up
Budget Year / Version:  
anchor
anchor
anchor

Description

The project provides for the acquisition and build-out of the office building located at 14400 Sweitzer Lane.
anchor

Phase

Status

New
anchor
Budget Snapshot
$13.5M Total
Expenditures/Funding
$0M 6 Year Total
Expenditures/Funding
anchor

Estimated Schedule

Estimated completion date of purchase is June 2020.
anchor

Cost Change

Not applicable.
anchor

Justification

Acquisition of the building provides the following benefits: alleviates space issues at the Richard G. Hocevar Headquarters Building (RGH); avoids current lease costs; provides needed swing space for renovations at the RGH; improves security at the RGH by moving all public facing functions to the new building including Development Services - Permitting, Cashier functions, and inspectors for both Regulatory and Construction Divisions; provides needed parking; generates revenue from lease income; and, potential to serve as a Multi-Agency Service Center through co-located services with other government agencies. Additional benefits include: location across the street from the RGH; economical and secure IT connectivity; and, investment in an asset vs. lease.
anchor

Other

The present project scope was developed as an amendment to the FY2020 CIP and has a projected total cost of $13,500,000. The schedule and expenditure information shown in the PDF are based upon the best available information for purchase of the building, partial build-out of space and related costs. Constructed in 2000, this modern, Class A, LEED Silver Certified, four story building with approximately 121,000 square feet of space and 479 parking spaces is located on 1.84 acres, across the street from RGH, near the Montgomery and Prince George's County line. In comparison, the estimated new construction cost including land for a building this size is approximately $36 million. The CIP amendment for the acquisition of the building requires the approval of both the Montgomery and Prince George's County Councils.
anchor

Coordination

Coordinating Agencies: Montgomery County Government, Prince George's County Government

Coordinating Projects: Not Applicable

Download & Explore
Budget Snapshot
$13.5M Total
Expenditures/Funding
$0M 6 Year Total
Expenditures/Funding
anchor
Project Details
Project NumberP382007
Date Last Modified04/25/20
Administering AgencyW.S.S.C.
CategoryWSSC
SubCategoryWater Bi-County
Planning AreaBi-County
anchor
Total Expenditures by Cost Element (000s)
anchor
Total Funding by Source (000s)
EXPENDITURES (000s)
Cost ElementsTotalThru FY19Est FY20Total 6 YearsFY 21FY 22FY 23FY 24FY 25FY 26Beyond 6 Years
Planning, Design and Supervision00000000000
Land00000000000
Site Improvements and Utilities00000000000
Construction00000000000
Other1350001350000000000
Total Expenditures1350001350000000000
FUNDING (000s)
Funding SourceTotalThru FY19Est FY20Total 6 YearsFY 21FY 22FY 23FY 24FY 25FY 26Beyond 6 Years
WSSC Bonds1350001350000000000
Total Funding Sources1350001350000000000
OPERATING BUDGET IMPACT ($000s)
Impact TypeTotal 6 YearsFY 21FY 22FY 23FY 24FY 25FY 26
Maintenance1104--1104---
Program-Staff-2249---2249---
Cost Savings824--824---
NET IMPACT-321---321---
APPROPRIATION AND EXPENDITURE DATA ($000s)
Appropriation FY 21 Request0
Year First AppropriationFY20
Appropriation FY 22 Request0
Last FY's Cost Estimate0
Cumulative Appropriation13500
Expenditure / Encumbrances0
Unencumbered Balance13500