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3 Revised 10/5/06 APPLICATION PUBLIC SCHOOL CAPITAL BUILDING FUND Approved: ADM (Corporate Tax) FUND Date: County: Orange County Contact Person: Donna Coffey Address: Post Office Box 8181, Hillsborough NC 27278 Title: Budget Director School Admin. Unit: Chapel.Hill-Carrboro City Schools Phone: (919) 245-2151 Project Title: 2006-07 Debt Service -Carrboro High School Location: Chapel Hill NC Type of Facility: High School G.S. 115C-546.2(b) "Counties shall use monies in the Fund 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; for equipment to implement a local schaol technology plan that is approved pursuant to G.S. 115C-102.6C; or for both. Monies used to implement a local school technology plan shall be transferred to the State School Technology Fund and allocated by that Fund to the local school administrative unit for equipment. As used in this section 'public school buildings' only includes 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: General Obligation Bonds issued in 2005 funded construction of Carrboro High School Estimated Casts: State Local Total Purchase of Land $ $ ~ $ 0.00 Planning $ $ $ 0.00 Construction $ $ $ 0.00 Renovation $ $ $ 0.00 Enlargement $ $ $ 0.00 Repair $ $ $ 0.00 School Technology ~ $ $ N%A $ 0.00 Debt Service/Bond Payment $ 722,590.00 $ 240,864.00 $ 963,454.00 Total $ 722,590.00 $ 240,864.00 $ 963,454.00 Bid DatesNendors: Contracts signed/Dates: Estimated date of beginning of construction: Estimated date of completion: Match: The matching funds of one dollar of local funds for every three dollars of state funds are from (source): property tax $ 240,864.00 of the matching funds have been expended for/date/description: ~uua-ub aeot service payments associates witn construaton or t;arrgoro nigh 5cnoo~ Reporting requirements: We, the undersigned, agree to submit a statement of state/local amounts expended for this project within 60 days of 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 $ 722,590.00 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 of this project. (Signature -Chair, County Commissioners) (Date) (Signature -Chair, Board of Education) (Date)