FY 23 APPROVED CAPITAL BUDGET

Homestead Wakefield Elementary Major Project

BOARD OF EDUCATION Project Number:

Operating Budget Impact

B224106

Council District:

C

Revenues:

Location:

Bel Air

Expenditures: Cost Savings: None:

Est. Debt Service:

$704,375 (annual)

X

Expended/Encumbered as of 2/9/22: $956,982

Project Schedule/Status: Construction to begin in 2022. Design currently underway.

PROJECT DESCRIPTION: Homestead Wakefield Elementary School in Bel Air, MD consists of three (3) separate structures. The entire campus consists of approximately 115,458 square feet. The Wakefield school building was constructed in 1958 and consists of approximately 58,425 square feet. In 1966, the Homestead building was constructed, which consist of approximately 52,628 square feet. A remote kindergarten building was constructed near the Wakefield building in 1968 and consists of approximately 4,585 square feet. The three building school is aged, antiquated, inefficient and poses may safety concerns. Additionally, forty feet of elevation separates Wakefield from Homestead adding to the complexity of operating a three building campus. The site also has stormwater issues, traffic congestion without a separate bus drop off loop, aged playground equipment, and a 50 year underground storage tank. The building equipment is at its end of life, there are building leaks, lighting issues, major HVAC concerns, and lack of ADA compliance. The program space for educational purposed are inadequate. A revised scope study recommending completely\ replacing the Homestead/Wakefield Elementary school on the site of the Wakefield building was approved by the BOE in February 2021. The scope study also analyzed the facility capacity in coordination with the balancing enrollment study. It was determined that a capacity of 1,100 students was needed to address capacity concerns in the area. Education specifications have been developed and approved by the local BOE and MSDE. The project is currently in design and construction to begin in 2021. This request is for the first year of construction funding. This project will be the number 1 priority for the State portion. EXPENDITURE SCHEDULE

Approp Total

Cost Element

Prior

FY 2023

FY 2024 FY 2025 FY 2026 FY 2027 FY 2028

TOTAL

Engineering/Design Land Acquisition

6,000,000

6,000,000

6,000,000

0

0

Construction

37,937,000 37,937,000 34,433,667

72,370,667

Inspection Fees

0

0

Equipment/Furnishing

0 4,200,000

4,200,000

Total Cost:

6,000,000 37,937,000 43,937,000 38,633,667

0

0

0

0 82,570,667

FUNDING SCHEDULE

R7920 State Bonds R7000 Future Bonds R7100 Prior Bonds

15,762,000 15,762,000 20,564,000 22,175,000 22,175,000 18,069,667

36,326,000 40,244,667 6,000,000

6,000,000

6,000,000

0 0

0 0

Total Cost:

6,000,000 37,937,000 43,937,000 38,633,667

0

0

0

0 82,570,667

167