Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY –The Welch Public Works Authority (Authority) received approval for $1,000,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s wastewater infrastructure. Construction of upgrades and improvements to the wastewater system will be financed by the Oklahoma American Rescue Plan Act (ARPA) grant program.
The Authority will utilize the proceeds to correct bypasses at the main lift station and to replace 4,600 linear feet (lf) of sewer line. The estimated cost of the project will be $1,018,000 funded by $1,000,000 of the ARPA grant and $18,000 in local funds.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,580,400 compared to traditional financing.