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AG 2012 08 20
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AG 2012 08 20
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Last modified
8/21/2012 1:00:56 PM
Creation date
11/27/2017 11:10:58 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
8/20/2012
Board
Board of Commissioners
Meeting Type
Regular
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APPLICATION <br />PUBLIC SCHOOL BUILDING CAPITAL FUND <br />NORTH CAROLINA EDUCATION LOTTERY <br />County: Caba rrus <br />LEA: Cabarrus County #130 <br />Address: P O Box 388 Concord, NC <br />Approved: <br />Date: <br />Contact Person: <br />Kelly Kluttz <br />Title: <br />Finance Director <br />Phone: <br />704- 262 -6144 <br />Project Title: 2012 -13 Debt Service for School Construction <br />Location: Concor NC <br />Type of Facility: Debt Service for School Construction (COPS 2008A and COPS <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 and COPS 2009. COPS 2008A <br />issued to build 1 school and COPS 2009 issued to build 4 schools for Cabarrus Cty Sch District <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 6,371,266.00 <br />TOTAL $ 6,371,266.00 <br />Estimated Project Beginning Date: 7 -1 -12 Est. Project Completion Date: 6 -30 -13 <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 $ 6,371,266.00 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: July 01, 2011 <br />Attachment number 2 <br />F -3 Page 101 <br />
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