HomeMy WebLinkAboutOTHER-2023-030-Application for North Carolina education lottery proceeds for Orange County Schools-OCS and contingent approval of budget amendent 8 -C-related to OCS capital project ordinances Attachment 1
APPLICATION Approved :
PUBLIC SCHOOL BUILDING CAPITAL FUND
NORTH CAROLINA EDUCATION LOTTERY
Date :
i
County : Orange Contact Person : Gary Donaldson
LEA : Orange County - 680 Title : Chief Financial Officer '''
Address : P . O . Box 8181 Hillsborough , NC Phone : 919 -245-2453
Project Title : FY 2022-23 Debt Service (2017B Bonds - issued in May 2017)
Location :
Type of Facility :
is
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 is
date of final payment to the Contractor or Vendor.
Short description of Construction Project : Debt Service associated with
Series 2017B (A . L . Stanback Middle School Roofing Project)
Estimated Costs :
Purchase of Land $ i`
Planning and Design Services
New Construction
Additions / Renovations
Repair
Debt Payment / Bond Payment 5781050000
TOTAL $ 578 , 050600
Estimated Project Beginning Date : 7/1 /2022 Est, Project Completion Date : 6/30/2023
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 $ 578 , 050 . 00 from the Public School
Building Capital Fund (Lottery Distribution ) . We certify that the project herein described is within the
parameters of G . S . 115C-546 .
o2
( gnat e — Chair, Co6nty Commissioners ) ( Date )
(Signature — Chair, Board of Education ) ( Date)
Form Date: July 01 , 2011