S Application Public School Building Capital Fund NC Education Lottery $304,880

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I APPLICATION Approved: PUBLIC SCHOOL BUILDING CAPITAL FUND NORTH CAROLINA EDUCATION LOTTERY Date: County: Orange County Clarence Grier Contact Person: LEA: Chapel Hill - Carrboro City Schools Address: P.O. Box 8181, Hillsborough, NC Title: Phone Project Title: FY 2011 -12 Debt Service (Spring 2006 Private Placement) Location: Type of Facility: Financial Services Director (919) 245 -2453 North Carolina General Statutes, Chapter 18C, provides that a portion of the proceeds of the North Carolina State Lottery Fund be transferred to the Public School Building Capital Fund in accordance with G.S. 115C- 546.2. Further, G.S. 115C -546.2 (d) has been amended to include the following: (3) No county shall have to provide matching funds... (4) A county may use monies in this Fund to pay for school construction projects in local school administrative units and to retire indebtedness incurred for school construction projects. (5) A county may not use monies in this Fund to pay for school technology needs. As used in this section, "Public School Buildings" shall include only facilities for individual schools that are used for instructional and related purposes, and does not include central administration, maintenance, or other facilities. Applications must be submitted within one year following the date of final payment to the Contractor or Vendor. Short description of Construction Project: Debt Service associated with Spring 2006 Private Placement - issued June 2007 for Chapel Hill - Carrboro City Schools Elementary #10 Estimated Costs: Purchase of Land Planning and Design Services New Construction Additions / Renovations Repair Debt Payment / Bond Payment TOTAL Estimated Project Beginning Date: July 2011 $ 492,654.00 $ 492,654.00 Est. Project Completion Date: June 2012 We, the undersigned, agree to submit a statement of state monies expended for this project within 60 days following completion of the project. The County Commissioners and the Board of Education do hereby jointly request approval of the above project, and request release of $ 492,654.00 from the Public School Building Capital Fund (Lottery Distribution). We certify that the project herein described is within the parameters of G.S. 115C -546. r J A .--Alm , re — Chair my Commissioners) (Signatt.6e -- hair, Board of Education) Form Date: July 01, 2011 (Date) :4 1 ZUiz (Date)