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<br />(d) Pursuant to Section 29-2-112, C.R.S.,any municipality which has pledged <br />sales tax revenues solely for capital improvement purposes and has created a sales tax capital <br />improvement fund may, in anticipation of collection of sales tax revenues, issue revenue bonds <br />payable solely from the fund for the purpose of fInancing capital improvements. <br />(e) Such revenue bonds may be authorized by ordinance of the municipality <br />without further election. <br />(f) The City has heretofore issued the 1989 Bonds for capital improvement <br />purposes in the original aggregate principal amount of $5,265,000, of which $5,01O,OOOremains <br />outstanding, bearing interest at the rates designated below, payable semiannually on May 15 <br />and November 15 each year, and maturing on November 15 in each of the years and <br />amounts as follows: <br /> <br />- 9 - <br />