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ORD-2017-016 Ordinance approving Budget Amendment #10-A Related to CHCCS Capital Project Ordinances for Fiscal Year 2016-17
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ORD-2017-016 Ordinance approving Budget Amendment #10-A Related to CHCCS Capital Project Ordinances for Fiscal Year 2016-17
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Last modified
3/13/2019 10:57:56 AM
Creation date
6/22/2017 2:35:25 PM
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BOCC
Date
6/20/2017
Meeting Type
Regular Meeting
Document Type
Ordinance
Agenda Item
8m
Document Relationships
Agenda - 06-20-2017 - 8-m - Application for NC Education Lottery Proceeds for CHCCS and Contingent Approval of Budget Amendment #10-A
(Linked To)
Path:
\Board of County Commissioners\BOCC Agendas\2010's\2017\Agenda - 06-20-2017 - Regular Mtg.
Minutes 06-20-2017
(Attachment)
Path:
\Board of County Commissioners\Minutes - Approved\2010's\2017
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Attachment 1 3 <br /> APPLICATION Approved: <br /> PUBLIC SCHOOL BUILDING CAPITAL FUND <br /> NORTH CAROLINA EDUCATION LOTTERY Date: <br /> County: Orange County Contact Person: Gary Donaldson <br /> LEA: Chapel Hill-Carrboro City Schools Title: Chief Financial Officer <br /> Address: P.O. Box 8181, Hillsborough, NC Phone: (919)245-2453 <br /> Project Title: FY 2016-17 Debt Service (Installment Financing 2014) <br /> Location: <br /> Type of Facility: <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-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 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 the 2014 Installment Financing <br /> issued January 2014 (Culbreth Middle School Science Wing) <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 218,428.00 <br /> TOTAL $ 218,428.00 <br /> Estimated Project Beginning Date: July 2016 Est. Project Completion Date: June 2017 <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$ 218,428.00 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) (Date) <br /> (Signature—Chair, Board of Education) (Date) <br /> Form Date: July 01,2011 <br />
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