Project Budget - Watson.docx
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1 Project Budget The Watson Road project costs by category are as follows: Funding Source Total Funding (only 1 Component) BUILD Funds: $25,000,00 Other Federal Funds: $0 Non-Federal Funds: $39,953,000 Total Project Cost: $64,953,000 Cost Classification BUILD Funds: Other Federal Funds: Non-Federal Funds: Total Project Cost: : Planning & Design $962,500 $1,537,500 0 $2,500,000 Land Acquisition $5,390,000 $0 $8,610,000 $0 $14,000,000 Construction $17,463,600 0 $27,896,400 0 $45,360,000 Contingency $1,183,900 $1,909,100 3,093,000 $25,000,000 0 $39,953,000 0 $64,953,000 Year Planning & Design Land Acquisition Construction Contingency Total Cost 2027 $2,500,000 $119,500 $2,619,500 2028 $14,000,000 $600,000 $14,600,000 2029 $45,360,000 $2,373,500 $47,733,500 Total $64,953,000 2020 Census Tract(s) Project Costs per Census Tract 507.01 $51,962,400 507.02 $12,990,600 Total Project Cost: $64,953,000 Urban/Rural Project Costs Urban (2020 Census-designated urban area with a population greater than 200,000) $64,953,000 2 Rural (Located outside of a 2020 Census- designated urban area with a population greater than 200,000) $0 Total Project Cost: $64,953,000 Sources, Uses, and Availability As illustrated in the above tables, the City of Buckeye is seeking 38.5% BUILD funding for the proposed Watson Road project throughout the life of the project, which is anticipated to cover 36 months. The project is designated as urban and 100% of the cost of the project and benefits are located in historically disadvantaged community census tracts 507.01 and 507.02. There are no conditions that must be met prior to accessing any source of funds, and if approved, the project will commence immediately upon Council approval, acceptance, and full execution of the grant agreement. The City of Buckeye is proposing the BUILD grant to cover 38.5% of the project cost due to the location of the project within an urban and disadvantaged area. If awarded, the Non-Federal Funds are proposed to be funded by the City of Buckeye from its General Fund. If awarded, this project will become part of the approved City of Buckeye’s Capital Improvement Plan and the City of Buckeye is committed to contributing the local match, subject to City Council approval. (Please see the “Funding Commitments” Letter attached in the Grants.gov application portal). Contingency Amount and Plan Regarding cost overruns, Buckeye has built in a 5% contingency into the budget. Any cost overruns beyond the budget and contingency would require an alternative Non-BUILD source of funding, such as the City of Buckeye’s General Fund. If awarded, this project will be included in the approved City of Buckeye’s Capital Improvement Plan, and the City of Buckeye is committed to contributing a local match. (Please see the “Funding Commitments” Letter attached in the Grants.gov application portal). Level of Design The design is 30% or more complete and the budget contains contingencies and scheduling considerations as of February 20, 2026. Project costs were estimated by the Buckeye Engineering department based upon input from outside contractors and prior experience based on the 30% completed design. Watson Road consists of roadway improvements, and a proposed overpass over the railroad tracks and irrigation canal. The Design Concept Report (DCR) is at or more than 30% design and the horizontal alignment has been identified. A final DCR will be completed for Watson Road between Southern Avenue and MC85 to establish roadway improvements and the vertical alignment for a grade-separated crossing of Watson Road over the Union Pacific Railroad and Buckeye Irrigation District (BID) Canal. The project consists of a final design, 110-acre land purchase for right-of-way, and construction of a 4-lane road section (2-lanes in each direction separated by a raised median) of S. Watson Road from Southern Avenue to MC85, Buckeye, 3 Arizona. This includes a grade-separated multi-modal structure over railroad tracks and an irrigation canal, 2 traffic signals, drainage facilities, and armoring of the Palo Verde Nuclear Cooling line. Also, there will be Futurepath conduit for fiber infrastructure. The project cost is budgeted at $64,953,000, all within historical disadvantaged community census tracts 507.01 and 507.02. The following is a list of the basic scope of work for planning and design. Survey and Identification of utilities within the project corridor and verifying if prior rights exist. Topographic survey of project limits. Establishment of horizontal and vertical geometry. Identifying and evaluating options to provide access to the parcels of land between the railroad tracks and irrigation canal on either side of Watson Road. Identification of right-of-way (ROW) needs. Further development of 30% conceptual plans for the ultimate 4-lane cross section of Watson Road. Development of conceptual plans for the interim 4-lane cross section of Watson Road. Development of probable costs for ultimate and interim cross section, including ROW, utility, final design and construction administration costs. Conceptual structural design. Monthly project meetings with the City and other interested parties. Prepare traffic impact analysis. Environmental assessment and historic cultural review. Cost Estimates The City of Buckeye’s Traffic Engineer, who currently has several active and future construction projects, provided the cost estimates as of February 20, 2026, based on the 30% completed design and consultation with outside engineers. The several active and future construction projects under the Traffic Engineer’s purview enables the Traffic Engineer to accurately estimate the costs of the proposed Watson Road project. The City of Buckeye has built in a 5% contingency to account for any cost overruns or inflationary incidents. Cost Share or Matching Funds The proposed Watson Road project is located within an urban, historically disadvantaged area. The City of Buckeye is requesting 38.5% federal funding ($25,000,000) of the project cost from the BUILD grant program. Cost overruns are unlikely with the 5% contingency built into the budget, but should a cost overrun occur, the City of Buckeye is committed to contributing a local match to cover the cost overrun (Please see the “Funding Commitments” Letter attached in the Grants.gov application portal).