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4 <br />The construction schedule for Elementary # 11 is as follows: <br />Deconstruction -October 2011 through March 2012 <br />Construction -April 2012 through July 2013 <br />Opening =August 2013 <br />Although the official SAPFO- student enrollment numbers are not due until November <br />15, 2011 and may not be over the SAPFO limit, the-County plates to issue the financing <br />to construct the school in August 2012. The amount of the financing is expected to be <br />approximately $20,575,000. <br />The County will address the effects of the November -15 enrollments and subsequent <br />projec#ions with the SAPFO TAC later this year. <br />Clarence G. Grier, CPA, CITP <br />Financial Service Director <br />