FY2024-FY2029 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: 8/31/2028
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. A school site for the Eastern County Area ES has not been identified; purchasing a site is a critical need. Design of the school will utilize the current elementary school prototype design and have a state rated capacity (SRC) of 725. It is anticipated that the new school will primarily help balance enrollments at schools located on the East side of Frederick City, such as, Blue Heron ES (100%) and Oakdale ES (144%)as well as the additional growth expected in the City that feeds into Spring Ridge ES (94%) and Parkway ES (109%).
Cash Requirement Schedule:
Project Total
Prior Budget
Categories
2024
2025
2026
2027
2028
2029 Costs After
Land
4,500,000 3,000,000
1,500,000
Site Work- State's Share
4,002,786 2,077,344
4,002,786 2,077,344
A&E - State's Share
Construction - State's Share 21,759,774
3,250,000 18,509,774
Site Work - County's Share
2,182,327 2,963,873
2,182,327 2,963,873
A&E - County's Share
Construction - County's Share 13,130,143
1,750,000 11,380,143
Equipment - County's Share
2,000,000
2,000,000
Total Cost:
52,616,247 3,000,000
1,500,000 16,226,330 29,889,917 2,000,000
Funding Schedule:
Project Total
Prior Budget
Categories
2024
2025
2026
2027
2028
2029 Costs After
Trans from Impact Fee
20,175,906 2,000,000
1,500,000 6,896,200 7,779,706 2,000,000
Trans from School Construction
3,600,437
3,600,437
General Obligation Bonds MD BOE - Cash Forward Funding
1,000,000 1,000,000
27,839,904
9,330,130 18,509,774
Total Cost:
52,616,247 3,000,000
1,500,000 16,226,330 29,889,917 2,000,000
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