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AG 2017 03 20
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AG 2017 03 20
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Last modified
3/22/2017 9:00:14 AM
Creation date
11/27/2017 10:27:45 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
3/20/2017
Board
Board of Commissioners
Meeting Type
Regular
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APPLICATION Approved: <br /> PUBLIC SCHOOL BUILDING CAPITAL FUND <br /> NORTH CAROLINA EDUCATION LOTTERY Date: <br /> County: Cabarrus Contact Person: Kelly Kluttz <br /> LEA: Cabarrus County#130 Title: Chief Financial Officer <br /> Address: PO Box 388 Concord, NC 28026 Phone: 704-262-6144 <br /> Project Title: 2016-17 Debt Service for School Construction <br /> Location: Concord, NC <br /> Type of Facility: Debt Service for School Construction (COPS 2009) <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. <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 other facilities. Applications must be submitted within one year following the <br /> date of final payment to the Contractor or Vendor. <br /> Short description of Construction Project: Debt Service for COPS issued to build and renovate <br /> School Buildings for the Cabarrus County Schools#130 <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 1,754,000.00 <br /> TOTAL $ 1,754,000.00 <br /> Estimated Project Beginning Date: 7-1-16 Est. Project Completion Date: 6-30-17 <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$ 1,754,000.00 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—Chair, County Commissioners) (Date) <br /> (Signature—Chair, Board of Education) (Date) Attachment number 1 \n <br /> Form Date: July 01,2011 <br /> F-5 Page 91 <br />
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