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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 i 3 ? School Code 3 ~ 8 DSP Property Number (if known) _ _ _ _ <br />School Forest Park Elementary Grades K-4 <br />Proposed Spending Plan <br />Administration costBond issue costs (max 2%) $ 1, 2 5 0 <br />Design fees $ 10 , 0 0 0 <br />New construction cost $ <br />Renovation cost $ 113 , 7 5 0 <br />Land cost $ <br />Total project cost $ 12 5 , 0 0 0 <br />Amount of QSCB authority requested $ 12 5 , 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 months and the remainder <br />must be spent within 3 years after the issue of QSCB bonds. Signed _ ;~'(.~ c ~.t.f x~f j l -1~.~.c:~`e~.~.• <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 ~ -1-10 <br />Date of project start ~ - 3 0 -10 <br />Estimated completion date 9 -1-11 <br />Date 5-10-10 <br />G-3 Page 117 <br />