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Attachment 1 3 <br /> APPLICATION Approved: <br /> PUBLIC SCHOOL BUILDING CAPITAL FUND <br /> NORTH CAROLINA EDUCATION LOTTERY Date' <br /> County: Grange County Contact Person: Paul Laughton <br /> LEA: Chapel Hill-Carrboro City Schools Title: Interim CFO <br /> Address: P.O. Box 8181, Hillsborough, NC Phone: (919)245-2152 <br /> Project Title: FY 2014-15 Debt Service (Fall 2005 Private Placement) <br /> Location: <br /> Type of Facility: <br /> North Carolina General Statutes, Chapter 1$C, 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. 1150-545.2. Further, G.S. 1150-54 .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 ..Ven.dor. <br /> Short description of Construction Project: Debt Service associated with Fall 2005 Private Placement- <br /> issued December 2006 for Chapel Hill-Carrboro City Schools (Carrboro High School) <br /> Estimated Costs: <br /> Purchase of Land $ <br /> Planning and Design Services <br /> New Construction <br /> Additions I Renovations <br /> Repair <br /> Debt Payment 1 Bond Payment 2037170.00 <br /> TOTAL $ 2037170.00 <br /> Estimated Project Beginning Date: July 2014 Est. Project Completion Date: June 2015 <br /> We, the undersigned, agree to submit a statement of state monies expended for this project within 50 <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$ 2031170-00 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. 1150-546. <br /> (Signature--Chair, County Commissioners) (Date) <br /> (Signature Chair, Board of Education) (Date) <br /> Form Date: July 01,2011 <br />