To attract and retain highly qualified teachers, develop technology instruction for students, continue to offer specialized programs and maintain small classes, shall the Burlingame School District be authorized to impose a replacement qualified special tax at a rate of $365.00 per year beginning 7/1/2001, adjusted annually by changes in the Consumer Price Index, to increase the District's appropriations limit accordingly, with exemptions for parcels owned and occupied by persons 65 years of age and older.