FY2023-FY2028 Adopted Capital Improvement Program

Capital Project Summary

Capital Project Number: ED1046

Activity #: C1610.1610.02

Capital Project Title: Valley ES Replacement/Addition

Region:

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

Year Identified: 2021 Est Completion Date: 8/31/2025

Capital Project Status: Active

Capital Project Description: Valley ES was originally constructed in 1967, with a small addition in 1974. No other significant renovations have been completed in nearly 50 years. The FCI for the building is 52% and is classified as critical. The Board of Education recently approved the recommendation of the Valley ES Feasibility Study to replace the school on site, utilizing our current elementary school prototype design including the alternative education spaces (2 special ed classrooms) and a cooperative Parks & Recreation gym. The new 92,196 sq ft building will have a state rated capacity for the project will be 705. The project delivery method will be CM At Risk.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2023

2024

2025

2026

2027

2028 Costs After

Studies / Surveys

0

Site Work- State's Share

3,605,702 1,531,807

1,802,851 1,802,851

A&E - State's Share

1,531,807

Construction - State's Share 21,695,441

879,654 20,815,787

Equipment - State's Share Site Work - County's Share

1,235,000

1,235,000

1,332,716 1,332,716

A&E - County's Share 0 Construction - County's Share 20,082,607 1,599,426

18,483,181

Equipment - County's Share

665,000

665,000

Total Cost:

50,148,273 2,932,142 4,214,312 43,001,819

Funding Schedule:

Project Total

Prior Budget

Categories

2023

2024

2025

2026

2027

2028 Costs After

MD BOE - Built To Learn Trans from General Fund Trans from Impact Fee

28,067,950

4,214,312 23,853,638

2,932,142 2,932,142

10,245,000 2,500,000

10,245,000 2,500,000

Trans from School Construction

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

2,403,181 4,000,000

2,403,181 4,000,000

0

Total Cost:

50,148,273 2,932,142 4,214,312 43,001,819

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