Press Release

Claremore Public Works Authority receives $28,000,000 loan from the OWRB for water system improvements

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July 18, 2023

Press Release

OKLAHOMA CITY – Claremore Public Works Authority (Authority) received approval for a $28,000,000 Financial Assistance Program (FAP) loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve their water infrastructure.

The Authority will use these proceeds for upgrades to its water treatment plant. The proposed project will include the demolition of the current raw water pump station, maintenance shop, and solids handling building and basin. Additionally, a new water treatment plant, to include a permanganate pre-oxidation mix tank for enhanced coagulation, low lift pump improvements, greensand filtration, and chemical systems, will be constructed.

According to Joe Freeman, chief of the OWRB’s Financial Assistance Division, the Authority’s customers will save an estimated $521,100 over the life of the 30-year loan compared to traditional financing. The loan shall be secured with a lien on the revenues of the Authority’s water and sewer systems and a 1% sales tax. Local officials attending the OWRB’s monthly meeting in support of the loan application included Claremore Assistant City Manager, Stan Brown, Director of Finance, Suzan Maloy, and City Engineer, Garrett Ball. Mr. Brown stated, “Thank you for this opportunity. Claremore has seen tremendous growth and is need of these improvements for the system and users going forward.”