To permit Sausalito Marin City School District to finance construction/modernization of Martin Luther King, Jr. Academy, Bayside/Willow Creek modernization, replacement of Bayside School's kindergarten-first grade building; repair of inadequate electrical, heating, ventilation and plumbing; safety improvements, including upgrades to playgrounds and athletic fields; improvements to meet current building codes, improved accessibility, and technology upgrades; shall Sausalito Marin City School District issue $15,900,000 of bonds at interest rates within the legal limit, with a Citzens' Oversight Committee to audit expenditures?