Bond Programs
Lori Johnson,
Chief, Financial Assistance Division
OKLAHOMA CITY – The Edmond Public Works Authority (Authority) received approval for $159,000,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water and wastewater infrastructure. Construction of upgrades and improvements to the water and wastewater systems will be financed with $54 million from the Oklahoma Drinking Water State Revolving Fund (DWSRF), $30 million from the Oklahoma Clean Water State Revolving Fund (CWSRF), and $75.8 million from a Financial Assistance Program (FAP) loan.
The Edmond Public Works Authority (EPWA) is undertaking a series of critical infrastructure upgrades to its aging water and sewer systems to meet the growing needs of the community. The proposed project will include the construction of two new ground storage tanks and the relocation of the Danforth elevated storage tank to improve water storage and reliability.
The Authority will also build a new 2-million-gallon elevated storage tower, replace aging 8-12” waterlines with a 24” waterline, and make significant upgrades to the Water Resource Recovery Facility (WRRF), including replacing four clarifiers and constructing new splitter boxes. Additionally, sewer system improvements at Chisholm Creek and Spring Creek will include replacing aging pipelines and manholes to enhance service and reduce bypasses. These projects will ensure a more resilient and reliable system for Edmond's growing population.
Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $20,142,800 compared to traditional financing. The funding will be secured with a lien on the revenues of the Authority’s Water, Sewer, Solid Waste, Electric, and a two-cent sales tax.
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