To alleviate overcrowding, related health, safety and educational shortcomings at Cambria Grammar School due to enrollment that exceeds capacity, shall Coast Unified School District be authorized to incur bonded indebtedness of $12,700,000 at legal interest rates to purchase property and construct classrooms, restrooms, a multipurpose room/cafeteria, library/technology center, music/art room and student support services areas? A Citizens' Oversight Committee will monitor and review independent audit of bond expenditures, and give annual reports to the public.