Press Release

Marietta Public Works Authority receives $5,750,000 water system funding from OWRB

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March 19, 2024

Press Release

OKLAHOMA CITY – The Marietta Public Works Authority (Authority) received approval for $5,750,000 in funding Tuesday 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 the Oklahoma Drinking Water State Revolving Fund (DWSRF) where $800,000 of the loan will be in the form of loan forgiveness.

The Authority will utilize the proceeds for construction of a new 300,000-gallon elevated water storage tank, to refurbish an existing tank, lay approximately 6,200 linear feet of ten (10) inch PVC water line, and for a new water well with a chlorination feed system. This project will improve water pressure for the customers and businesses within the Authority.

Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $3,227,800 over the life of the 30-year loan compared to traditional financing.  The DWSRF loan will be secured with a lien on the revenues of the Authority’s water and sewer systems and a mortgage.   The Authority’s Water Superintendent, Layton Shurbet, stated, “Thank you for the opportunity to be here and your help to small systems like ours. We service 1,250 customers and appreciate the funding for improvement.”