PHASE I CONSTRUCTION TIMELINE

PROJECT TIMELINE

Site Selected

Pre-Construction, Due Diligence & Permitting Begins

Site Plan & Campus Design Completed

Land Acquisition & Bond Financing Completed

Pre-Construction & Permitting

Construction Begins (Offsite)

Ground Breaking (Onsite)/ Site Construction to Begin

Vertical Construction Begins

Certificate of Occupancy

Official Ribbon Cutting & First Day of School

August 2016

December 2016

March 2017

April 2017

Summer 2017

September 2017

October 2017

January 2018

June 2018

August 2018

Construction Items Date Completed

PHASE I, II AND III PROJECT BUDGET

PROJECT BUDGET

Land Acquisition costs

Architectural & Construction, Prof Fees – Phase I (Classrooms & Admin)

Architectural & Construction, Prof Fees – Phase I (Gymnasium & Field)

Architectural & Construction, Prof Fees – Phase II (Performing Arts)

Architectural & Construction, Prof Fees – Phase III (Final Classrooms)

Furniture, Fixtures & Equipment

Remobilization costs

Financial Requirements

Phase II

$2.4 million

Phase III

$3.4 million

Total

$19.7 million

Phase I

$13.9 million(“all in”) Project Costs

$1.8 million $1.8 million

$9.1 million $9.1 million

$2.0 million $2.0 million

$1.9 million $1.9 million

$1.0 million $0.4 million $1.4 million

$2.5 million $2.5 million

$0.5 million $0.5 million $1.0 million