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<br />5 <br />APPLICATION Approved: <br />PUBLIC SCHOOL BUILDING CAPITAL FUND <br />NORTH CAROLINA EDUCATION LOTTE-IRY Date: <br />Coun#y: Orange County Contact Person: <br />LEA: Chapel Hill-Carrboro City Schools- <br />Address: P.O. Box 8181, Hillsborough, NC <br />Title: <br />Phone <br />(919) 245-2453 <br />Project Title: FY 2011-12 Debt Service (2006 Private Placement) <br />Location: <br />Type of Facility: <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 Capital Fund in accordance <br />with G.S. 115C-546.2. Further, G.S. 115C-546:2 (d) has beer,-amended to include 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 construe#ion projects in local-school <br />administrative units and to retire indebtedness incurred for school construction projects~ <br />(5) A county may not use monies in this Fund to pay for schcol technology needs. <br />As used in this section, "Public School Buildings" shall include only facilities-for individual schools that <br />are used #or instructional-and related purposes; and does not include central administration, <br />maintenance, or ether facilities. Applications must be submitted within one year following the <br />date of final payment to the Contractor or Vendor. <br />Short description of Construction Project: Debt Service associated with 2006 Private Placement -issued <br />December 2006 for Carrboro High 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: July 2011 <br />839,629.00 <br />$ 839,629.00 <br />Est. Project Completion Date: June 2012 <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 hereby jointly request approval of the above <br />project, and request release of $ 839,629.00 from the Public School <br />Building Capital Fund (Lottery Distribution). We certify that the project herein described is within the <br />parameters of G.S. 115C-546. <br />(Signature -Chair, County Commissioners) <br />(Date) <br />(Signature -Chair, Board of Education) <br />Clarence Grier <br />Financial Services Director <br />(Date) <br />Form Date: July 01, 2011 <br />