FY2023-FY2028 Adopted Capital Improvement Program

Capital Project Summary

Capital Project Number: ED1022

Activity #:

Capital Project Title: Northern Frederick City Area ES: New

Region: Frederick

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

Year Identified: 2010 Est Completion Date: 8/31/2028

Capital Project Status: Active

Capital Project Description: This project will construct a new elementary school intended to relieve overcrowding and balance enrollment at the adjacent schools and to serve a new annexation approved by Frederick City on the north side of town. This school is located in the Tuscarora Crossing development on Walter Martz Road on a site dedicated through the development approval process. The new school will have a capacity of approximately 705 students. Recommendations from the Yellow Springs ES Feasibility study will be considered when determining the scope of this future project.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2023

2024

2025

2026

2027

2028 Costs After

Site Work- State's Share

3,452,633

3,452,633

Construction - State's Share 18,171,754

18,171,754

Site Work - County's Share

2,572,906 2,075,640

2,572,906

A&E - County's Share

2,075,640

Construction - County's Share 18,961,346

1,517,820 974,461 16,469,065

Equipment - County's Share

1,900,000 47,134,279

1,900,000

Total Cost:

3,593,460 7,000,000 36,540,819

Funding Schedule:

Project Total

Prior Budget

Categories

2023

2024

2025

2026

2027

2028 Costs After

Trans from Impact Fee General Obligation Bonds MD BOE - Cash Forward Funding

14,000,000 11,509,892 21,624,387

1,500,000 1,500,000 11,000,000 2,093,460 2,047,367 7,369,065

3,452,633 18,171,754

Total Cost:

47,134,279

3,593,460 7,000,000 36,540,819

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