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 Prior Years thru FY 22 FY 23 FY 24 FY 25 FY 26 FY 27

Total FY 23-27 Grand Total

$110,934 $0 $0 $0 $0 $0 $0 $110,934 $2,490,000 $0 $0 $0 $0 $0 $0 $2,490,000 $0 $4,922,960 $0 $0 $0 $0 $4,922,960 $4,922,960 $0 $492,296 $0 $0 $0 $0 $492,296 $492,296

$2,600,934 $5,415,256 $0 $0 $0 $0 $5,415,256 $8,016,190

Funding Proceeds to Date Prior Years thru FY 22 FY 23 FY 24 FY 25 FY 26 FY 27

Total FY 23-27 Grand Total

County Cash to Capital - Transfer from GF $4,139,917 $803,989 $0 $0 $0 $0 $803,989 $4,943,906 Additional County Cash to Capital $0 $3,072,284 $0 $0 $0 $0 $3,072,284 $3,072,284

Total Funding Sources $4,139,917 $3,876,273 $0 $0 $0 $0 $3,876,273 $8,016,190

Operating Costs

Maintenance

Total Operating Costs FY 23 FY 24 FY 25 FY 26 FY 27

Total FY 23-27

$0 $25,000 $25,000 $25,000 $25,000 $100,000 $0 $25,000 $25,000 $25,000 $25,000 $100,000