To repair, modernize and construct school facilities and remove safety hazards, shall the Peninsula Union Elementary School District incur bonded indebtedness of $1,080,000 at interest rates within legal limits, for purposes including: 1. Modernizing schools for computer technology including a new library/media center; 2. Removing asbestos, repairing roofs and improving earthquake safety; 3. Improving playgrounds; 4. Upgrading security, fire, and safety systems including outdoor lighting and; 5. Building a meeting room for community school use.