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vLn&sz_ I'7, i1)ty <br /> APPLICATION Approved: <br /> PUBLIC SCHOOL BUILDING CAPITAL FUND <br /> NORTH CAROLINA EDUCATION LOTTERY Date: <br /> County: Orange County Contact Person: Clarence Grier <br /> LEA: Chapel Hill-Carrboro City Schools Title: Assistant County Mgr/CFO <br /> Address: P.O. Box 8181, Hillsborough, NC Phone: (919)245-2453 <br /> 1 Project Title: FY 2013-14 Debt Service(Fall 2006 Private Placement) <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 Fall 2006 Private Placement- <br /> issued December 2006 for Chapel Hill-Carrboro City Schools(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 218,775.00 <br /> TOTAL $ 218,775.00 <br /> Estimated Project Beginning Date: July 2013 Est. Project Completion Date: June 2014 <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 S 218,775.00 from the Public School <br /> Building Capital Fund(Lottery Distribution). We certify that the project herein described is within the <br /> parameter'bG.S. 115C-546. <br /> (S• ature— 4unty I•mmissioners) (Date) <br /> (Signat —Chair, Board o ducation) Date) <br /> Form Date: July 01,2011 <br />