Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY –The Mountain Park Master Conservancy District (District) received approval for $1,409,648 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the District’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 Districtsupplies water to Altus, Snyder, and Frederick. The District has the need for an emergency water supply due to drought in the area. These proceeds will be use to purchase 160 acres of land and install a new well and pipeline to the existing infrastructure.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the District’s customers will save an estimated $2,182,9000 compared to traditional financing.