Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY – The Minco Municipal Authority (Authority) received approval for a $1,010,000 loan 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 a 100% principal forgiveness loan through the Oklahoma Clean Water State Revolving Fund (CWSRF).
The Authority’s sewer collection system is antiquated and in need of replacement. The Authority will utilize the proceeds to replace approximately 3,000 linear feet of 8-inch and 10-inch sewer lines and rehabilitate or replace approximately 30 manholes to address inflow and infiltration. These improvements will reduce unintended flows to the wastewater treatment facility and help improve discharge to Buggy Creek.
Joe Freeman, Chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,272,400 compared to traditional financing.