Bond Programs
Lori Johnson,
Chief, Financial Assistance Division
OKLAHOMA CITY – The Yale Water and Sewage Trust (Authority) received approval for a $70,000 Rural Economic Action Plan (REAP) grant Tuesday through the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water infrastructure.
The Yale Water and Sewage Trust is addressing challenges within its aging water distribution system, particularly in areas with low water pressure. The proposed project involves connecting a new tap to the Lone Chimney distribution system, crossing State Highway 51, and installing a 4-inch water line to enhance pressure consistency. The project is estimated to cost $71,782, with funding provided by a $70,000 OWRB REAP Grant and $1,782 in local funds.
Lori Johnson, chief of the OWRB's Financial Assistance Division, calculated that the grant will save the Authority’s customers $125,200 compared to traditional financing.