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HomeMy WebLinkAboutAgenda - 09-20-2022; 12-3 - Information Item - Memorandum - Needs-Based Public School Capital Fund Grant Application 1 ORANGE COUNTY NORTH CAROLINA FINANCE and ADMINISTRATIVE SERVICES Gary Donaldson,CTP,Chief Financial Officer I gdonaldson@orangecountync.gov I PO Box 8181, Hillsborough, NC 27278 919.245.2453 INFORMATION ITEM To: Board of County Commissioners From: Gary Donaldson, Chief Financial Officer Date: September 20, 2022 Re: Needs-Based Public School Capital Fund Grant Application The Needs-Based Public School Capital Fund (NBPSCF) was established to assist counties with their critical public school building capital needs. Grants from the NBPSCF are funded with revenue from the North Carolina Education Lottery. Grant funds are available to eligible counties for construction of new school buildings and additions, repairs, and renovations of existing school facilities. Counties with an adjusted market value of real property less than $40 billion are eligible to apply for a NBPSCF grant. The County coordinated with both school district to submit applications for grant funding by the September 1, 2022 deadline. The NBPSCF requires a local match of up to 35%. The local match for both school districts is achieved from Board approved funding in the County's Capital Improvement Program. The Chapel Hill-Carrboro City Schools (CHCCS) grant application project is a complete renovation and partial replacement of the Carrboro Elementary School. The total funding for this project is $30,345,528 which consists of a local match of$7,586,382 and a NBPSCF grant request of$22,759,146. The Orange County Schools (OCS) first grant application is renovation and replacement of the Central Elementary School Heating, Ventilation and Air Conditioning, Plumbing, and related improvements. The total funding for this project is $9,233,636.43 which consists of a local match of$2,233,636 and a NBPSCF grant request of$7,000,000. The second OCS grant application request is renovation and replacement of the Efland-Cheeks Global Elementary School Heating, Ventilation and Air Conditioning, Plumbing, and related improvements. The total funding for this project is $6,603,000 which consists of a local match of$2,603,000 and a NBPSCF grant request of$4,000,000. Further updates will be forthcoming following grant award notifications. cc: Bonnie Hammersley, County Manager Travis Myren, Deputy Manager 1