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W <br />APPLICATION <br />PUBLIC SCHOOL BUILDING CAPITAL FUN <br />NORTH CAROLINA EDUCATION LOTTERY <br />county: Orange <br />LEA: Chapel Hill Carrboro City Schools <br />Address: P.O.. Box 8181, Hillsborough, NC 27243 <br />Approved: <br />D <br />Date: <br />Contact Person: Donna CofFey <br />Title: Budget Director <br />Phone: 919-245-2151 <br />Project Title: 2006-07 Debt Service -Scroggs Elementary <br />Location: Chapel Hill, NC <br />Type of Facility: Elementary School <br />North Carolina General Statutes, Chapter 18G, provides that a portion of the proceeds of the North <br />Carolina State Lottery Fund be transferred to the Public School Building Gapital 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 locai.school <br />administrative units and to retire indebtedness incurred for school construction projects incurred on or <br />after January 1, 2003. <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. <br />Short description of Construction Project: Fiscal year 2006-07 debt service payment associated with 2005 <br />private placement financing to construct Scroggs Elementary 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 /> <br />1,331,463.00 <br />TOTAL ~ <br />Estimated Project Beginning Date: <br />,331,463.00 <br />Est. Project Completion Date: <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 $ 1,331,463.00 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 />--_ <br />(Signature -Chair, County Commissioners) (Date) <br />(Signature - Ghair, Board of Education) (Date) <br />Form Date: Sept 1, 2006 <br />