To replace old portable classrooms with new classrooms; construct a multipurpose school and community center for athletics and performing arts; renovate a library for school and community, shall the Cayucos Elementary School District be authorized to replace, renovate, acquire and construct school facilities and equipment and issue $4,950,000 in bonds at interest rates within the legal limit with no funds for administrator salaries and an appointed Independent Oversight Committee to monitor all bond expenditures?