PROPOSED FY 2023 - 2027 Capital Improvement Program
Falling Branch Corporate Park Phase II Total Project Cost: $8.0M Project Status:
Continuing
PROJECT DESCRIPTION Falling Branch Corporate Park Phase II is a 100-acre parcel purchased to expand Falling Branch Corporate Park Phase I. The largest lot in Falling Branch Phase I is 16.2 acres requiring additional property expansion. Falling Branch Phase II will be developed in a similar fashion to Phase I with pregraded pads, roads, and utilities to site. Montgomery County Economic Development Authority is selling approximately 41 acres to SunCap, LLC to construct a 250,000 sq. ft. distribution center valued at over $20M. The second Pad in Falling Branch Phase II will be 25 acres with the ability to develop a 300,000 sq. ft. building.
FUNDING SOURCES • •
Cash-to-Capital – $8.0M Annual maintenance costs will be supported by the general fund.
Project - Falling Branch Corporate Park - Phase II Planning and Design Land Acquisition Site Improvements and Prep Construction Contingency Total Project Costs
Funding Proceeds to Date County Cash to Capital - Transfer from GF Additional County Cash to Capital Total Funding Sources
Operating Costs Maintenance Total Operating Costs
Prior Years thru FY 22
FY 23
$110,934
FY 24
FY 25
FY 26
FY 27
Total FY 23-27 $0
Grand Total $110,934
$0
$0
$2,490,000
$0
$4,922,960
$4,922,960
$0 $0
$492,296 $5,415,256
$8,016,190
$0
$0
$0
$0
$0
$2,490,000
$0
$0
$0
$0
$0
$4,922,960
$0
$0
$0
$0 $2,600,934
$492,296 $5,415,256
$0 $0
$0 $0
$0 $0
Prior Years thru FY 22
FY 23
$4,139,917
$803,989
$0
$0
$0
$0
$803,989
$0 $4,139,917
$3,072,284 $3,876,273
$0 $0
$0 $0
$0 $0
$0 $0
$3,072,284 $3,876,273
FY 24
FY 23
FY 25
FY 26
FY 27
Total FY 23-27
Total FY 23-27
FY 24
FY 25
FY 26
FY 27
$0
$25,000
$25,000
$25,000
$25,000
$100,000
$0
$25,000
$25,000
$25,000
$25,000
$100,000
26
$492,296
Grand Total $4,943,906 $3,072,284 $8,016,190
