FY 23 APPROVED CAPITAL BUDGET

Chesapeake Welcome Center

HARFORD COMMUNITY COLLEGE Project Number: C204109 Council District: E Location: Churchville Est. Debt Service:

Operating Budget Impact

Revenues:

Expenditures: Cost Savings: None:

$424,436 (annual)

X

Expended/Encumbered as of 2/9/22: $766,844

Project Schedule/Status: January 2021 - June 2022: Engineering/Design October 2022 - March 2024: Construction August 2023 - March 2024: Equipment/Furnishing

PROJECT DESCRIPTION: Capital renovation to the Chesapeake Center to consist of comprehensive upgrades to this facility to include multi-story additions to the building. The building will be reconfigured to serve as the College's new "Welcome Center" to the campus, providing services for new, returning students and the community at large.

EXPENDITURE SCHEDULE

Approp Total

Cost Element

Prior

FY 2023

FY 2024 FY 2025 FY 2026 FY 2027 FY 2028

TOTAL

Engineering/Design Land Acquisition

2,609,000

2,609,000

2,609,000

0

0

Construction

1,281,425 28,285,000 29,566,425 5,442,000

35,008,425

Inspection Fees

0

0

Equipment/Furnishing

0 4,135,600

4,135,600

Total Cost:

3,890,425 28,285,000 32,175,425 9,577,600

0

0

0

0 41,753,025

FUNDING SCHEDULE

R7920 State Bonds R7000 Future Bonds R7100 Prior Bonds R6999 Other HCC

1,143,000 14,055,000 15,198,000 5,115,000

20,313,000 16,760,000 2,747,425 1,932,600

14,230,000 14,230,000 2,530,000

2,747,425

2,747,425

0 1,932,600

0

0

Total Cost:

3,890,425 28,285,000 32,175,425 9,577,600

0

0

0

0 41,753,025

146