FY2023-FY2028 Adopted Capital Improvement Program

Capital Project Summary

Capital Project Number: ED1048

Activity #: C1611.1611.02

Capital Project Title: Eastern Frederick ES Asset Type: New/Modernizations Asset Category: Board of Education

Region:

Year Identified: 2021 Est Completion Date: 8/31/2026

Capital Project Status: Active

Capital Project Description: A new elementary school is needed to serve the new residential subdivisions on the east side of Frederick City as well as the growing communities located in the County along I-70 east of Frederick City. Design of the school will utilize the current elementary school prototype design and have a state rated capacity (SRC) of 705. It is anticipated that the new school will primarily help balance enrollments at schools located on the East side of Frederick City, such as Spring Ridge ES (currently operating at 83% of SRC), Blue Heron ES (112%), and Oakdale ES (149%). The new school site has not been identified, as several sites are currently being evaluated.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2023

2024

2025

2026

2027

2028 Costs After

Land

3,000,000 3,366,378

3,000,000

Site Work- State's Share

3,366,378

Construction - State's Share 17,717,778

5,000,000 12,717,778 3,059,065 18,640,779

Site Work - County's Share

21,699,844 1,408,600

A&E - County's Share

1,408,600 3,194,614

Construction - County's Share 3,194,614

Equipment - County's Share

1,900,000 52,287,214

1,900,000

Total Cost:

3,000,000 16,028,657 31,358,557 1,900,000

Funding Schedule:

Project Total

Prior Budget

Categories

2023

2024

2025

2026

2027

2028 Costs After

Trans from Impact Fee

26,602,621 3,600,437 1,000,000 21,084,156

2,000,000 7,662,279 15,040,342 1,900,000

Trans from School Construction

3,600,437

General Obligation Bonds MD BOE - Cash Forward Funding

1,000,000

8,366,378 12,717,778

Total Cost:

52,287,214

3,000,000 16,028,657 31,358,557 1,900,000

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