FY2022-FY2027 Adopted Capital Improvement Program

Capital Project Summary

Capital Project Number: ED1025

Activity #: C1606.1606.02

Capital Project Title: Liberty ES: Replacement

Region: New Market

Asset Type: New/Modernizations Asset Category: Board of Education

Year Identified: 2016 Est Completion Date: 8/31/2027

Capital Project Status: Active

Capital Project Description: Liberty ES is a two story, nearly 55,000 square foot building, originally constructed in 1927 with additions in 1950, 1967 and 1982. Other than a minor renovation in 1982 of 18,000 sq. ft., there have been no other significant renovations of this school. This project will completely renovate the school and provide a modern facility to meet the current curriculum requirements. A feasibility study to define the scope of work was completed in April 2019.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2022

2023

2024

2025

2026

2027 Costs After

Studies / Surveys

0 0 0 0 0

Site Improvement - NonBldg

Architect/Engineering

Construction

Capital Approp Equipment Site Work- State's Share

3,449,523

3,449,523

Construction - State's Share 18,155,386

18,155,386

Site Work - County's Share

1,358,577 2,027,000

1,358,577

A&E - County's Share

2,027,000

Construction - County's Share 21,367,340

2,814,000 2,191,900 16,361,440

Equipment - County's Share Studies - County's Share

1,900,000

1,900,000

100,000 100,000 48,357,826 100,000

Total Cost:

4,841,000 7,000,000 36,416,826

Funding Schedule:

Project Total

Prior Budget

Categories

2022

2023

2024

2025

2026

2027 Costs After

Trans from General Fund Trans from Impact Fee

0 0

Trans from School Construction

5,600,000 100,000

2,000,000 1,500,000 2,000,000

General Obligation Bonds Recordation Tax Bonds Bonds - Forward Funding MD BOE - Cash Forward Funding

19,152,917 2,000,000

2,841,000 2,050,477 14,261,440

2,000,000

0

21,604,909

3,449,523 18,155,386

Total Cost:

48,357,826 100,000

4,841,000 7,000,000 36,416,826

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