FY2025 Proposed Capital Improvement Program

Capital Project Summary

Capital Project Number: ED5905

Activity #:

Capital Project Title: Twin Ridge ES Limited Renovations

Region:

Asset Type: Systemic Asset Category: Board of Education

Year Identified: 2024 Est Completion Date: 6/30/2027

Capital Project Status: Active

Capital Project Description: Twin Ridge ES was constructed in 1992 and has been identified as a project qualifying for a limited renovation due to its age and facility condition index. Like other limited renovation projects, the Twin Ridge ES limited renovation is expected to improve five or more building systems as well as the educational environment for students within the entire 68,900 sf building.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2025

2026

2027

2028

2029

2030 Costs After

Site Work- State's Share

562,515

562,515

Construction - State's Share 11,826,665

8,305,411 3,521,254

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

586,250 277,059

586,250

277,059

Construction - County's Share 7,211,419

5,477,070 1,734,349

Equipment - County's Share

288,750

288,750

Total Cost:

20,752,658

14,622,055 6,130,603

Funding Schedule:

Project Total

Prior Budget

Categories

2025

2026

2027

2028

2029

2030 Costs After

Trans from General Fund General Obligation Bonds MD BOE - Cash Forward Funding

1,600,000 6,177,228 12,975,430

1,250,000 350,000 4,504,129 1,673,099 8,867,926 4,107,504

Total Cost:

20,752,658

14,622,055 6,130,603

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