Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY – The El Reno Municipal Authority (Authority) received approval for a $1,500,000 loan with 100% principal forgiveness Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s stormwater management infrastructure. Construction of upgrades and improvements will be financed by the Oklahoma Clean Water State Revolving Fund (CWSRF).
The Authority is addressing aging and inadequate stormwater management systems throughout the City of El Reno. The city’s current drainage infrastructure, which includes natural creeks, channels, roadside ditches, and culverts, has led to severe flooding in multiple areas. The proposed project will develop a comprehensive Drainage Master Plan aimed at identifying system deficiencies, assessing critical drainage areas, and designing solutions. This initiative represents a crucial step toward enhancing stormwater management, improving erosion control, and reducing flood risks for the community.
Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,925,900 compared to traditional financing.