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Public Schools of North Carolina <br />Qualified School Construction Bonds Program (QSCB) <br />PROPOSED SPENDING PLAN AND PROJECT SCHEDULE <br />LEA Cabarrus Countv Schools Date 3/16/12 <br />LEA Code 130 School Code 309 DSP Property Number (if known) _ <br />School Beverly Hills Elementary School <br />Proposed Spending Plan <br />Administration cost /Bond issue costs (max 2%) 1_0 <br />Design fees $ 0 <br />New construction Cost $ 0 <br />Renovation cost $343,200 <br />Land cost $0 <br />Total project cost $343,200 <br />Amount of QSCB authority requested $343,200 <br />Other sources of funding and amounts for overall project NONE <br />(Note: Funds and reporting are NOT allowed to be comingled) <br />Grades K .. 5 <br />To comply with the Federal QSCB requirements, we understand that a commitment in the form <br />of contracts for the work for 10% of the funds must be made within moh r mainder <br />must be spent within 3 years after the issue of QSCB bonds. Sign <br />Provide a written explanation clearly showing the means by which the district intends to repay <br />the bond principal upon maturity. <br />Proposed Project Schedule <br />Date of design start Completed <br />Date of project start 1110112012 <br />Estimated completion date 3/01/2013 <br />Attachment number 2 <br />G -3 Page 175 <br />