Orange County NC Website
Browse       Search
C! <br />APPLICATION <br />PUBLIC SCHOOL BUILDING CAPITAL FUND <br />NORTH CAROLINA EDUCATION LOTTERY <br />County: <br />LEA: <br />Orange County <br />Chapel Hill - Carrboro City Schools <br />Address: P.O. Box 8181, Hillsborough, NC <br />Approved: <br />Date: <br />Contact Person: Gary Donaldson <br />Title: Chief Financial Officer <br />Phone: (919) 245 -2453 <br />Project Title: FY 2017 -18 Debt Service (2006 COPS - Series 2015 Refunding) <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 2006 COPS - Series 2015 <br />Refunding issued June 2015 (Carrboro High School) <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 <br />TOTAL <br />Estimated Project Beginning Date: 7/1/17 <br />E5 <br />220,000.00 <br />220,000.00 <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 $ 220,000.00 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. 115C -546. <br />(Signature — Chair, County Commissioners) (Date) <br />(Signature — Chair, Board of Education) (Date) <br />Form Date: July 01, 2011 <br />