Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY –The Comanche Public Works Authority (Authority) received approval for $1,000,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s infrastructure. Construction of upgrades and improvements to the water system will be financed by the Oklahoma American Rescue Plan Act (ARPA) grant program.
The Authority operates a water distribution system which includes two storage tanks in need of refurbishing, a primary lift station in need of upgrade, and a dam in need of repair. These proceeds will be used to recoat each water storage tank, remove trees, seal cracks, and reinforce the dam, and satisfy engineering costs to upgrade the lift station.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,525,100 compared to traditional financing.