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5 Revised 10/5/06 APPLICATION PUBLIC SCHOOL CAPITAL BUILDING FUND ADM (Corporate Tax) FUND Approved: Date: County: Orange Contact Person: Donna Coffey Address: Post Office Box 8181, Hillsborough, NC 27278 Title: Budget Director School Admin. Unit: Orange County Schools Phone: (919) 245-2151 Project Title: 2006-07 Debt Service -Cedar Ridge High Location: Hillsborough 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 school 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: Fiscal year 2006-07 debt service payment associated with 2001 private placement financing to construct Cedar Ridge Hiah Estimated Costs: Purchase of Land Planning Construction Renovation Enlargement Repair School Technology Debt Service/Bond Payment Total State $ 1,237,202.00 $ 1,237,202.00 Bid Dates/Vendors: 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 $ 412,401.00 of the matching funds have been expended for/date/description: 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 $ 1,237,202.00 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) Local $ NIA $ 412,401.00 $ 412,401.00.. Total $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 1,649,603.00 $ 1,649,603.00 (Signature -Chair, Board of Education) (Date)