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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