Agenda - 05-16-2006-5l - Laserfiche WebLink

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APPLICATION Approved: PUBLIC SCHOOL BUILDING CAPITAL FUND Date: County: Orange Contact: Donna Dean Address: Post Office Box 8181 Hiilsborou h NC 27278 Title: Budget Director School Admin Unit: Chapel Hill-Carrboro Citv Schools Phone: {0191 245-2151 Project Title: 2005-06 Debt Service - Scroggs Elementary Location: Type of Facility: 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-102,6G; 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 facllities 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: 2005 private placement fnancing funded the following projects for the Chapel Hiil-Carrboro City School District: Project Debt Amount Construction of Scroggs Elementary School 14,000,000 Estimated Costs: Purchase of Land Planning Construction Renovation Enlargement Repair School Technology FY 2005.06 Debt Service Payment Total State Local Total 998 598 $332.866 1 331 463 $998,598 $332,866 $1,331,463 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 $332,866 of the matching funds have been expended for/date/description: Date Pur ose 12/01/2005 Debt Service 02/01/2006 Debt Service Reporting We, the undersigned, agree to submit a statement of state/local amounts expended for this project requirements: 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 998 598 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