Orange County NC Website
Browse       Search
APPLICATION Approved: <br /> PUBLIC SCHOOL BUILDING CAPITAL FUND <br /> NORTH CAROLINA EDUCATION LOTTERY Date: <br /> County: Orange County Clarence Grier <br /> Contact Person: <br /> LEA: Chapel Hill-Carrboro City Schools Title: Assistant County Mgr/CFO <br /> Address: P.O. Box 8181, Hillsborough, NC Phone: (919)245-2453 <br /> Project Title: FY 2013-14 Debt Service (Spring 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 been 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 construction 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 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 include central administration, <br /> maintenance, or other 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 Spring 2006 Private Placement- <br /> issued June 2007 for Chapel Hill-Carrboro City Schools Elementary#10(Morris Grove Elementary) <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 218,012.00 <br /> TOTAL $ 218,012.00 <br /> Estimated Project Beginning Date: July 2013 Est. Project Completion Date: June 2014 <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$ 218,012.00 from the Public School <br /> Building Capital Fund(Lottery Distribution). We ertify that the project herein described is within the <br /> paramet . . 115C-546. <br /> (Signs e—Chai , o ty om issioners) (Date) <br /> (S' nature Chair, Board of ducation) ( ate) <br /> Form Date: July 01,2011 <br />