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ORD-2018-009 Application for NC Education Lottery Proceeds for CHCCS and Budget Amendment 5-A
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ORD-2018-009 Application for NC Education Lottery Proceeds for CHCCS and Budget Amendment 5-A
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Last modified
3/13/2019 11:17:51 AM
Creation date
3/9/2018 9:21:10 AM
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Template:
BOCC
Date
2/20/2018
Meeting Type
Regular Meeting
Document Type
Ordinance
Agenda Item
8-c
Amount
$198,000.00
Document Relationships
Agenda - 02-20-2018 8-c - Application for NC Education Lottery Proceeds for CHCCS and Contingent Approval of BA # 6-A Related to CHCCS Capital Project Ordinances
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2010's\2018\Agenda - 02-20-2018 Regular Meeting
Minutes 02-20-2018
(Attachment)
Path:
\Board of County Commissioners\Minutes - Approved\2010's\2018
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APPLICATION Approved: <br />PUBLIC SCHOOL BUILDING CAPITAL FUND <br />NORTH CAROLINA EDUCATION LOTTERY Date: <br />County: Orange County <br />LEA: Chapel Hill- Carrboro City Schools <br />Address: P.O. Box 8181 Hillsborough, NC <br />Project Title: <br />Location: <br />Type of Facility <br />� C," s.'7 c.y <br />Contact Person: Gary Donaldson <br />Title: Chief Financial Officer <br />Phone: (919) 245 -2453 <br />FY 2017 -18 Debt Service (Installment Financing 2014) <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 Vying) <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 198,000.00 <br />TOTAL $ 198,000.00 <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 $ 198,000.00 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. 115 546 <br />Signature — Chair, Cou <br />ers) <br />0 <br />(Signature — Chair, Board of Education) <br />Form Date: July 01, 2011 <br />ate) <br />(Date) <br />
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