Remaining Fiscally Responsible: Two Capital Projects to Be Completed by End of Year

The Board is excited to be nearly complete with two major capital projects. The first project was part of the Board’s downsizing effort, in which Maple Leaf Community Residents, Inc. was able to purchase four homes in Geauga County at a cost of $704, 011.50.

The Ohio Department of Developmental Disabilities, through its Capital Assistance Program, provided funding of $613,377.08 (87%), with only $90,634.42 of local funds used. The project was completed 2.5 months ahead of schedule and under budget. The cost of the project is expected to be recovered in 20 years through Medicaid reimbursement.

The second capital project, a roofing project, is expected to be completed by the end of the year, replacing roofs that date back to 1990. These roofs, based on the material and method of placement, had a life expectancy of 12-15 years.

The Board was able to secure a technical consultant at no cost to perform a repair/replace analysis. The findings concluded that temporary repairs would have cost the Board more than $700,000, while replacement costs were budgeted at $1,061,100. The Board stuck to its commitment of fiscal responsibility by opting to replace the roofs. Materials were able to be purchased through the State of Ohio Purchasing Cooperation, providing cost savings of approximately $156,560.00.

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Geauga News
Author: Geauga News