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Application for State Public School Building Capital Funds and NC Education Lottery Monies
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Application for State Public School Building Capital Funds and NC Education Lottery Monies
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Last modified
5/3/2011 3:54:59 PM
Creation date
5/20/2010 12:03:55 PM
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BOCC
Date
5/15/2007
Meeting Type
Regular Meeting
Document Type
Others
Agenda Item
4h
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Agenda - 05-15-2007-4i
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\Board of County Commissioners\BOCC Agendas\2000's\2007\Agenda - 05-15-2007
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APPLICATION Approved: Orange Co. Board of =Education <br />PUBLIC SCHOOL BUILDING CAPITAL FUND <br />NORTH CAROLINA EDUCATION LOTTERY Date: May 7, 2007 <br />county: Orange contact Person: Donna Coffey ` <br />LEA: Orange County Schools Title: Budget Director <br />Address: P.O. Box 8181, Hillsborough, NC 27243 Phone: 919-245-2151 <br />Project Title: 2006-07 Debt Service -Gravelly Hill Middle School <br />Location: Efland, NC <br />Type of Facility: Middle School <br />North Carolina General Statutes, Chapter 18C, provides that a portion of the proceeds of the North <br />Carolina State Lottery Fund be transferred to the Public School Building Capltai Fund in accordance <br />with G.S. 115C-546.2. Further, G.S. 115C-546.2 (d) has been amended to lnciude the following: <br />(3) No county shall have to provide matching funds:.. <br />(4) A county may use monies In this Fund to pay for school construction projects in local school <br />administrative units and to retire indebtedness incurred for school conshuction projects Incurred on or <br />after January 1, 2003. <br />(5) A county may not use monies in this Fund to pay for school technology needs. <br />As used in this section, "Public School Buildings" shall include only facilities for individual schools that <br />are used for Instructional and related purposes, and 'does not lnciude central administration, <br />maintenance, or other facilities. <br />Short description of Construction Project: Fiscal year 2006-07 debt service payment associated with <br />General Obligation bond financing to construct Gravelly Hill Middle School <br />Estimated Costs: <br />Purchase of Land <br />Planning and Design Services <br />New. Construction <br />Additions /Renovations _ <br />Repair <br />Debt Payment (Bond Payment <br />TOTAL <br />Estimated Project Beginning Date: <br />976,712.00 <br />$ 976,712.00 <br />Est. Project Completion Date: <br />We, the undersigned, agree to submit a statement of state monies expended for this project within 60 <br />days following completion of the project. <br />The County Commissioners and the Board of Education do herebyjolntly request approval of the above <br />project, and request release of $ 976,712.00 from the Public School <br />Building Capital Fund (Lottery Dis utlon). We certify that the project herein described ~is within the <br />parameterssfG.S.115C-546 , <br />~~ <br />-Chair, County <br />=i0_J <br />-Chair, Board o~ducation) <br />Form Date: Sept t, 2006 <br />
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