Harford County, MD FY 24 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:

$614,028 (annual)

X

Expended/Encumbered as of 1/9/23: $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 2024 Approp Total

FY 2025 FY 2026 FY 2027 FY 2028 FY 2029

TOTAL

Engineering/Design Land Acquisition

2,609,000

2,609,000

2,609,000

0

0

Construction

26,795,794 16,715,000 43,510,794 11,453,000

54,963,794

Inspection Fees

0

0

Equipment/Furnishing

0 1,975,000

1,975,000

Total Cost:

29,404,794 16,715,000 46,119,794 13,428,000

0

0

0

0 59,547,794

FUNDING SCHEDULE

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

10,965,369 5,915,000 16,880,369 11,170,000

28,050,369 11,125,000 18,439,425 1,933,000

10,800,000 10,800,000 325,000

18,439,425

18,439,425

0 1,933,000

0

0

Total Cost:

29,404,794 16,715,000 46,119,794 13,428,000

0

0

0

0 59,547,794

150