To repair and modernize schools throughout the District including, but not limited to, replacing broken plumbing, repairing heating/electrical systems, rewiring classrooms to increase access to technology, repairing leaky roofs and upgrading science labs and to make the District eligible to receive State matching funds, shall Pacific Grove Unified School District issue $12 million of bonds at interest rates below the legal limit, so long as spending is annually reviewed by an independent citizens' oversight committee?