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until the City determines to develop and utilize its own address database, or can provide an electronic file of its addresses so that the compliance of database providers can be verified and sustained, and WHEREAS, the latest approved 24 month suspension will expire September 16, 2017, the City has not yet developed its own address database, and the City is unable to provide an electronic file of its addresses in order to venfy the accuracy of the provider's data, and WHEREAS, the City is currently working to develop addressing data for implementation and use with the City's new enterpnse resource planning software, and WHEREAS, the City expects this data to be available within the next 24 months, and such data would allow the City to provide an electronic file for retailers to use for tax compliance; and WHEREAS, the Finance Director of the City of Louisville has proposed the following regulation be adopted. 1. That Subsection 3.20.414.8 of the Louisville Municipal Code be suspended for an additional 24 months effective as of the date of this Resolution. 2. That the period of such extended suspension shall be for 24 months from the date of this Resolution, unless otherwise provided by subsequent regulation approved by City Council resolution. 3. That during such period of suspension, the hold -harmless provision of said Subsection 3.20 414 B shall not apply 4. That nothing in this regulation shall affect the authority of the City, in its discretion, to repeal or amend all or any provisions of Section 3.20.414 B, or to develop, utilize and require use of a City address database NOW THEREFORE, BE IT RESOLVED that the City Council of the City of Louisville, Colorado, does hereby approve the extension of suspension of Ordinance No. 1534, Section 3.20 412 of the Louisville Municipal Code (LMC), subject to the above conditions. A By. ..)W'i° Robert P. Muckle, yor Resolution No 50, Series 2017 Page 1 of 2 2.