FY2025 Proposed Capital Improvement Program
Capital Project Summary
Capital Project Number: ED1046
Activity #: C1610.1610.02
Capital Project Title: Valley ES Replacement/Addition
Region:
Capital Project Status: In Progress Asset Type: New/Modernizations Asset Category: Board of Education
Year Identified: 2021 Est Completion Date: 8/31/2025
Capital Project Description: Valley ES was originally constructed in 1967, with a small addition in 1974. No other significant renovations have been completed in nearly 50 years. The Board of Education approved the feasibility study recommendation to replace the school on the current site. The new school ’ s design includes additional education spaces (2 special ed classrooms), a computer data center, a bus parking lot on site, and a cooperative Parks & Recreation gym. VES will have a state rated capacity of 745 students. The state funding for this project comes 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 school is expected to open in the fall of 2025.
Cash Requirement Schedule:
Project Total
Prior Budget
Categories
2025
2026
2027
2028
2029
2030 Costs After
Studies / Surveys
0
Site Work- State's Share
3,605,702 3,605,702
A&E - State's Share 1,531,807 1,531,807 Construction - State's Share 20,636,491 21,695,441 -1,058,950 Equipment - State's Share 1,235,000 1,235,000 Site Work - County's Share 1,332,716 1,332,716 A&E - County's Share 0 Construction - County's Share 27,054,260 25,995,310 1,058,950 Equipment - County's Share 665,000 665,000 Total Cost: 56,060,976 56,060,976
Funding Schedule:
Project Total
Prior Budget
Categories
2025
2026
2027
2028
2029
2030 Costs After
MD BOE - Built To Learn Trans from General Fund Trans from Impact Fee Trans from School Mitigation
27,009,000 28,067,950 -1,058,950
2,798,900 2,798,900 9,000,000 9,000,000 198,555 198,555
Trans from School Construction
6,058,950 5,000,000 1,058,950
General Obligation Bonds Recordation Tax Bonds MD BOE - Cash Forward Funding
5,250,571 5,250,571 5,745,000 5,745,000
0
Total Cost:
56,060,976 56,060,976
204
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