Agricultural News
OWRB Approves 2021 Proposed Rule Amendments and $27.9 million for Seven Projects
Mon, 22 Mar 2021 11:46:14 CDT
Wellston Public Works Authority receives $2,695,000 loan for water and wastewater infrastructure improvements
Wellston Public Works Authority (Authority) received approval Tuesday for a $2,695,000 Financial Assistance Program (FAP) loan from the Oklahoma Water Resources Board (OWRB).
The Authority will use the funds to construct a new lift station, to replace water and sewer lines, and to refinance Rural Development indebtedness which was incurred for previous water and sewer system improvements.
McLoud Public Works Authority receives a $6,475,000 loan from the OWRB for wastewater system improvements
McLoud Public Works Authority (Authority) received approval Tuesday for a $6,475,000 Financial Assistance Program (FAP) loan from the Oklahoma Water Resources Board (OWRB) to improve their wastewater infrastructure. The Authority will use the funds for the installation of new headworks, two new sewer lift stations, and new sewer lines.
According to Joe Freeman, chief of the OWRB's Financial Assistance Division, the Authority's customers will save an estimated $1,321,400 over the life of the 30 year loan compared to traditional financing.
"On behalf of the Authority and citizens of McLoud, I would like to express our appreciation to the Board and its staff for its assistance in providing low interest rate financing to make various improvements to our sewer system. The efforts of all those involved are well appreciated and we look forward to working with the Board and others in successfully completing this much needed project. Thank you."
- Mayor Buck Day
Gotebo Public Works Authority receives $99,250 grant for water system improvements
The Gotebo Public Works Authority (Authority) in Kiowa County received approval Tuesday for a $99,250 Rural Economic Action Plan (REAP) grant from the Oklahoma Water Resources Board (OWRB) to improve the Authority's water infrastructure.
The Authority has an aging water system which includes 4-inch dimaeter sand-cast lines that have deteriorated and are in need of repair. The proposed project will replace the water lines and install fire hydrants. The estimated cost of the project is $99,250.
Hartshorne Public Works Authority receives $2,775,000 refinance loan from OWRB
Hartshorne Public Works Authority (Authority) received approval Tuesday for a $2,775,000 Financial Assistance Program (FAP) loan from the Oklahoma Water Resources Board (OWRB).
The Authority will use the funds to refinance indebtedness which was previously used for the rehabilitation of a wastewater treatment plant, the construction of two new lift stations, and the replacement of a portion of the sewer collection system.
According to Joe Freeman, chief of the OWRB's Financial Assistance Division, the Authority's customers will save an estimated $465,0000 over the life of the 30-year loan compared to traditional financing.
"On behalf of the Authority and the citizens of Hartshorne, we would like to express our gratitude to the Board for its consideration of the proposed refinancing through the Financial Assistance Program. Achieving economical savings through this program will help us continue to work toward the long term goals of the city. We appreciate the efforts of the Board and its staff that have allowed us to utilize its programs in the past and look forward to working with you again on this financing. Thank you."
- Mayor Ashley Faulkner
· For more info on these projects, and the others approved during the board meeting, visit the OWRB's News Page
· For more info. on the OWRB's financial assistance programs, visit the Financial Assistance Division
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