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ORD-2019-029 Application for North Carolina Education Lottery Proceeds for Orange County Schools (OCS) and Contingent Approval of Budget Amendment #11-A Related to OCS Capital Project Ordinances
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ORD-2019-029 Application for North Carolina Education Lottery Proceeds for Orange County Schools (OCS) and Contingent Approval of Budget Amendment #11-A Related to OCS Capital Project Ordinances
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6/19/2019 10:17:15 AM
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6/19/2019 10:14:38 AM
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BOCC
Date
6/18/2019
Meeting Type
Regular Meeting
Document Type
Ordinance
Agenda Item
8-d
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Agenda 06-18-19 Item 8-d - Application for North Carolina Education Lottery Proceeds for Orange County Schools (OCS) and Contingent Approval of Budget Amendment #11-A Related to OCS Capital Project Ordinances
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\Board of County Commissioners\BOCC Agendas\2010's\2019\Agenda - 06-18-19 Regular Meeting
Minutes 06-18-19 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 November 2011 (Gravelly Hill Middle School) <br /> Estimated Costs: <br /> Purchase of Land $ <br /> Planning and Design Services <br /> New Construction <br /> Additions 1 Renovations <br /> Repair <br /> Debt Payment 1 Bond Payment 95,000.00 <br /> TOTAL $ 95,000.00 <br /> Estimated Project Beginning Date: 711i2018 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, and request release of 95,000,00 from the Public School <br /> Building l i Fund (Lotte ❑' tri ution). We certify that the project herein described is within the <br /> paramet s o G.S. 115C-5 6 <br /> �. <br /> (5 nature—Ch ir, ount om issioners) (Date) <br /> (Sign re— f- ucation) (Date) <br /> Form Date: July 01,2011 <br />
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