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BOOK 21 PAGE 867 <br />APPLICATION Approved <br />PUBLIC SCHOOL BUILDING CAPITAL FUND <br />NORTH CAROLINA EDUCATION LOTTERY Date: <br />County: Lee <br />LEA: Lee County Schools <br />Address: PO Box 1010, 106 Gordon Street, Sanford, NC 27331-1010 <br />Contact Person: Dr. James T. McCorrnick/John Crumpton <br />Title: Superintendent/County Manager <br />Phone: 919-774-6226 / 919-718-4605 <br />Project Title: Demolition of Lee County High School Science Building <br />Location: 1708 Nash Street, Sanford, NC 27330 <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 . ~COU`5}' <br />are used for instructional and related purposes, and does not include central administration, FlNalyC <br />maintenance, or other facilities. . <br />Short description of Construction Project: Removal/raising of building because of age and <br />deterioration (buildinq built in the 1950's). <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 />Estimated Project Beginning Date: May 2008 <br />50,000.00 <br />$ 50,000.00 <br />Est. Project Completion Date: June 2008 <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 $ 50,000.00 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 - <br />(Signature - Chair, Board of <br />Form Date' Sept 1, 2006 <br />