Bond Programs
Lori Johnson,
Chief, Financial Assistance Division
Town of Kenefic receives $600,000 grant for system improvements
OKLAHOMA CITY –The Town of Kenefic (Town) received approval for $600,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Town’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 Town operates a water distribution system consisting of two active wells and a standpipe. One of the wells is inoperable and the Town is supplementing its emergency water supply from a nearby rural water district. These proceeds will be used to drill a new water well and for construction of a new waterline to the standpipe.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Town’s customers will save an estimated $992,800 compared to traditional financing.