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4401 Old Airport Road <br />Concord, NC 28025 <br />PO Box 388 <br />Concord, NC 28026.0388 <br />ART Cabarrus <br />AVCounty Schools <br />A# F <br />October 3, 2011 <br />Cabarrus County <br />Board of Commissioners <br />P. O. Box 707 <br />Concord, NC 28026 -0707 <br />Dear Board of Commissioners: <br />704.786.6191 <br />704.786.6141 fax <br />Due to the rising construction costs, Qualified School Construction Bond (QSCB) projects are <br />coming in over budget. The Board of Education prioritized the list to determine project <br />scheduling based on funding availability. Currently, Cabarrus County applies sales tax refunds <br />and unspent proceeds towards the annual debt payment of the principal. <br />The Board of Education respectfully requests that Cabarrus County reconsider the current <br />practice and apply the sales tax refund to QSCB projects in order to offset these considerable <br />price increases. We feel this is one possible solution toward completing the QSCB project list. <br />Your cooperation and consideration are appreciated. <br />Respect , <br />4 <br />Hot y E. Blackwelder <br />Board Chair <br />Copy to: <br />Mrs. Pam Dubois, Cabarrus County Deputy County Manager <br />Ms. Kelly H. Kluttz, Cabarrus County Schools Finance Officer <br />Mr. Len Witke, Director of Facilities Management <br />Attachment number 1 <br />G -1 Page 106 <br />