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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 Kannapolis City Schools Date 5-10-10 <br />LEA Code?- 3 ? School Code 3 ? 9 DSP Property Number (if known) _ _ <br />School Kannapolis Intermediate School Grades 5-6 <br />Proposed Spending Plan <br />Administration cost/Bond issue costs (max 2%) $ 2 7, 0 0 0 <br />Design fees $ 216 , 0 0 0 <br />New construction cost $ <br />Renovation cost $ 2, 4 5 7, 0 0 0 <br />Land cost $ <br />Total project cost $ 2, 7 0 0, 0 0 0 <br />Amount of QSCB authority requested $ 2, 7 0 0, 0 0 0 <br />Other sources of funding and amounts for overall project <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 mgnths and the remainder ~ <br />must be spent within 3 years after the issue of QSCB bonds. Signed , ~~~;,.~,./ j~j . ,/; ,~ t~;%'~t.%~; <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 7 -1-10 <br />Date of project start 9 -1- l 0 <br />Estimated completion date 9 -1-11 <br />G-3 Page 101 <br />