Press Release

OKLAHOMA CITY – Woodward Municipal Authority (Authority) received approval for a $11,340,000 Financial Assistance Program (FAP) loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve their  water and wastewater infrastructure.

Woodward Municipal Authority owns and operates water and wastewater systems that are in need of rehabilitation. The proposed project is for various water and wastewater improvements throughout the system, including water line and sewer line replacement, purchase of emergency backup generator, and rehabilitation of water storage tank, wastewater treatment plant, and water well.

According to Joe Freeman, chief of the OWRB’s Financial Assistance Division, the Authority’s  customers will save an estimated $2,708,000 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 stormwater systems. Local official attending the OWRB’s monthly meeting in support of the loan application included Shaun Barnett, City Manager and Michael Jones, Assistant City Manager. Mr. Barnett shared, “With the identification of improvements within our community, working with the OWRB makes it positive on moving forward.”