FY2021 Adopted Budget

Capital Project Summary

Capital Project Number: ED1043

Activity #: C1701.1701.02

Capital Project Title: Oakdale MS: Addition Asset Type: New/Modernizations Asset Category: Board of Education

Region: New Market

Year Identified: 2019 Est Completion Date: 8/31/2021

Capital Project Status: In Progress

Capital Project Description: Oakdale Middle School opened in 2001. The building was designed to accommodate a future addition. The core facilities were sized to handle the student population with the future addition. Currently, Oakdale Middle School has a state rated capacity (SRC) of 775 and is at 113% of state rated capacity. The school is located in one of the fastest growing areas of Frederick County Growth expected over the next ten years which will necessitate the need for additional school seats. The addition to Oakdale Middle will increase the capacity of the existing school by 298 students, adding about 21,000 SF to the existing building, including 12 additional classrooms, 2 science classrooms, a science prep room, student support offices, and other required spaces. This project is utilizing the first design-build project delivery approach for FCPS. The project has an accelerated schedule, with construction expected to begin in the summer of 2020 and completion in the summer of 2021.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2021

2022

2023

2024

2025

2026 Costs After

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

0 598,158 -598,158 0 3,148,200 -3,148,200

1,375,220 1,214,442 160,778

A&E - County's Share

611,000 681,000

-70,000 49,602 500,000

Construction - County's Share 8,659,018 8,609,416

Equipment - County's Share

500,000

Total Cost:

11,145,238 14,251,216 -3,105,978

Funding Schedule:

Project Total

Prior Budget

Categories

2021

2022

2023

2024

2025

2026 Costs After

Trans from Impact Fee

7,443,238 6,308,858 1,134,380 3,507,813 4,001,813 -494,000

Impact Fee Bonds

Bond Premium / Discount MD BOE - Cash Forward Funding

194,187 194,187

0 3,746,358 -3,746,358

Total Cost:

11,145,238 14,251,216 -3,105,978

670

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