FY2025 Proposed Capital Improvement Program

Capital Project Summary

Capital Project Number: ED1022

Activity #: C1615.1615.02

Capital Project Title: Yellow Springs ES Replacement

Region: Frederick

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

Year Identified: 2010 Est Completion Date: 8/31/2026

Capital Project Status: Active

Capital Project Description: Yellow Springs ES 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 new school is expected to open in August 2026. The former site of the Yellow Springs ES will be retained by the Board of Education for future needs in the area.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2025

2026

2027

2028

2029

2030 Costs After

Site Work- State's Share

4,345,323 4,345,323

A&E - State's Share 2,275,593 2,275,593 Construction - State's Share 25,381,786 4,941,084 20,440,702 Equipment - State's Share 1,474,900 1,306,798 1,306,798 Construction - County's Share 16,532,852 2,058,916 14,473,936 Equipment - County's Share 632,100 Site Work - County's Share 2,339,790 2,339,790 A&E - County's Share

1,474,900

632,100

Total Cost:

54,289,142 17,267,504 34,914,638 2,107,000

Funding Schedule:

Project Total

Prior Budget

Categories

2025

2026

2027

2028

2029

2030 Costs After

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

20,846,480 11,562,000 9,284,480

81,478

81,478

6,121,665 2,285,700 3,203,865 632,100

14,608,397 3,338,326 11,270,071

12,631,122

11,156,222 1,474,900

Total Cost:

54,289,142 17,267,504 34,914,638 2,107,000

200

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