Bond Programs
Lori Johnson,
Chief, Financial Assistance Division
OKLAHOMA CITY –The City of Bethany (City) received approval for $1,500,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the City’s water metering infrastructure. Upgrades to the system will be financed by the Oklahoma American Rescue Plan Act (ARPA) grant program along with $1,500,000 in local funds.
The City will utilize the proceedto acquire and install Automatic Meter Reading (AMR) water meters and Advanced Metering Infrastructure (AMI). This project focuses on water conservation and efficiency and could lead to increased water supply reliability through providing the system officials with a better understanding of potential vulnerabilities.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the City’s customers will save an estimated $2,315,900 compared to traditional financing.