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Phase I and 11 Environmental impact study. (If necessary) After these critical examinations are completed the engineering team can provide recommendations to the university on those items that must be dealt with prior to renovation, demolition to existing facilities or erection of new construction. Phase 2: North Carolina Historic Preservation/National Register of Historic Sites July 2012 /June 2013 Staff would work with the Midland Town CounciUHistorical Commission to establish the campus as a historical site within their jurisdiction. Work would then begin on ensuring the necessary requirements are met in conjunction with local and state authorities to determine the eligibility of historical site designation. If the site is found to be of historical value as determined by the appropriate governing bodies then the university would begin the process for recognition; and seek the corresponding tax credits associate with historic renovation projects. Phase 3: Finance and Development — July 2012 - Ongoing After taking ownership of the property the university would launch a ten year five million dollar campaign to provide dollars towards the renovation and construction of the campus. The university has already secured private equity and commercial real estate financing counsel to facilitate this private investment. The university will additional seek capital loans and private partnerships, private investment, as well as assignment of ownership in the property, to provide the necessary capital to begin site development. Additionally, the university plans to make applications to foundations and corporations in support of this project. The university has already received a grant from the Wal -Mart Foundation towards its workforce development programs. A few examples of entities the university would submit application to are as follows: Z. Smith Reynolds Foundation Kate B. Reynolds Foundation Cannon Foundation Duke Endowment Burroughs Wellcome Fund WK Kellogg Foundation Lowes Charitable and Education Foundation In the area of charitable gifts the university has to date raised major dollars by way of in kind donations towards the Old Bethel School project. 7 The information contained in this document is privileged, proprietary, and intended solely for the purpose of the Woodson University bid for purchase of the Old Bethel School property. Be advised that any unauthorized use, dissemination, distribution, or copying of the information is strictly prohibited outside of requirements under North Carolina public document requests and normal proceedings of Cabarrus County governmental officials as related to the purchase of the Old Bethel School.