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Public Schools of North Carolina <br />Qualified School Construction Bonds Program <br />PROPOSED SPENDING PLAN AND PROJECT S( <br />LEA Cabarrus County Schools Date `' <br />LEA Code i 3 o School Code _ 325 DSP Property Number (if <br />SCllool Baler Elementary School Grade <br />Proposed Spending Plan <br />Administration cost/Bond issue costs (max 2%) $ z7, 424 <br />Design fees $ llo, 917 <br />New construction cost $ 1,761,294 <br />Renovation cost $ ° <br />Land cost $ ° <br />Total project cost $ 1, ea9, 635 <br />Amount of QSCB authority requested $ 1, 889, 635 <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 withinmonths a d. a rema'nder ~i. <br />must be spent within 3 years after the issue of QSCB bonds. Signed~C: , ,. .( L`~ '~ ~'~ ti~~<• ~' `"`~ <br />1 <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 stmt February 29, 20D8 - design is complete now <br />Date of project start August 2009 <br />Estimated completion date March 2010 <br />Attachment number 1 <br />Page 137 of 315 <br />F-7 <br />