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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 County Schools <br />LEA Code 130 School Code <br />School Northwest Area Elementaly School <br />Proposed Spending Plan <br />Administration cost /Bond issue costs (max 2 %) $ 39,600 <br />Design fees $ 257,400 <br />New construction cost $ 0 <br />Renovation cost $ 0 <br />Land cost 1,980,000 <br />Total project cost $ 2,777,000 <br />Amount of QSCB authority requested $ 2,777,000 <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 withi b m h and t remainder <br />must be spent within 3 years after the issue of QSCB bonds. Signad — f <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 9/01/2012 <br />Date of project start 2/0112013 <br />Estimated completion date $10112014 <br />Attachment number 3 <br />Date 3116112 <br />DSP Property Number (if known) <br />G -3 <br />Page 217 <br />