Press Release

OKLAHOMA CITY – The Collinsville Municipal Authority (Authority) received approval for a $29,550,000 Financial Assistance Program (FAP) loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve their  wastewater infrastructure.

The Authority owns and operates a sanitary sewer collectiion system and a wastewater treatment lagoon facility that serves the City of Collinsville.  The facility has reached its design life and loading capacity. The loan proceeds will be utilized to construct a new conventional extended aeration SEQUOX wastewater treatment plant and related facilities. 

According to Joe Freeman, chief of the OWRB’s Financial Assistance Division, the Authority’s  customers will save an estimated $8,003,500 over the life of the 30-year loan compared to traditional financing. The loan shall be secured with a lien on the revenues of the Authority’s water, sewer and electric systems and a 1.75 cents sales tax. Local officials attending the OWRB’s monthly meeting in support of the loan application included Craig Stokes, Acting City Manager. Mr. Stokes shared, “Thank you for your consideration of our project. With Collinsville’s  drastic increase in population and the expectation of 5,000 new homes to be built in the next one and a half years, we are in need of this new wastewater treatment facility.”