HomeMy WebLinkAboutORD-2018-014 Application for Lottery Proceeds for CHCCS - Budget Amendment #8-APUBLIC SCHOOL BUILDING CAPITAL FUND:
NORTH CAROLINA EDUCATION LOTTERY1
County: Orange County
LEA: Chapel Hill-Carrboro City Schools
Address: PD. Box 8iB1. Hillsborough, NC
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Date:
Contact Person. Gary Donaldson
Title: Chief Financial Office
Phone: (919) 245-2453
Project Title: FY 2017-18 Debt Service (2006 COPS - Series 2015 Refunding)
Location:
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.G.115C-54S2. Further, G.G.115C-54G2(d) has been amended tn include the following:
(3)No county shall have to provide matching fundo...
(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.
(6) A county may not use monies in this Fund to pay for school technology needs.
Aa 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 bo submitted within one year following the
date of final payment /p the Contractor mrVendor.
Short description of Construction Project: Debt Service associated with the 2006 COPS Series 2015
Refunding issued June 2015 (Carrboro High School)
Estimated Costs
Purchase ofLand �
Planning and Design Services
New Construction
Additions /Renovations
Repair
Debt Payment / Bond Payment 202,000.00
TOTAL $ 202,000.00
Estimated Project Beginning Date, 7/1./17
Est. Project Completion Date: 6/30/18
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 hereby jointly request approval of the above
project, and request release of $ 20200000 from the Public School
Building d (Lottery Distribution). VVe certify that the project herein described io within the
ponsmoemofG� 115� ,/ �
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(Signature — Chair, County
6ignature—' —Chair, Board of Education)
Form Date: July o1.con
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