Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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The Frederick Public Works Authority receives $900,000 grant for system improvements
OKLAHOMA CITY –The Frederick Public Works Authority (Authority) received approval for $900,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water infrastructure. Construction of upgrades and improvements to the water system will be financed by the Oklahoma American Rescue Plan Act (ARPA) grant program.
The Authority’s water treatment plant (WTP) is in need of adequate water storage and a waterline for transference to the distributing plant. These proceeds will be used to replace the existing twelve-inch waterline from the WTP to the distribution plant and refurbish an existing 500,000-gallon elevated storage tank.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,467,600 compared to traditional financing.