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BUCEL~txkUN & CO. <br /> <br /> January 12, 1983 <br /> <br /> Howell's Child Care Center <br /> Cabarrus County, N. C. <br /> <br /> ESTIMATED USE OF BOND PROCEEDS <br /> <br />Land Costs $ 150,000 <br />Construction 2t700,000 <br />Site Work (Road) 100,000 <br />Legal 45,000 <br />Feasibility 25,000 <br />Printing 12,000 <br />Title and Recording 12,000 <br />Trustee fee's 7,000 <br />Miscellaneous (travel, etc.) 5,000 <br />Interest During Construction (12 mos.) 655,~55 <br />Debt Service Reserve (12 mos; 640,900 <br />Bond Discount 229,750 <br />Fiscal Advisor's Fee 229,750 <br /> <br /> Subtotal 4,812,055 <br />Less Interest Earned (217,055) <br />Total Bond Proceeds $4,595,000 <br /> <br /> 129 North Stat~ SJt~c~lP. O. Drawer 2131/Jackson, MS 39205/{601) 948-4100 <br /> <br /> I <br /> <br /> <br />