FY2025 Proposed Capital Improvement Program

Capital Project Summary

Capital Project Number: ED5903

Activity #: C1035.1035.02

Capital Project Title: Spring Ridge ES Limited Renovations

Region:

Capital Project Status: In Progress Asset Type: Systemic Asset Category: Board of Education

Year Identified: 2023 Est Completion Date: 6/30/2025

Capital Project Description: Spring Ridge ES was constructed in 1991 and has been identified as qualifying for a limited renovation due to its age and facility condition index (FCI). The limited renovation will renovate or replace more than 5 building systems and improve building finishes for the entire 66,276 sq ft building including cooperative use space for 647 students. The project will improve size and adjacencies of existing spaces, provide code compliance, focus on energy efficiency and reduce operating costs, and upgrade building systems to current FCPS standards. The project will be completed in two phases over the summers of 2024 and 2025 to minimize disruption.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2025

2026

2027

2028

2029

2030 Costs After

Construction - State's Share 11,693,049 7,462,049 4,231,000 Construction - County's Share 6,513,210 5,251,320 1,261,890 Total Cost: 18,206,259 12,713,369 5,492,890

Funding Schedule:

Project Total

Prior Budget

Categories

2025

2026

2027

2028

2029

2030 Costs After

MD BOE - Capital Project General Obligation Bonds MD BOE - Cash Forward Funding

10,635,299 5,684,277 4,951,022 6,513,210 5,251,320 1,261,890 1,057,750 1,777,772 -720,022

Total Cost:

18,206,259 12,713,369 5,492,890

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