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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