The Lindsay Public Works Authority (Authority) received approval for a $2,318,530 loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water and electric metering infrastructure. Upgrades to the system will be financed by the Oklahoma Clean Water State Revolving Fund (CWSRF).
The Authority will utilize the proceeds to replace its water and electric meters with automatic readers. The new meters will allow for the Authority to better monitor and bill for water and electricity used by its citizens, ultimately reducing the amount of water and energy consumed. This project helps to meet Oklahoma’s Water for 2060 goals by focusing on water conservation through a reduction of unintended flows to the wastewater treatment plant and is recognized under Oklahoma’s Nonpoint Source Management Plan for improved energy efficiency, which helps reduce atmospheric deposition of mercury into nearby waterbodies..
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $262,300 over the life of the 20-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 electric systems, a one cent sales tax, and a mortgage. A Lindsay representative stated, “The Lindsay Public Works Authority certainly appreciates the Board’s consideration and approval of the requested loan. Implementing the AMI system for our electric and water meters will significantly reduce the City’s operating costs and we look forward to getting the meters installed to help our community”.
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