Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY –The South Delaware County Regional Water Authority (Authority) received approval for $301,563 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water infrastructure. Construction of upgrades and improvements to the water system will be financed by the Oklahoma American Rescue Plan Act (ARPA) grant program along with $416,500 in Cherokee Tribal matching funds, $694,000 from Indian Health Services (IHS), and $185,699.52 in local funds.
These proceeds will be used for infrastructure needs to provide water service to unserved areas of the Authority. The improvements include the addition of approximately 22,900 feet of water line, an 8-inch bore under the Illinois River, six (6) road bores, three (3) pressure reducing stations, gate valves, air relief valves, and flush hydrants.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $459,700.00 compared to traditional financing.