Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
Add this issuer to your watchlist to get alerts about important updates.
OKLAHOMA CITY – The Wynnewood City Utilities Authority (Authority) received approval for a $1,500,000 loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s Wastewater infrastructure. Planning and Design of the 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 wastewater treatment facility is in need of improvement. The proceeds will be used for the planning, design, and engineering to evaluate a new sanitary sewer treatment plant or rehabilitation of the existing plant. Proposed improvements would address deficiencies and help improve discharge to the Washita River.
Joe Freeman, Chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,929,100.00 compared to traditional financing.