Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY – The Town of Hydro (Town) in Caddo County received approval for a $150,000 Rural Economic Action Plan (REAP) grant Tuesday through the Oklahoma Water Resources Board (OWRB) to improve the Town’s water infrastructure.
The Town of Hydro is making critical upgrades to its water system by addressing undersized infrastructure to improve service reliability and efficiency. This project will replace approximately 1,490 linear feet of outdated 4-inch water main with a 6-inch water main, enhancing water flow, pressure, and overall system performance. By modernizing these essential components, the improvements will support future growth, reduce the risk of service disruptions, and ensure a more dependable water supply for residents and businesses. The estimated cost of the project is $263,120.00 which will be funded by the OWRB REAP Grant of $150,000.00 and local funds of $113,120.00.
Lori Johnson, chief of the OWRB's Financial Assistance Division, calculated that the grant will save the Authority’s customers $244,000 in principal and interest charges by not having to borrow the project funds.