.20.300 and to enter into <br />agreements for the sharing or crediting of revenues from the tax imposed <br />by said 3.20.300, if City Council determines that such waiver, reduction, <br />sharing or credit is in furtherance of a public purpose and the best interests <br />of the City. <br />Ordinance No. 1856, Series 2023 <br />Page 5 of 8 <br />