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APPLICATION <br />PUBLIC SCHOOL BUILDING GAMETAL FUND <br />NORTH CAROLINA EDUCATION LOTTERY <br />County: Cabarrus <br />LEA: Cabarrus County #130 <br />Approved: <br />Date: <br />Contact Person: Kelly Kluttz <br />Title: Flnance Director <br />Address: P C Box 388 Concord, NC 28026 -0;d Phone: <br />Project Title: 2013 -14 Deb Service for School Cons truction <br />704- 262 -6144 <br />Location: Concord, NC <br />Type of Facility: Debt Service for School Construction (COPS 2008A, COPS 2009, and LOBS 2011 C) <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 2008A, COPS 2009 & LOBS 2011C <br />issued to billed and renovate School Buildings for the Cabarrus CountySchool District <br />Estimated Costs: <br />Purchase of Land $ <br />Planning and Design Services <br />New Construction <br />Additions l Renovations <br />Repair <br />Debt Payment I Bond Payment <br />TOTAL <br />$ <br />4,273, 257.00 <br />Estimated Project Beginning Date: 7 -1-13 Est, Project Completion Date: 6 -30-14 <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 $ 4,273,257.00 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 />(Sig a e —Chair, County Commissioners) (Date) <br />(Signature -- Chair, Board of Education) (fate) <br />Farm Date: July 01, 2011 <br />Attachment number 1 <br />4,273,257.00 <br />F -6 Page 105 <br />