FY2024-FY2029 Adopted Capital Improvement Program

Capital Project Summary

Capital Project Number: ED1022

Activity #: C1615.1615.02

Capital Project Title: Northern Frederick City area ES New (Yellow Springs ES)

Region: Frederick

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

Year Identified: 2010 Est Completion Date: 8/31/2027

Capital Project Status: Active

Capital Project Description: Yellow Springs ES is approximately 52,600 gross square feet and was originally constructed in 1957 with additions in 1966 and 1974. The building and has a state rated capacity (SRC) of 453. A feasibility study was completed, in September 2022, and the Board of Education approved the replacement of the Yellow Springs ES. This project will construct the replacement school at a site in the Tuscarora Creek subdivision, near Walter Martz Road and Christopher ’ s Crossing, in the City of Frederick. The replacement Yellow Springs ES will have a new 745 SRC and is anticipated to relieve capacity issues and utilize a new prototype design. The former site of the Yellow Springs ES will be demolished, once the new school is operational, and the site will be retained by the Board of Education for future needs in the area.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2024

2025

2026

2027

2028

2029 Costs After

Site Work- State's Share

4,345,323 2,275,593

4,345,323 2,275,593

A&E - State's Share

Construction - State's Share 24,241,658

4,941,084 19,300,574

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

1,300,000 2,339,790 1,225,320

1,300,000

2,339,790 1,225,320

A&E - County's Share

Construction - County's Share 12,451,533

2,058,916 10,392,617

Equipment - County's Share

700,000

700,000

Total Cost:

48,879,217

17,186,026 29,693,191 2,000,000

Funding Schedule:

Project Total

Prior Budget

Categories

2024

2025

2026

2027

2028

2029 Costs After

MD BOE - Capital Project Trans from Impact Fee General Obligation Bonds MD BOE - Cash Forward Funding

11,562,000 6,234,894 10,481,749 20,600,574

11,562,000

2,285,700 3,949,194

3,338,326 6,443,423 700,000

19,300,574 1,300,000

Total Cost:

48,879,217

17,186,026 29,693,191 2,000,000

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