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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 />Date 3- 16•-12 <br />LEA Code 130 School Code 317 DSP Property Number (if known) _ _ _ _ <br />School opportunity School Grades 9 - 12 <br />Proposed Spending Plan <br />Administration cost /Bond issue costs (max 2 %) $600 <br />Design fees $2.100 <br />New construction cost $0 <br />Renovation cost $ 33,000 <br />Land cost $0 <br />Total project cost $ 35,700 <br />Amount of QSCB authority requested $35,700 <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 rn S d the amder <br />must be spent within 3 years after the issue of QSCB bonds, Sig <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 9101/2012 <br />Date of project start 2/01/2013 <br />Estimated completion date 810112014 <br />Attachment number 3 <br />G -3 Page 220 <br />