HomeMy WebLinkAboutS Finance - Application Public School Building Capital Fund NC Education Lottery - 10-21-2014 - 6d /0 C>
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APPLICATION Approved:
PUBLIC SCHOOL BUILDING CAPITAL FUND
NORTH CAROLINA EDUCATION LOTTERY Date:
County: Orange County Contact Person: Clarence Grier
LEA: Orange County Schools Title: Assistant CountyK4Or/CFO
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Address: P.O.Box 8181 Hillsborough,NC Phone: (91Q)245-2453
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Project Title: FY2814'15 Debt Service(G.O. Bonds)
Location:
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Type ofFacility:
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 Capital Fund in accordance
with G,S. 115C-546.2. Further,G.S. 115C-546.2(d) has been amended to include 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.construction projects.
(5) A county may not use monies in this Fund to pay for sch I ool 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 include central administration,
maintenance,or other facilities. Applications must be submitted within one year following the
date of final payment to the Contractor or Vendor.
Short description
Orange County Schools Gravelly Hill Middle School
Estimated Costs:
Purchase ofLand $
Planning and Design Services
New Construction
Additions/Renovations
Repair
Debt Payment/Bond Payment 218,587.00
TOTAL $ 218.597M
Estimated Project Beginning Date: July 2014 Est. Project Completion Date: June 2015
We, theundersigned, 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 hereby jointly request approval of the above
project, and request release of 21853700 from the Public School
Building Capital Fund (Lotte Distributiop. We certify that the project herein described is within the
paramete,?-Q.,S. 115C-54 Le
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(Signatur air, Board of Education) (Date)
Form Date: Jutyotmo11
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