Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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The Glenpool Utility Services Authority Receives $35,000,000 Wastewater System Loan from the OWRB
OKLAHOMA CITY – The Glenpool Utility Services Authority (Authority) received approval for a $35,000,000 loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s Wastewater infrastructure. Construction of upgrades and improvements to the wastewater system will be financed by the Oklahoma Clean Water State Revolving Fund (CWSRF).
The Glenpool Utility Services Authority is securing extra funding to continue upgrading its wastewater treatment system, started with an ARPA grant. The project will build a modern wastewater treatment plant with advanced equipment for screening, pumping, grit removal, and cleaning old lagoons. These improvements will ensure better wastewater management for the growing community. The $67.9 million
project is funded by a $35 million loan and a $44 million ARPA grant.
Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $13,077,400 over the life of the 30-year loan compared to traditional financing. The CWSRF loan will be secured with a lien on the revenues of the Authority’s water, sewer, and sanitation revenues, a 4-cent sales tax, and may include a mortgage on the water and sewer systems.
