To make repairs/upgrades and improvements to serve the children from Elm, Pine and Home Street Schools including construction of a new cafeteria/multipurpose building, a new permanent classroom building on the Home Street Middle School campus, general renovation of all schools, installation of the wires and cabling needed to support classroom computers, shall the Bishop Union Elementary School District issue $3,100,000 of bonds at an aggregate interest rate not to exceed 7.5%?