Town of Taft receives $1,000,000 grant from OWRB
OKLAHOMA CITY –The Town of Taft (Town) received approval for $1,000,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB). Construction of upgrades and improvements will be financed by the Oklahoma American Rescue Plan Act (ARPA) grant program along with $1,107,692 in an ARPA Designated grant.
The Town owns and operates a aging water distribution system. These proceeds will be used as an extension of the ARPA Designated grant for the installation of a dedicated line to the standpipe, a recirculation, aeration pump for the standpipe, to replace water lines, gate valves, fire hydrants, and service connections, and to perform any needed surface repair.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Town’s customers will save an estimated $1,553,200 compared to traditional financing.