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C L O S IN G MEMO RAND U M <br />DATE: May 16, 2018 <br />TO: Working Group <br />FROM: Joe Niggel <br />Jonathan McCoy <br />RE: Cabarrus County, North Carolina <br />$54,680,000 Limited Obligation Bonds, Series 2018A <br />The pre-closing for the above -referenced transaction will be conducted at the offices of Nexsen <br />Pruet, PLLC, 227 West Trade Street, Suite 1550, Charlotte, North Carolina on Tuesday, May 15 <br />starting at 130 p.m. The transaction Will close in this same office beginning at 9:30 a.m. on <br />Wednesday, May 16, 2018, upon receipt of funds and release of the Bonds. <br />I. Sources and Uses of Funds: <br />Sources of Funds: <br />Series 2018A <br />Paz Amount <br />$54,680,000.00 <br />Total Sources of Funds: <br />$54,680,000.00 <br />Uses of Funds: <br />Elementary School <br />1128,911,578.00 <br />Advanced Tech Center <br />14,293,000.00 <br />School Mobile Units <br />2,095,676.00 <br />RCCC Land Purchase <br />1,586,000.00 <br />HVAC, JN Fries <br />3,011,267.00 <br />HVAC, MPHS <br />4,276,945.00 <br />Total Project Cost <br />54,174,466.00 <br />Cost of Issuance <br />505,534.00 <br />Total Uses of Funds: <br />$54,680,000.00 <br />Attachment number t \n <br />F-6 Page 348 <br />