FY2026-FY2031 Proposed Capital Improvement Program

Capital Project Summary

Capital Project Number: GG2047

Activity #: C3211.3211.01

Capital Project Title: General Acquisition Account

Region: Countywide

Capital Project Status: In Progress Asset Type: Other Asset Category: General Government

Year Identified: 2022 Est Completion Date: 12/31/2029

Capital Project Description: Based on the increasing growth across Frederick County, the need for additional property and facilities is evident. Additional property and facilities will allow for increased resources and the ability to expedite delivery of public services. It would also permit future growth opportunities as the County workforce continues to expand. This account would permit acquisition of property and facilities based upon opportunities as they arise. Funds may also be utilized to address costs after the initial purchase, including but not limited to, rights-of-way, easements, entrances, studies, etc.) Once an option to purchase property is executed, a separate project could be created and the appropriate funds transferred.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2026

2027

2028

2029

2030

2031 Costs After

Land

11,573,500 3,073,500 3,250,000 2,250,000 2,250,000 250,000 250,000 250,000 11,573,500 3,073,500 3,250,000 2,250,000 2,250,000 250,000 250,000 250,000

Total Cost:

Funding Schedule:

Project Total

Prior Budget

Categories

2026

2027

2028

2029

2030

2031 Costs After

Trans from General Fund General Obligation Bonds Bond Premium / Discount

10,073,500 1,573,500 3,250,000 2,250,000 2,250,000 250,000 250,000 250,000

1,488,000 1,488,000

12,000

12,000

Total Cost:

11,573,500 3,073,500 3,250,000 2,250,000 2,250,000 250,000 250,000 250,000

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