FY2025 Proposed Capital Improvement Program

Capital Project Summary

Capital Project Number: ED1050

Activity #: C1614.1614.02

Capital Project Title: Green 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: 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 166% of SRC. The Board of Education approved the recommendation 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 school is expected to open for students in the fall of 2025.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2025

2026

2027

2028

2029

2030 Costs After

Site Work- State's Share

3,547,607 3,547,607

A&E - State's Share 1,469,135 1,469,135 Construction - State's Share 20,252,258 21,516,950 -1,264,692 Equipment - State's Share 1,235,000 1,235,000 Site Work - County's Share 2,466,950 2,466,950 A&E - County's Share 791,072 791,072 Construction - County's Share 22,626,633 21,361,941 1,264,692 Equipment - County's Share 665,000 665,000 Total Cost: 53,053,655 53,053,655

Funding Schedule:

Project Total

Prior Budget

Categories

2025

2026

2027

2028

2029

2030 Costs After

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

26,504,000 27,768,692 -1,264,692

8,400,000 8,400,000

6,345,309 5,080,617 1,264,692

Trans from School Construction

6,375,000 6,375,000

General Obligation Bonds

5,429,346 5,429,346 53,053,655 53,053,655

Total Cost:

206

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