Bond Programs
Lori Johnson,
Chief, Financial Assistance Division
OKLAHOMA CITY –The Oklahoma City Water Utilities Trust (Trust) received approval for $2,083,434 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’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 along with $15,826,566 in Clean Water State Revolving Fund loan funds.
The Trustowns and operates the Deer Creek wastewater treatment plant (WWTP) and is working to improve the odor and biosolids at the WWTP. These proceeds will be used to replace the belt filter presses, aeration and mixing systems, the lime system, and conveyor. Additionally, the Trust is adding a new biological trickling filter and installing aa new hydrogen peroxide system.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $3,217,300 compared to traditional financing.