FY2025 Proposed Capital Improvement Program

Capital Project Summary

Capital Project Number: ED1025

Activity #: C1606.1606.02

Capital Project Title: Liberty ES: Replacement

Region: New Market

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

Year Identified: 2016 Est Completion Date: 8/31/2030

Capital Project Status: Active

Capital Project Description: Liberty ES is a multi- story building, with nearly 43,000 square feet, originally constructed in 1927 with additions in 1950, 1967 and 1982. Other than a minor renovation in 1982, there have been no other significant renovations of this school, and the facility condition is rated critical. A feasibility study to define the scope of work was completed in April 2019 and the Board of Education voted to replace the existing school with a modern facility to meet the current educational specifications and curricular requirements. The school has a current SRC of 274; the replacement school is anticipated to have a state rated capacity of 725. The State of Maryland will not participate in 100% of the new seats at this time. 7KH %RDUG RI (GXFDWLRQ KDV QRW \HW KDG FRQYHUVDWLRQV DERXW VFKRRO FRQVROLGDWLRQ RU UHGLVWULFWLQJ WR PD[LPL]H 6WDWH SDUWLFLSDWLRQ LQ WKH SURMHFW 7KRVH FRQYHUVDWLRQV DQG SHQGLQJ GHFLVLRQV ZLOO GHWHUPLQH ORFDO SDUWLFLSDWLRQ

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2025

2026

2027

2028

2029

2030 Costs After

Studies / Surveys

0 0 0 0 0

Site Improvement - NonBldg

Architect/Engineering

Construction

Capital Approp Equipment Site Work- State's Share

4,368,653 4,810,600

4,368,653

A&E - State's Share

2,405,300 2,405,300 4,326,525 18,666,388

Construction - State's Share 22,992,913

Equipment - State's Share Site Work - County's Share

1,474,000 2,567,188 2,431,352

1,474,000

2,567,188

A&E - County's Share

1,215,676 1,215,676 2,500,000 14,060,982

Construction - County's Share 16,560,982

Equipment - County's Share Studies - County's Share

726,000 78,500

726,000

78,500 78,500

Total Cost:

56,010,188

17,383,342 36,348,346 2,200,000

Funding Schedule:

Project Total

Prior Budget

Categories

2025

2026

2027

2028

2029

2030 Costs After

Trans from General Fund Trans from Impact Fee

1,798,625 10,565,356 3,578,500

1,798,625

2,667,873 7,597,483 300,000

Trans from School Construction

78,500

1,500,000 2,000,000

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

6,421,541

2,114,991 3,880,550 426,000

0 0

33,646,166

11,100,478 21,071,688 1,474,000

Total Cost:

56,010,188

78,500

17,383,342 36,348,346 2,200,000

202