HomeMy WebLinkAboutOTHER-2021-017 Orange County Schools- Application Public Schools Building Capital Fund North Carolina Education Lottery �d - I - S -
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Attachment 1
APPLICATION Approved :
PUBLIC SCHOOL BUILDING CAPITAL FUND
NORTH CAROLINA EDUCATION LOTTERY
Date :
County : Orange County Contact Person : Gary Donaldson
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LEA : Orange County Schools Title : Chief Financial Officer
Address : P . O . Box 8181 Hillsborough , NC Phone : (919 ) 245-2453 c'
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FY 2020-21 Debt Service 2001 Bonds - issued in 2005 - Series 2011 Refunding )
Project Title : ( g )
Location :
Type of Facility :
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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 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 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.
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Short description of Construction Project : Debt Service associated with 2001 Bonds - issued in 2005 -
Series 2011 Refunding - issued in November 2011 (Gravelly Hill Middle School )
Estimated Costs :
Purchase of Land $
Planning and Design Services
New Construction
Additions / Renovations
Repair
Debt Payment / Bond Payment 561 , 082
TOTAL $ 561 , 082
7/ 1 /2020 6/30/2021
Estimated Project Beginning Date : 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 hereby jointly request approval of the above
project , and request release of $ 5611082 from the Public School
Building Capital Fund ( Lottery Distribution ) . We certify that the project herein described is within the
parame ers of G . S . 11 C-546 .
( ignature — Chair, County Commissioners) (bate,
( Signature — Chair, Board of Education ) ( Date)
Form Date : July 01 , 2011