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ORD-2019-021 Application for NC Education Lottery Proceeds for OCS and Contingent Approval of BA #9-B Related to OCS Capital Project Ordinances
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ORD-2019-021 Application for NC Education Lottery Proceeds for OCS and Contingent Approval of BA #9-B Related to OCS Capital Project Ordinances
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5/22/2019 2:34:38 PM
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5/22/2019 2:33:06 PM
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BOCC
Date
5/21/2019
Meeting Type
Regular Meeting
Document Type
Ordinance
Agenda Item
8-g
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Agenda 05-21-19 8-g - Application for NC Education Lottery Proceeds for OCS and Contingent Approval of BA #9-B Related to OCS Capital Project Ordinances
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\Board of County Commissioners\BOCC Agendas\2010's\2019\Agenda - 05-21-19 Regular Meeting
Minutes 05-21-19 Regular Meeting
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\Board of County Commissioners\Minutes - Approved\2010's\2019
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APPLICATION Approved : <br /> PUBLIC SCHOOL BUILDING CAPITAL FUND <br /> NORTH CAROLINA EDUCATION LOTTERY Date : <br /> County : Orange County Contact Person : Gary Donaldson <br /> LEA : Orange County Schools Title : Chief Financial Officer <br /> Address : P . O . Box 8181 , Hillsborough , NC Phone : ( 919 ) 245 -2453 <br /> Project Title : FY 2018 - 19 Debt Service - ( 2001 Bonds - issued in 2005 - Series 2011 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 2001 Bonds - issued in 2005 - <br /> Series 2011 Refunding - issued in November 2011 ( Gravelly Hill Middle 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 532 , 643 . 00 <br /> TOTAL $ 532 , 643 . 00 <br /> Estimated Project Beginning Date : 7/ 1 /2018 Est . Project Completion Date : 6 /30/2019 <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 , andIreest release of 532 , 643500 from the Public School <br /> Building Caand ( Lottery istri utio ) . We certify that the project herein described is within the <br /> parameter S . 115C - 546 <br /> ( Sign ture air. n C issioners ) \� ( Date) J <br /> CA W� / <br /> v / <br /> ( Signature — Chair , Board of Education ) ( Date ) <br /> Form Date : July 01 , 2011 <br />
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