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PUBLIC SCHOOL BUILDING CAPITAL FUND: <br />NORTH CAROLINA EDUCATION LOTTERY1 <br />County: Orange County <br />LEA: Chapel Hill-Carrboro City Schools <br />Address: PD. Box 8iB1. Hillsborough, NC <br />0--2 If <br />Date: <br />Contact Person. Gary Donaldson <br />Title: Chief Financial Office <br />Phone: (919) 245-2453 <br />Project Title: FY 2017-18 Debt Service (2006 COPS - Series 2015 Refunding) <br />Location: <br />Type ofFacility: <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.G.115C-54S2. Further, G.G.115C-54G2(d) has been amended tn include the following: <br />(3)No county shall have to provide matching fundo... <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 />(6) A county may not use monies in this Fund to pay for school technology needs. <br />Aa 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 bo submitted within one year following the <br />date of final payment /p the Contractor mrVendor. <br />Short description of Construction Project: Debt Service associated with the 2006 COPS Series 2015 <br />Refunding issued June 2015 (Carrboro High School) <br />Estimated Costs <br />Purchase ofLand � <br />Planning and Design Services <br />New Construction <br />Additions /Renovations <br />Repair <br />Debt Payment / Bond Payment 202,000.00 <br />TOTAL $ 202,000.00 <br />Estimated Project Beginning Date, 7/1./17 <br />Est. Project Completion Date: 6/30/18 <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 $ 20200000 from the Public School <br />Building d (Lottery Distribution). VVe certify that the project herein described io within the <br />ponsmoemofG� 115� ,/ � <br />� � 7 / /�� <br />.�' | � ' ( / / | �� <br />(Signature — Chair, County <br />6ignature—' —Chair, Board of Education) <br />Form Date: July o1.con <br />(Date) <br />\ <br />� <br />1 — , ~ �� <br />=-- <br />(Date) <br />