Bond Programs
Lori Johnson,
Chief, Financial Assistance Division
OKLAHOMA CITY – Rogers County Rural Water District No. 4 (District) received approval for a $7,200,000 Financial Assistance Program (FAP) loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve their water infrastructure.
The District has experienced substantial growth. These proceeds will be used to upgrade the current water treatment plant (WTP) by adding an additional one million gallon per day actifloc water treatment unit with a filter system to maintain quality and quantity of water. In addition, this project will include the installation of a 500,000-gallon metal clearwell, a diesel generator, to install water lines, raw water intakes, a concrete liner for the backwash basins, an equipment storage building, sludge containment basins, and a backwash pump building.
According to Joe Freeman, chief of the OWRB’s Financial Assistance Division, the District’s customers will save an estimated $1,524,200 over the life of the 31-year loan compared to traditional financing. The loan shall be secured with a lien on the revenues of the District’s water system. District Field Supervisor, Jason Littlefield, stated, “Water demand is increasing in our part of the country, and I see it continuing. We need to be able to hold more water for our customers and this loan will help us to do that.”