Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY – The Garfield County Rural Water District No. 6 (District) received approval for $2,240,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the District’s water infrastructure. Construction of upgrades and improvements to the water system will be financed by a 100% principal forgiveness loan through the Oklahoma Drinking Water State Revolving Fund (DWSRF).
The District will utilize the proceeds for the construction of one (1) 360-gallon per minute (gpm) iron and manganese water treatment plant and the construction of one (1) 200-gpm water well.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the District’s customers will save an estimated $3,559,200 compared to traditional financing.