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APPLICATION <br />PUBLIC SCHOOL BUILDING CAPITAL FUND <br />NORTH CAROLINA EDUCATION LOTTERY <br />County: Cabarrus <br />LEA: Kannapolis City Schools #132 <br />Address: 100 Denver St. Kannapolis, NC <br />Approved: <br />Date: <br />Contact Person: WIII Crabtree <br />Title: Director of Business Operatic <br />Phone: 704-938-1131 <br />Project Title: 2017-18 Debt Service for School Construction <br />Location: Kannapolis, NC <br />Type of Facility: Debt Service for School Construction <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 Kannapolis City Schools #132 <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 />246,000.00 <br />TOTAL $ 246,000.00 <br />Estimated Project Beginning Date: 7-1-17 Est. Project Completion Date: 6-30-18 <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 $ 246,000.00 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) <br />(Signature — Chair, Board of Education) <br />Foran Dale: July 01, 2011 <br />F-10 <br />(Date) <br />(Date) Alizchmenlnurn erg\n <br />Page 125 <br />