Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY –The Guymon Utilities Authority (Authority) received approval for $675,150 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 along with $870,950 in local funds.
The Authority owns and operates a water system which serves the city of Guymon. The Ogallala Aquifer is the Authority's main water source and has lost capacity due to drier conditions in the area. These proceeds will be used to drill seven test wells to determine viability of the sites as permanent well locations.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,044,200 compared to traditional financing.