Bond Programs
Lori Johnson,
Chief, Financial Assistance Division
OKLAHOMA CITY – Rural Sewer District No. 1, Rogers County, Oklahoma (District) received approval for a $10,600,000 Financial Assistance Program (FAP) loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve their wastewater infrastructure.
Rogers County Rural Sewer District #1 has proposed a capital improvement project to enhance its lagoon system at the wastewater treatment plant. The District is planning to expand the plant to accommodate future growth and maintain compliance with its existing customer base. The project includes cleaning and rehabilitating the current lagoons, constructing three new lagoons, and building a concrete basin with a new discharge lift station. These improvements will ensure system reliability and support the projected 20-year growth of the District.
According to Lori Johnson, chief of the OWRB’s Financial Assistance Division, the District’s customers will save an estimated $3,098,500 compared to traditional financing. The loan shall be secured with a lien on the revenues of the District’s Sewer.