To provide all students, including charter school students, with healthy, safe modern and educationally appropriate facilities, shall the Arena Union Elementary School District issue $3,700,000 in bonds at interest rates within the legal limit, to finance a districtwide elementary school facility in Gualala, convert the existing Arena School into a Middle School, and qualify for State Construction Grants, subject to annual independent audits and a citizen's Oversight Committee to monitor expenditures, with no funds spent on District Administrator salaries?