To renovate and expand the City's parks and recreation facilities, shall the City of Menlo Park be authorized to issue $38,000,000 in General Obligation Bonds phased over several years for construction, acquisition, and improvement of such facilities and all costs incident thereto; provided, that at the time any bond is issued, the highest tax rate required to service all bonds authorized by this measure and issued shall not be in excess of $14 per $100,000 in assessed value?