Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY –The Town of Taft (Town) received approval for $1,153,846 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Town’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.
The Town will use these proceeds to install a dedicated line to the recirculation-aeration pump for the standpipe, replace water lines, gate valves, fire hydrants, service connections, and perform surface repair.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Town’s customers will save an estimated $1,769,000 compared to traditional financing.