Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
Add this issuer to your watchlist to get alerts about important updates.
Enid Municipal Authority receives $2,000,000 grant for system improvements
OKLAHOMA CITY –The Enid Municipal Authority (Authority) received approval for $2,000,000 in funding Thursday 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 along with $3,186,000 in local funds.
The Authority owns and operates a water distribution system which includes a 30-inch raw water transmission line. The line is at the end of its life expectancy and is exposed at two creek crossings. The Authority will utilize these proceeds to lower the pipe depth at the two creek crossing to allow it to pass beneath the creek and to replace a 24-inch butterfly valve.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $3,278,200 compared to traditional financing.