Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY –The Caddo Public Works Authority (Authority) in Bryan County received approval for a $99,000 Rural Economic Action Plan (REAP) grant Tuesday through the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water infrastructure.
The Authority's utility meters are aging and have been in use for over a decade. This project aims to replace the aging equipment with automatic meter reading (AMR) meters. Updating the meters will enable early detection of leaks on the customer side, thereby reducing the potential for leak-related contamination. The new automated meters and associated repairs will also enhance the Authority’s security and accuracy, better serving the community.
Joe Freeman, Chief of the OWRB's Financial Assistance Division, calculated that the grant will save the Authority’s customers $231,900 in principal and interest charges by not having to borrow the project funds.