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School Issues -COPS 2008
<br />September 24, 2007
<br />County Prefunded - No Reimbursement to be requested
<br />Refinance Loan for Land and Site Development:
<br />New High School Cost:
<br />Construction
<br />Site Development
<br />Engineering
<br />Architect
<br />FFE & Technology
<br />Contingency
<br />Land
<br />Right of Ways
<br />Subtotal
<br />Legal fees -Closing cost for debt
<br />Subtotal
<br />Refinance Installment Contract for Land and Site Development
<br />Subtotal, cost associated with New High School Project
<br />Additional Request:
<br />Kannapolis City Schools:
<br />Land Purchase for New School
<br />ArchitecUEngineering for AL Brown School Wing Addition
<br />ArchitecUEngineering for AL Brown Vocational Bidg Renovation
<br />Total -Kannapolis City Schools Request
<br />Cabarrus County Schools:
<br />ATA Replacement -East of Rt. 601 (25 acres)
<br />Middle -Southwest
<br />Middle -Southwest (Site development)
<br />Lower Rocky River Area Elem (20 acres)
<br />Northwest Elem (Odell Area) (25 acres)
<br />Renovation & Addition to Mt. Pleasant Middle School
<br />Total -Cabarrus County Schools Request
<br />Total Request for Funds
<br />Less Lottery Proceeds:
<br />Kannapolis share
<br />Cabarrus share
<br />Less Adequate Public Facility Fees:
<br />Cabarrus share
<br />Amount Projected to be Financed
<br />925,000
<br />7,305,000 Site development cost 2,000,000
<br /> Land 4,700,000
<br /> Contingency 555,000
<br /> Closing cost 50,000
<br /> 7, 305, 000
<br />
<br />Estimated Already Funded Funds Needed
<br />37,922,554 37,922,554
<br />2,000,000 2,000,000 -
<br />379,076 125,000 254,076
<br />2,229,000 700,000 1,529,000
<br />3,600,000 - 3,600,000
<br />1,137,227 555,000 582,227
<br />4,771,834 4,800,000 (28,166)
<br />110, 000 110, 000
<br />52,149,691 8,180,000 43,969,691
<br />1,891,275 50,000 1,841,275
<br />54,040,966 8,230,000 45,810,966
<br />Land
<br />1, 378,125
<br />1,400,000
<br />2,500,000
<br />7,305,000
<br />53,115,966
<br />2,850,000
<br />726,448
<br />246,695
<br />3,823,143
<br />ArchitecUEngineering
<br />1, 361,544
<br />2,457,277
<br />1, 359,253
<br />1,068, 312
<br />1, 300,000
<br />2,739,669
<br />2,457,277
<br />1, 800, 000
<br />2,759,253
<br />3, 568, 312
<br />1, 300, 000
<br />14,624,511
<br />71,583,620
<br />(465,000)
<br />(3,270,000)
<br />(1,000, 000)
<br />$ 86,828,820
<br />G -g
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