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OOK 0 P40E 894 <br />~'two <br />FINAN <br />APPLICATION Approved: <br />PUBLIC SCHOOL BUILDING CAPITAL FUND Date: <br />Revised 6/24104 <br />County: Lee Contact Person. David,Smitherman <br />Address: PO Box 1968 Sanford NC 27331-1968 Title: County Manager <br />School Admin. Unit: 530 Lee County Schools Phone: (919) 718-4605 <br />Project Title: Construction of Broadway Elementary School <br />Location: South Main Street Broadway NC 27505 <br />Type of Facility: Elementary School <br />G.S. 115C-546.2(b) "Counties shall use monies in the Fund for capital outlay projects including the <br />planning, construction, reconstruction, enlargement, improvement, repair, or renovation of public school <br />buildings and for the purchase of land for public school buildings; for equipment to implement a local <br />school technology plan that is approved pursuant to G.S. 115C-102.6C; or for both. Monies used to <br />implement a local school technology plan shall be transferred to the State School Technology Fund and <br />allocated by that Fund to the local school administrative unit for equipment. As used in this section <br />`public school buildings' only includes facilities for individual schools that are used for instructional and <br />related purposes and does not include centralized administration, maintenance or other facilities." <br />Short Description of Construction Project: <br />Estimated Costs: <br />Purchase of Land <br />Planning <br />Construction <br />Renovation <br />Enlargement <br />Repair <br />School Technology <br />Debt Service/Bond Payment <br />Total <br />Bid Dates/Vendors: May 14, 1997 <br />State <br />$ 648,883.66 <br />$ 648,883.66 <br />Construction <br />Local <br />$ 216,294.55 <br />$ N/A <br />$ 216,294.55 <br />Total <br />0.00 <br />$ 0.00 <br />$ 865,178.21 <br />$ 0.00 <br />$ 0.00 <br />$ 0.00 <br />$ 0.00 <br />$ 0.00 <br />$ 865,178.21 <br />Contracts signed/Dates: May 27, 1997 Sigma Construction <br />Estimated date ofIbeginning of construction: August 1 1997 <br />Estimated date ofcompletion: April 1, 1999 <br />Match: The matching funds of one dollar of local funds for every three dollars of state funds are from <br />(source): General Revenue <br />$ of the matching funds have been expended for/date/description: <br />Reporting requirements: We, the undersigned, agree to submit a statement of state/local amounts <br />expended for this project within 60 days of 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 $ 648,883.66 from the Public School Building Capital <br />Fund. We certify that pro hereescribed is within the parameters of 115C-546.2(b) and that <br />all of match is av la le an e gn d as mattc/t this project. <br />(Signature - Chair, <br />(Date) <br />6-1 <br />(Signature - Chair, Board of Education <br />