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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