The Kingfisher Public Works Authority received approval for $162,168 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water infrastructure. Construction of upgrades and improvements to the water system will be financed by the Oklahoma Drinking Water State Revolving Fund (DWSRF) where the full amount will be in the form of loan forgiveness.
The Authority will utilize the proceeds to construct a mixing, aeration, and ventilation system and a chlorine injection point for the existing ground storage tank located at the Kingfisher water treatment plant. These improvements will reduce disinfection byproducts within the system. Disinfecting drinking water has reduced waterborne disease drastically. However, byproducts which may result by the disinfection can sometimes have unintended effects. Therefore, by addressing this issue, this project helps to meet the public health goals for the state.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $217,800 compared to traditional financing.
Get News Updates
Get notifications for events, news, and press releases.
Thank you! Looking for another issuer you don't see here?
UNDER NO CIRCUMSTANCES SHALL THE INFORMATION ON THE SITE
CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY,
NOR SHALL THERE BE ANY SALE OF SECURITIES IN ANY JURISDICTION IN
WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO
REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY
SUCH JURISDICTION. OFFERS TO PURCHASE SECURITIES MAY BE MADE
ONLY THROUGH A REGISTERED BROKER-DEALER AND THROUGH AN OFFICIAL
BondLink has not prepared or developed any of the Content on the Site and the Content
available on the Site with respect to any issuer is not maintained by or under the control
of BondLink. The content on this Site with respect to any issuer was specifically
authorized by that issuer to be communicated through this Site. BondLink has not
reviewed such information in any respect and has not checked such information for
accuracy, and in some cases, the information provided may not have been viewed by
BondLink. The Content contained on the Site has been provided by the applicable
issuer and is included for general informational purposes only and is provided without
warranty of any kind and, in particular, no representation or warranty, express or
implied, is made or is to be inferred as to the accuracy, reliability, timeliness or
completeness of any such information. The Content presented on the Site speaks only
as of the date the Content was prepared by the issuer or other third party and has not
been updated since that date and as a result, may not address all factors which may be
material to an investor and may contain omissions of fact or statements that are not
accurate because of the passage of time or changes in facts or circumstance
subsequent to the date of such Content. Consequently, no person should make any
investment decision in reliance upon the Content contained on the Site. See “Terms”
against BondLink for use of this website.