Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY – Town of Foss (Town) in Washita County received approval for a $149,909 Rural Economic Action Plan (REAP) grant on Tuesday through the Oklahoma Water Resources Board (OWRB) to improve the Town’s water infrastructure.
The Town operates a water supply system that relies on two existing wells. During dry seasons, these wells are unable to meet the community’s full water demand. To ensure a reliable and consistent water supply year-round, the proposed project will drill a third well, along with the necessary components to bring it online. This improvement will help safeguard the town’s water access during periods of drought. The estimated cost of the
project is $149,909.28 which will be funded by the OWRB REAP Grant of $149,909.28.
Lori Johnson, chief of the OWRB's Financial Assistance Division, calculated that the grant will save the Authority’s customers $256,900 in principal and interest charges by not having to borrow the project funds.