Bond Programs
Lori Johnson,
Chief, Financial Assistance Division
OKLAHOMA CITY –The Tri-County Rural Water District No.2 (District) received approval for $500,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the District’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 $500,000 in local funds.
The District serves approximately 2,400 residential, commercial, and pasture connections. The east side of Shawnee is experiencing significant growth to include over forty (40) acre subdivisions that are in the planning phase. The District does not currently have the infrastructure required to support this level of development and will use the proceeds to reimburse for the extention of an existing waterline to provide additional capacity. These improvemnets include approximately 14,800 linear feet (lf) of 8-inch high density polyethylene (HDPE) pipe, 700 lf of bore across the North Canadian River, 300 lf of road bore with steel casing, and for the purpose of purchasing infrastrcure equipment.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the District’s customers will save an estimated $755,500 compared to traditional financing.