Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY –The City of Crescent (City) received approval for $1,000,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the City’s wastewater infrastructure. Construction of upgrades and improvements to the wastewater system will be financed by the Oklahoma American Rescue Plan Act (ARPA) grant program.
The Cityowns and operates a sanitary sewer system that flows into a lagoon southwest of Crescent. The City has experienced an increase in population which will require a system expansion. These proceeds will be used to construct a new gravity sewer main, lift station, and force main to the City's lagoon.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the City’s customers will save an estimated $1,553,200 compared to traditional financing.