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PI4F q-5--a d� <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,2017-18 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 196,500.00 <br /> TOTAL $ 196,500.00 <br /> Estimated Project Beginning Date: 7/1/2017 Est. Project Completion Date: 6/30/2018 <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$ 196,500.00 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. 115 6 <br /> 2S----- Fb� <br /> (Signature—Chair, County Co sioners) (Date) <br /> --7— <br /> (Sign re—Chair, Board of Education) (Date) <br /> Form Date: July 01,2011 <br />