Bond Programs
Lori Johnson,
Chief, Financial Assistance Division
OKLAHOMA CITY –The Town of Boley (Town) received approval for $1,153,846 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Town’s water and wastewater infrastructure. The master plan design and improvements to the water and wastewater systems will be financed by the Oklahoma American Rescue Plan Act (ARPA) grant program.
The Town’swater and wastewater systems are aging and beginning to experience failures at the lift stations, manholes, water wells, and the wastewater lagoon. The proposed project is to create a water and wastewater master plan to determine the most impactful projects that can be completed with the available ARPA funding.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Town’s customers will save an estimated $1,847,146.00 compared to traditional financing.