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LEA <br />Public Schools of North Carolina <br />Qualified School Construction Bonds Program (QSCB) <br />PROPOSED SPENDING PLAN AND PROJECT SCHEDULE <br />Cabarrus County Schools Date July 30, 2009 <br />New school re uest <br />LEA Code i 3 o Schoo[ Code ~ N/A DS~' Property Number (if known) <br />SC}lool New Northwest Area Elementary School Grades K-5 <br />Proposed Spendin~~Plan <br />Administration cost/Bond issue costs (max 2%) $ 65, 976 <br />Design fees $ 1,120, s95 <br />New construction cost $ 1s, 361, 075 <br />Renovation cost $ ° <br />Land cost $ 1, 625, o00 <br />Total project cost $ 21, 172, 646 <br />21,172,646 <br />Amount of QSCB authority requested $ <br />****** Please see attached projected budget for new school ***** <br />Other sources of funding and amounts for overall project $ requesting funds for entire <br />(Note: Funds and reporting are NOT allowed to be comingled} project if available <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 • onths d~e remai~}der <br />must be spent within 3 years after the issue of QSCB bonds. Signed • ~ c ~~~ / `:_~4"' /117<< c;. l~~ ~ ~'~ <br />Provide a written explanation clearly showing the means by which the district intends ko repay <br />the bond principal upon maturity. <br />Proposed Proiect_Schedule <br />Date of design start December 2009 <br />Date of project start September zolo <br />Estimated completion date January 2012 <br />Attachment number 1 <br />Page 132 of 315 <br />F-7 <br />