FY2023-FY2028 Adopted Capital Improvement Program

Capital Project Summary

Capital Project Number: ED1024

Activity #:

Capital Project Title: Middletown Campus Placeholder

Region: Middletown

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

Year Identified: 2021 Est Completion Date: 8/31/2029

Capital Project Status: Active

Capital Project Description: The Board of Education approved the architect for a feasibility study of the Middletown Campus on March 9, 2022. The study will examine facility needs at the High School, Middle School, Elementary School and campus road access throughout the entire school campus, plus the phasing and the cost of meeting identified needs. The study will consider renovating the existing schools, renovating the existing schools with additions and replacement of one or more buildings. All three schools are on the high priority for modernization in the recently completed FCPS Facilities Assessment. The intent of this project is to fund the first phase of a multi-year plan to update the building systems and spaces to current education sufficiency standards for Middletown High, Middle and Elementary schools and the entire campus road access and configuration. The scope and timing of the various phases of the project will follow the preferred order of operations established by the Middletown Campus Feasibility Study, approved in March 2022.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2023

2024

2025

2026

2027

2028 Costs After

Studies / Surveys

400,000

400,000

Site Improvement - NonBldg

0 0 0 0 0

Architect/Engineering

Construction

Capital Approp Equipment Capital Approp - Studies Site Work- State's Share

1,337,722

1,337,722 26,754,450

Construction - State's Share 26,754,450

Site Work - County's Share

720,312

720,312

A&E - County's Share

2,593,000

2,593,000

Construction - County's Share 22,844,553

2,751,500 20,093,053

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

4,000,000

4,000,000

0

Total Cost:

58,650,037

400,000

5,344,500 52,905,537

Funding Schedule:

Project Total

Prior Budget

Categories

2023

2024

2025

2026

2027

2028 Costs After

Trans from General Fund

5,400,000 5,500,000

400,000

5,000,000

Trans from School Construction

2,500,000 3,000,000

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

19,657,865

2,844,500 16,813,365

0

28,092,172

28,092,172

Total Cost:

58,650,037

400,000

5,344,500 52,905,537

243

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