FY2024-FY2029 Adopted Capital Improvement Program

Capital Project Summary

Capital Project Number: ED1050 Capital Project Title: Green Valley ES Replacement/Addition Asset Type: New/Modernizations Asset Category: Board of Education Capital Project Status: In Progress

Activity #: C1614.1614.02

Region:

Year Identified: 2021 Est Completion Date: 8/31/2025

Capital Project Description: Green Valley ES is a 50 year old building. There have been no significant renovations to this open space building, other than occasional systemic projects. The school currently serves grades K-5 and is operating at 157% of SRC. The Board of Education approved the recommendation of the Green Valley ES Feasibility Study to replace the school on a nearby site in the Landsdale community on Ed McLain Rd and Monrovia Boulevard utilizing the current elementary school prototype design. The new approximately 86,000 sq. ft building will have a State Rated Capacity of approximately 725. 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 outlines 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

Site Work- State's Share

3,547,607 1,773,804 1,773,803

A&E - State's Share 1,469,135 1,469,135 Construction - State's Share 21,516,950 815,817 20,701,133 Equipment - State's Share 1,235,000 1,235,000 Site Work - County's Share 2,466,950 1,233,475 1,233,475 A&E - County's Share 791,072 791,072 Construction - County's Share 15,366,941 694,287 14,672,654 Equipment - County's Share 665,000 665,000 Total Cost: 47,058,655 6,777,590 40,281,065

Funding Schedule:

Project Total

Prior Budget

Categories

2024

2025

2026

2027

2028

2029 Costs After

MD BOE - Built To Learn Trans from Impact Fee Trans from School Mitigation

27,768,692 4,058,756 23,709,936 8,400,000 2,400,000 6,000,000

2,000,000 6,375,000

2,000,000 6,375,000

Trans from School Construction

General Obligation Bonds

2,514,963 318,834 2,196,129 47,058,655 6,777,590 40,281,065

Total Cost:

268

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