Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY – The Waukomis Public Works Authority (Authority) received approval for a $165,000 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 $55,000in local funds.
The Authority has a sanitary sewer main and lift station in need of rehabilitation. These proceeds will be used for the studies, tests, planning and design, and engineering required to address these issues. Proposed improvements will enhance wastewater system functionality for the Authority and improve discharge into Hackberry Creek.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $259,900 compared to traditional financing.