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3 <br />Revised 10/5/06 <br />APPLICATION <br />PUBLIC SCHOOL CAPITAL BUILDING FUND Approved: <br />ADM (Corporate Tax) FUND Date: <br />County: Orange Contact Person: Donna Coffey <br />Address: PO Box 8181, Hillsborough, NC 27278 Title: Budget Director <br />School Admin. Unit: Orange County Schools Phone: (919) 245-2151 <br />Project Title: Debt Service -Cedar Ridge High School <br />Location: Hillsborough, NC <br />Type of Facility: High School <br />G.S. 115G546.2(b) "Counties shall use monies in the Fund for capital outlay projects including the <br />planning, construction, reconstruction, enlargement, improvement, repair, or renovation of public school <br />buildings and for the purchase of land for public school buildings; for equipment to implement a local <br />school technology plan that is approved pursuant to G.S. 115C-102.6C; or for both. Monies used to <br />implement a local school technology plan shall be transferred to the State School Technology Fund and <br />allocated by that Fund to the local school administrative unit for equipment. As used in this section, <br />'public school buildinos' only includes facilities for individual schools that are used for instructional and <br />related purposes and does not include centralized administration, maintenance, or other facilities." <br />Short Description of Construction Project: <br />Fiscal year 2008-09 debt service payment associated with 2001 private placement financing to construct Cedar <br />Ridge High School <br />Estimated Costs: <br />Purchase of Land <br />Planning <br />Construction <br />Renovation <br />Enlargement <br />Repair <br />School Technology <br />Debt Service/Bond Payment <br />Total <br />State <br />$ 1,095,278.30 <br />$ 1,095,278.30 <br />Bid Dates/Vendors: <br />Contracts signed/Dates: <br />Estimated date of beginning of construction: <br />Estimated date of completion: <br />Match: The matching funds of one dollar of local funds for every three dollars of state funds are from <br />(source): property taxes <br />$ 365,092.75 of the matching funds have been expended for/date/description: <br />debt service in October 2008 <br />Reporting requirements: We, the undersigned, agree to submit a statement of state/local amounts <br />expended for this project within 60 days of 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 $ 1,095,278.30 from the Public School Building Capital <br />Fund. We certify that the project herein described is within the parameters of 115C-546.2(b) and that <br />all of the match is available and designated as match of this project. <br />(Signature -Chair, County Commissioners) <br />Local <br />$ N/A <br />$ 365,092.75 <br />$ 365,092.75 <br />Total <br />0.00 <br />$ 0.00 <br />$ 0.00 <br />$ 0.00 <br />$ 0.00 <br />$ 0.00 <br />$ 0.00 <br />$ 1,460,371.05 <br />$ 1,460,371.05 <br />(Date) <br />(Signature -Chair, Board of Education) (Date) <br />