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Public Schools of forth Carolina <br />Qualified School Construction Bonds Program (QSCB) <br />PROPOSED SPENDING PLAN AND PROJECT SCHEDULE <br />LEA Cabarrus County Schools <br />Date 3/16112 <br />LEA Code 130 School Code 318 DSP Property Number (if known) i _ ` <br />School CC Griffin Middle School Grades 6- 8 <br />Proposed Spending Plan <br />Administration cost/Bond issue costs (max 2 %) 4,400 <br />Design fees $15,400 <br />New construction cost $0 <br />Renovation cost $ 242,000 <br />Land cost $ 0 <br />Total project cost $ 261,800 <br />Amount of QSCB authority requested $261,800 <br />Other sources of funding and amounts for overall project NONE <br />(Note: Funds and reporting are NOT allowed to be comingled) <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 6_mo d tie ainder <br />must be spent within 3 years after the issue of QSCB bonds. Sig d [ <br />Provide a written explanation clearly showing the means by which the district intends to repay <br />the bond pri cipal upon maturity. <br />Proposed Project Schedule <br />Date of design start 9/01/2012 <br />Date of project start 2/01/2013 <br />Estimated completion date 8101/2014 <br />Attachment number 2 <br />G -3 Page 178 <br />