Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY –The Rural Water District No. 1, Creek County, Oklahoma (District) received approval for $474,050 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the District’s water infrastructure. Construction of upgrades and improvements to the water system will be financed by the Oklahoma American Rescue Plan Act (ARPA) grant program and $474,050 in local funds.
The District owns andoperates a water treatment plant and distribution system. The area around the district is growing making the plant and system undersized. The proposed project is to loop the system together and upgrade a portion of water line to a 16-inch line.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the District’s customers will save an estimated $719,900 compared to traditional financing.