FY2024-FY2029 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 Board of Education approved the feasibility study recommendation to replace the school on the current site. The new school will include bid alternates for additional education spaces (2 special ed classrooms), a computer data center, a bus parking lot on site, and a cooperative Parks & Recreation gym. VES is being designed with a state rated capacity of 745 students. The state funding for this project will come from Built to Learn funds designated for Frederick County through legislation. A MOU between the Maryland Stadium Authority, the Board of Education, and Frederick County Government will outline the timing of funding. The County is required to provide local matching funds only.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2024

2025

2026

2027

2028

2029 Costs After

Studies / Surveys

0

Site Work- State's Share

3,605,702 1,802,851 1,802,851

A&E - State's Share 1,531,807 1,531,807 Construction - State's Share 21,695,441 879,654 20,815,787 Equipment - State's Share 1,235,000 1,235,000 Site Work - County's Share 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 7,146,454 43,001,819

Funding Schedule:

Project Total

Prior Budget

Categories

2024

2025

2026

2027

2028

2029 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

6,000,000 5,000,000 2,403,181 5,745,000

6,000,000 5,000,000 2,403,181 5,745,000

Trans from School Construction

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

0

Total Cost:

50,148,273 7,146,454 43,001,819

265

Made with FlippingBook - professional solution for displaying marketing and sales documents online