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Public Schools of North Carolina <br />Qualified School Construction Bonds Program (QSCB) <br />PROPOSED SPENDING PLANT AND PROJECT SCHEDULE <br />LEA Cabarrus County Schools <br />Date 3116/12 <br />LEA Code 130 School Code 331,308, 318 DSP Property Number (if known) <br />School Various Schools - Pitt School Road Elementary School (331.), Bethel Elementary <br />School (308), CC Griffin Middle School (318) Grades K - 8 <br />Proposed Spending <br />Administration cost /Bond issue costs (max 2 %) $ 1,500 <br />Design fees $ 9,750 <br />New construction cost $ 0 <br />Renovation cost $ 82,500 <br />Land cost $_0 <br />Total project cost $ 93350 <br />Amount of QSCB authority requested $ 93,750 <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 %fl of the funds must be made within G mn an e remainder <br />must be spent within 3 years after the issue of QSCB bonds. Signed "�-r!_. <br />Provide a written explanation clearly showing the means by which the district intends to repay <br />the bond principal upon maturity. <br />Proposed Proiect Schedule <br />Date of design start 9/01/2012 <br />Date of project start 2/01/2013 <br />Estimated completion date 8/0112014 <br />Attachment number 3 <br />G -3 Page 223 <br />