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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 cabarrus County Schools Date July 30, zoo9 <br />LEA Code i 3 o School Code various DSP Property Number (if known) - _ _ _ <br />School 13 schools for exhausts / 4 schools for fryers Grades K-12 <br />Pro osed Spending <br />Administration costBond issue costs (max 2%) $ <br />Design fees $ <br />New construction cost $ <br />c <br />Renovation cost $ e 3 0 , 13 0 <br />Land cost $ <br />c <br />Total project cost $ s3o,13o <br />Amount of QSCB authority requested $ 830,130 <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 <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 n/a <br />Date of project start November zoo9 <br />Estimated completion date <br />June 2010 <br />Attachment number 1 <br />Page 139 of 315 <br />F-7 <br />1 <br />