Bond Programs
Lori Johnson,
Chief, Financial Assistance Division
Henryetta Municipal Authority receives $1,000,000 grant for dam improvements
OKLAHOMA CITY –The Henryetta Municipal Authority (Authority) received approval for $1,000,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s infrastructure. Planning and design and improvements to the dams will be financed by the Oklahoma American Rescue Plan Act (ARPA) grant program.
The Authority owns and maintains two dams at Jim Hall Lake and Nichols Lake. The Nichols Lake spillway is in need of repair due to a collapsed headwall of the box culvert structure and several cracks in the retaining wall. As a non-point source pollution, failure of this dam could threaten the water quality of Coal Creek downstream of Nichols Lake. Jim Hall Lake is the primary water supply for the City of Henryetta. The dam's spillway is in need of repair due to corrosion and loss of subgrade material caused by deteriorated culverts beneath the roadway. The lack of an adequate spillway could result in the failure of the dam and loss of water supply should a severe rainfall occur which would erode the dam.
The Authority will utilize these proceeds for planning and design of the Nichols Lake spillway repairs and construction of the Jim Hall Lake spillway repairs.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,633,900 compared to traditional financing.
Add this issuer to your watchlist to get alerts about important updates.
UNDER NO CIRCUMSTANCES SHALL THE INFORMATION ON THE SITE CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. OFFERS TO PURCHASE SECURITIES MAY BE MADE ONLY THROUGH A REGISTERED BROKER-DEALER AND THROUGH AN OFFICIAL STATEMENT.
BondLink has not prepared or developed any of the Content on the Site and the Content available on the Site with respect to any issuer is not maintained by or under the control of BondLink. The content on this Site with respect to any issuer was specifically authorized by that issuer to be communicated through this Site. BondLink has not reviewed such information in any respect and has not checked such information for accuracy, and in some cases, the information provided may not have been viewed by BondLink. The Content contained on the Site has been provided by the applicable issuer and is included for general informational purposes only and is provided without warranty of any kind and, in particular, no representation or warranty, express or implied, is made or is to be inferred as to the accuracy, reliability, timeliness or completeness of any such information. The Content presented on the Site speaks only as of the date the Content was prepared by the issuer or other third party and has not been updated since that date and as a result, may not address all factors which may be material to an investor and may contain omissions of fact or statements that are not accurate because of the passage of time or changes in facts or circumstance subsequent to the date of such Content. Consequently, no person should make any investment decision in reliance upon the Content contained on the Site. See “Terms” for the full terms of use of this website including your release of any and all claims against BondLink for use of this website.