FY 25 Harford County Proposed Capital Budget & Capital Improvement Program

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:

$709,546 (annual)

X

Expended/Encumbered as of 2/22/24: $958,782

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

Cost Element

Prior

FY 2025 Approp Total

FY 2026 FY 2027 FY 2028 FY 2029 FY 2030

TOTAL

Engineering/Design Land Acquisition

2,609,000

2,609,000

2,609,000

0

0

Construction

43,510,794 9,538,000 53,048,794

53,048,794

Inspection Fees

0

0

Equipment/Furnishing

1,975,000 1,975,000

1,975,000

Total Cost:

46,119,794 11,513,000 57,632,794

0

0

0

0

0 57,632,794

FUNDING SCHEDULE

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

16,880,369 9,255,000 26,135,369

26,135,369

325,000

325,000

325,000

29,239,425

29,239,425

29,239,425 1,933,000

1,933,000 1,933,000

0

0

Total Cost:

46,119,794 11,513,000 57,632,794

0

0

0

0

0 57,632,794

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