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Agenda - 05-08-2014 - 6e
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Agenda - 05-08-2014 - 6e
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Last modified
6/2/2015 12:33:16 PM
Creation date
5/2/2014 3:09:43 PM
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BOCC
Date
5/8/2014
Meeting Type
Budget Sessions
Document Type
Agenda
Agenda Item
6e
Document Relationships
Minutes 05-08-2014
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\2010's\2014
ORD-2014-019 Application for NC Educational Lottery Proceeds for Orange County Schools
(Linked From)
Path:
\Board of County Commissioners\Ordinances\Ordinance 2010-2019\2014
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Attachment 1 <br />APPLICATION Approved: <br />PUBLIC SCHOOL BUILDING CAPITAL FUND <br />NORTH CAROLINA EDUCATION LOTTERY Date: <br />County: Orange County Contact Person: Clarence Grier <br />LEA: Orange County Schools <br />Address: P.O. Box 8181 Hillsborough, NC <br />Project Title: FY 2013 -14 Debt Service (G.O. Bonds) <br />Location: <br />Type of Facility: <br />Title: <br />Phone <br />Assistant County Mgr /CFO <br />(919) 245 -2453 <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 -5462 (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 G.O Bonds issued Fall 2005 for <br />Orange County Schools 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: July 2013 <br />465,468.00 <br />$ 465,468.00 <br />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 $ 465,468.00 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 />(Signature — Chair, Board of Education) <br />Form Date: July 01, 2011 <br />(Date) <br />(Date) <br />0 <br />
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