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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