NSN ORD-1996-011 Budget Ordinance Amendment #7 - Public School Building Fund Application

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Application: Public School Building Capital Fund Exhibit 2 3 Approved: Date: County Orange County Contact Person:Sally Kost Address: P.O.Box 8181 Title: Budget Director Hillsborough,NC 27278 Phone:(919) 732-8181 ext.2151 School Admin. Unit: Chapel Hill-Carrboro City Schools Project Title: McDougle Elementary School Location: Carrboro, North Carolina Type Of Facility: Elementary School-New Construction GS.115C-546.2(b) "Monies in the Fund shall be used for capital outlay projects including the planning, construction, reconstruction,enlargement, improvement,repair or renovation of public school buildings and for the purchase of land, for public school buildings. As used in this section, `public school buildings' only include facilities for individual schools that are used for instructional and related purposes and does not include centralized,administration,maintenance or other facilities." Short Description Of Construction Project: Construction of a 600 student elementary school to be constructed adjacent to the McDougle Middle School. Estimated Costs: State Local Total Purchase of Land 0 Planning 496,500 165,500 662,000 Construction 340,152 9,909,848 10,250,000 Renovation-Furnishings/Startup 639,915 639,915 Enlargement Repair Total $836,652 $10,715,263 $11,551,915 Bid DatesNendors: Contracts Signed/Dates: Feb 2, 1995 Estimated date of beginning of Construction Feb. 1995 Estimated date of completion July 1996 MATCH: The Matching funds of one dollar of local funds for every three dollars of State funds are from(source):halfcent sales tax revenue,impact fees and proceeds from private placement financing. $5,738,856(through February 1996) of the matching funds have been expended for date/description: 1)Planning $ 662,000 2)Construction $5,076,856 3)Renovation REPORTING REQUIREMENTS: We,the undersigned,agree to submit a statement of local/state amounts expended for each project in each local school administrative unit quarterly. The County Commissioners and the Board of Education do hereby jointly request approval of the above project and release of $836,652 from the Public School Building Capital Fund. We certify that the Project herein described is within the parameters of 115c-546.2(b) and that all of the match is available and designated as match for this project. (signature-Chair,County Commissioners) (date) ure-Chair,Board of Education) (date)