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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