Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY – The Davis Municipal Authority (Authority) received approval for a $750,000 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) along with $250,000in local funds.
The Authority is seeking to identify areas within the sanitary sewer collection system which are in need of improvement. These proceeds will be used to conduct a city-wide sanitary sewer evaluation survey (SSES) in order to locate areas experiencing inflow and infiltration. Improvements to the collection system would reduce or eliminate bypasses and reduce unintended flows to the wastewater treament facility.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $936,700.00 compared to traditional financing.