SHALL CITY OF DURANGO DEBT BE INCREASED $17,585,000 WITH A REPAYMENT COST OF $30,338,000, WITHOUT IMPOSING ANY NEW TAX OR INCREASING ANY TAX RATE, FOR THE CONSTRUCTION OF FLORIDA ROAD IMPROVEMENTS, SUBJECT TO THE FOLLOWING LIMITATIONS:

• THE PROCEEDS RESULTING FROM THE DEBT SHALL BE USED TO FINANCE THE COSTS OF IMPROVEMENTS TO FLORIDA ROAD, INCLUDING BUT NOT LIMITED TO, PAVING, CURBS, GUTTERS, SIDEWALKS, BIKE LANES, PEDESTRIAN CROSSINGS, MEDIANS, LANDSCAPING, STREETLIGHTS. STORM DRAINS, FENCES, AND RELATED IMPROVEMENTS INCLUDING OTHER SAFETY IMPROVEMENTS, ANO TO PAY THE COST OF ISSUANCE OF THE DEBT, INCLUDING ANY NECESSARY RESERVES;

• WITHOUT IMPOSING ANY NEW TAX OR INCREASING ANY EXISTING TAXES, THE CITY MAY PLEDGE TO THE PAYMENT OF THE DEBT SALES AND USE TAX REVENUES, INVESTMENT INCOME, AND OTHER CITY REVENUES AS THE CITY COUNCIL MAY DETERMINE;

THE SPECIFIC TERMS OF SUCH DEBT SHALL BE DETERMINED BY THE CITY COUNCIL AS NECESSARY ANO PRUDENT ANO MAY INCLUDE A PROVISION FOR EARLY REPAYMENT WITH OR WITHOUT A PREMIUM OF NOT MORE THAN 3%; AND SHALL THE CITY BE AUTHORIZED TO ISSUE OEBT TO REFUND THE DEBT AUTHORIZED IN THIS QUESTION, PROVIDED THAT AFTER THE ISSUANCE OF SUCH REFUNDING DEBT THE TOTAL OUTSTANDING PRINCIPAL AMOUNT OF ALL DEBT ISSUED PURSUANT TO THIS QUESTION DOES NOT EXCEED THE MAXIMUM PRINCIPAL AMOUNT SET FORTH ABOVE. AND PROVIDED FURTHER THAT ALL DEBT ISSUEOBY THE CITY PURSUANT TO THIS QUESTION IS ISSUED ON TERMS THAT DO NOT EXCEED THE REPAYMENT COSTS AUTHORIZED IN THIS QUESTION?