HomeMy WebLinkAboutApplication for State Public School Building Capital Funds and NC Education Lottery MoniesAPPLICATION
PUBLIC SCHOOL CAPITAL BUILDING FUND
ADM (Corporate Tax) FUND
Revised 10!5/06
Approved: Orange Co. Board of Educat:
Date: MaY 7, 2007
County: Orange Contact Person: Donna Coffey
Address: Post Office Box 8181, Hillsborough, NC 27278 Title: Budget Director
School Admin. Unit: Orange County Schools Phone: (919) 245-2151
Project Title: 2006-07 Debt Service -Cedar Ridge High
Location: Hillsborough NC
Type of Facility: High School
G.S. 115C-546.2(b) "Counties shall use monies in the Fund for capital outlay projects including the
planning, construction, reconstruction, enlargement, improvement, repair, or renovation of public school
buildings and for the purchase of land for public school buildings; for equipment to implement a local
school technology plan that is approved pursuant to G.S. 115C-102.6C; or for both. Monies used to
implement a local school technology plan shall be transferred to the State School Technology Fund and
allocated by that Fund to the local school administrative unit for equipment. As used in this section,
Short Description of Construction Project:
Fiscal year 2006-07 debt service payment associated with 2001 private placement financing to construct Cedar
Estimated Costs:
Purchase of Land
Planning
Construction
Renovation
Enlargement
Repair
School Technology
Debt Service/Bond Payment
Total
State
$
$ ,23 2.0
$ 1,237,202.00
Bid DatesNendors:
Contracts signed/Dates:
Estimated date of beginning of construction:
Estimated date of completion:
Match: The matching funds of one dollar of local funds for every three dollars of state funds are from
(source): property tax
$ 412,401.00 of the matching funds have been expended for/dateldescription:
Reporting requirements: We, the undersigned, agree to submit a statement of state/Iccal amounts
expended for this project within 60 days of completion of the project.
The County Commissioners and the Board of Education do hereby jointly request approval of the above
project and request release of $ 1,237,202.00 from the Public School Building Capital
Fund. We certify that the project herein described is within the parameters of 115C-546.2(b) and that
all of the~ajch is available mod-designated as match of this project.
=-v-v
Local
Total
0.00
$ N/A
$ 412,401.00
$ 412,401.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 1,649,603.00
$ 1,649,603.00
- Chair,
APPLICATION Approved: Orange Co. Board of =Education
PUBLIC SCHOOL BUILDING CAPITAL FUND
NORTH CAROLINA EDUCATION LOTTERY Date: May 7, 2007
county: Orange contact Person: Donna Coffey `
LEA: Orange County Schools Title: Budget Director
Address: P.O. Box 8181, Hillsborough, NC 27243 Phone: 919-245-2151
Project Title: 2006-07 Debt Service -Gravelly Hill Middle School
Location: Efland, NC
Type of Facility: Middle School
North Carolina General Statutes, Chapter 18C, provides that a portion of the proceeds of the North
Carolina State Lottery Fund be transferred to the Public School Building Capltai Fund in accordance
with G.S. 115C-546.2. Further, G.S. 115C-546.2 (d) has been amended to lnciude the following:
(3) No county shall have to provide matching funds:..
(4) A county may use monies In this Fund to pay for school construction projects in local school
administrative units and to retire indebtedness incurred for school conshuction projects Incurred on or
after January 1, 2003.
(5) A county may not use monies in this Fund to pay for school technology needs.
As used in this section, "Public School Buildings" shall include only facilities for individual schools that
are used for Instructional and related purposes, and 'does not lnciude central administration,
maintenance, or other facilities.
Short description of Construction Project: Fiscal year 2006-07 debt service payment associated with
General Obligation bond financing to construct Gravelly Hill Middle School
Estimated Costs:
Purchase of Land
Planning and Design Services
New. Construction
Additions /Renovations _
Repair
Debt Payment (Bond Payment
TOTAL
Estimated Project Beginning Date:
976,712.00
$ 976,712.00
Est. Project Completion Date:
We, the undersigned, agree to submit a statement of state monies expended for this project within 60
days following completion of the project.
The County Commissioners and the Board of Education do herebyjolntly request approval of the above
project, and request release of $ 976,712.00 from the Public School
Building Capital Fund (Lottery Dis utlon). We certify that the project herein described ~is within the
parameterssfG.S.115C-546 ,
~~
-Chair, County
=i0_J
-Chair, Board o~ducation)
Form Date: Sept t, 2006