Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY – The Minco Municipal Authority (Authority) received approval for a $370,517 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 $123,505.50 in local funds.
The Authority’s wastewater treatment system (WWTS) is in need of improvement. These proceeds will be used for the planning, design, and engineering of this project. Proposed improvements would enhance the wastewater system functionality for the Authority and improve discharge to Buggy Creek.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $594,817 compared to traditional financing.
