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Agenda Package - 04-07-08
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Agenda Package - 04-07-08
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Board of Commissioners
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619 <br />APPLICATION Approved: <br />® PUBLIC SCHOOL BUILDING CAPITAL FUND <br />NORTH CAROLINA EDUCATION LOTTERY Date: <br />County: Lee Contact Person: Dr. James T. McCormlcUoh on I <br />LEA: Lee County Schools Title: Superintendent/County M n <br />Address: 106 Gordon Street Sanford, NC 27332 Phone: 919-774-6226/919-718-460 3 <br />E COUNTY <br />Project Title: Southern Lee High School FINANCE <br />Location: 2301 Tramway Road Sanford, NC 27332 <br />Type of Facility: High School <br />North Carolina General Statutes, Chapter 18C, provides that a portion of the proceeds of the North <br />Carolina State Lottery Fund be transferred to the Public School Building Capital Fund in accordance <br />with G.S. 115C-546.2. Further, G.S. 115C-546.2 (d) has been amended to include the following: <br />(3) No county shall have to provide matching funds... <br />(4) A county may use monies in this Fund to pay for school construction projects in local school <br />administrative units and to retire indebtedness incurred for school construction projects incurred on or <br />after January, 1, 2003. <br />(5) A county may not use monies in this Fund to pay for school technology needs. <br />As used in this section, "Public School Buildings" shall include only facilities for individual schools that <br />are used for instructional and related purposes, and does not include central administration, <br />maintenance, or otherfacilities. <br />® Short description of Construction Project New high school construction <br />Estimated Costs: <br />Purchase of Land <br />Planning and Design Services <br />New Construction <br />Additions / Renovations <br />Repair <br />Debt Payment / Bond Payment <br />TOTAL <br />599,241.00 <br />599,241.00 <br />Estimated Project Beginning Date: November 2003 <br />Est. Project Completion Date: August 2006 <br />We, the undersigned, agree to submit a statement of state monies expended for this project within 60 <br />days following completion of the project <br />The County. Commissioners and the Board of Education do hereby jointly request approval of the above <br />project, and request release of $ 599,241.00 from the Public School <br />Building Capital Fund (Lottery Distribution). We certify that the project herein described is within the <br />parameters of G.S. 115C-546. <br />(Signature - Chair, County Commissioners) (Date) <br />(Signature - Chair, Board of Education) (Date) <br />Form Date: Sept 1, 2005 <br />
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