Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY – The Breckinridge Public Works Authority (Authority) received approval for a $69,500 loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s wastewater infrastructure. The planning and design to the wastewater system will be financed by a 100% principal forgiveness loan through the Oklahoma Clean Water State Revolving Fund (CWSRF).
The Authority has two lagoon cells in need of rehabilitation. These proceeds will be used for engineering fees for the planning and design of the rehabilitation of the lagoon dikes. These improvements are necessary to protect the dike slopes from deterioration due to wave action to avoid a breach.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $139,600 compared to traditional financing.
