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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 <br />LEA Code 1 3 2 School Code 3 3 6 <br />Date 5-10-10 <br />DSP Property Number (if known) _ _ <br />School Woodrow Wilson Elementary School <br />Proposed Spending Plan <br />Administration costBond issue costs (max 2%) $ 900 <br />Design fees $ ~ ~ 2 0 0 <br />New construction cost $ <br />Renovation cost $ 81, 9 0 0 <br />Land cost $ <br />Tota] project cost $ 9 0, 0 0 0 <br />Amount of QSCB authority requested $ 9 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 ma the and the remainder <br />must be spent within 3 years after the issue of QSCB bonds. Signed :,~".~~~~~.~~.,- ,~'`'-mac ~%.~`,~~~ <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 ~ -1-10 <br />Date of project start ~ - 3 0 - l 0 <br />Estimated completion date 9 -1-11 <br />Grades K- 4 <br />G-3 Page 105 <br />