Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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Arnett Public Facilities Authority receives $997,000 water system funding from OWRB
OKLAHOMA CITY – The Arnett Public Facilities Authority (Authority) received approval for $997,000 in funding Thursday 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 a 100% principal forgiveness loan through the Oklahoma Drinking Water State Revolving Fund (DWSRF) along with $100,000 from an Oklahoma Rural Water Association Rural Infrastructure Grant.
The Authority will utilize the proceeds to replace deteriorated 2-inch and 4-inch cast iron lead jointed lines with new PVC and polyethylene lines in the City of Arnett. This project will reduce potential contamination and lead in the drinking water thereby improving human health and environment.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,658,900 compared to traditional financing.
