QUESTION 2A: AUTHORIZATION TO EXTEND THE CITY’S ONE HALF OF ONE PERCENT SALES AND USE TAX FOR OPEN SPACE, PARKS AND TRAILS, AND RESTRICTED CAPITAL IMPROVEMENTS, IN ORDER TO INCUR DEBT TO FINANCE THE CONSTRUCTION OF A NEW CITY HALL AND POLICE FACILITY.

WITHOUT IMPOSING ANY NEW TAX OR INCREASING ANY TAX RATE, SHALL THE ONE-HALF OF ONE PERCENT SALES AND USE TAX (ONE-HALF CENT FOR EACH DOLLAR OF PURCHASE) APPROVED BY THE VOTERS IN 2005 CONTINUE TO BE COLLECTED UNTIL DECEMBER 31, 2056, WITH THE TAX PROCEEDS TO CONTINUE TO BE UTILIZED AND DIVIDED IN THE FOLLOWING MANNER:

• FIFTY PERCENT TO FINANCE THE ACQUISITION AND MAINTENANCE OF LAND PARCELS FOR THE PURPOSE OF PUBLIC PARKS, OPEN SPACE PRESERVATION, NATURAL RESOURCE PROTECTION, AND RECREATIONAL PURSUITS, INCLUDING BUT NOT LIMITED TO SUCH PROJECTS AS THE ANIMAS RIVER TRAIL AND SOFT SURFACE TRAIL SYSTEM EXPANSION AND ONGOING FACILITATION OF THE ANIMAS RIVER CORRIDOR MANAGEMENT PLAN; AND OTHER PROJECTS PRIORITIZED BY THE PARKS, OPEN SPACE, TRAILS, AND RECREATION MASTER PLAN, SUCH AS DEVELOPMENT OF DEDICATED PARKLAND, TRAILS AND AMENITIES WITHIN DURANGO MESA PARK AREA (WITH ALL ASSOCIATED PROJECT EXPENDITURES BEING FIRST SUBMITTED TO A CITIZEN ADVISORY BOARD FOR A RECOMMENDATION TO THE CITY COUNCIL);
•  FIFTY PERCENT TO FINANCE CAPITAL IMPROVEMENTS, INCLUDING THE PAYMENT OF THE DEBT AUTHORIZED BY THIS QUESTION; AND SHALL THE CITY OF DURANGO DEBT BE INCREASED $61 MILLION, WITH A REPAYMENT COST OF $123 MILLION FOR THE PURPOSE OF FINANCING THE RESTORATION AND EQUIPPING OF THE HISTORIC DURANGO HIGH SCHOOL BUILDING AND ADJACENT FACILITIES FOR USE AS A NEW CITY HALL AND NEW POLICE FACILITY, AND TO PAY THE COST OF THE ISSUANCE OF SUCH DEBT AND THE FUNDING OF ANY NECESSARY RESERVES, WITH THE SPECIFIC TERMS OF SUCH DEBT BEING DETERMINED BY THE CITY AS NECESSARY AND PRUDENT INCLUDING THE PLEDGE TO THE PAYMENT OF THIS DEBT OF ANY LEGALLY AVAILABLE REVENUE OF THE CITY AND A PROVISION FOR EARLY REPAYMENT WITH OR WITHOUT A PREMIUM OF NOT MORE THAN 3%; AND SHALL THE CITY BE AUTHORIZED TO ISSUE DEBT TO REFUND THE DEBT AUTHORIZED IN THIS QUESTION, PROVIDED FURTHER THAT ALL DEBT ISSUED BY THE CITY PURSUANT TO THIS QUESTION IS ISSUED ON TERMS THAT DO NOT EXCEED THE REPAYMENT COSTS AUTHORIZED IN THIS QUESTION; AND SHALL THE EARNINGS FROM THE INVESTMENT OF SUCH BOND PROCEEDS MAY BE COLLECTED, RETAINED AND SPENT AS A VOTER APPROVED REVENUE CHANGE UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION AND ANY OTHER REVENUE LIMITATIONS CONTAINED IN THE LAWS OF THE STATE?