Press Release

OKLAHOMA CITY – The Noble Utilities Authority (Authority) received approval for a $2,995,000 Financial Assistance Program (FAP) loan on Tuesday from the Oklahoma Water Resources Board (OWRB) to improve their  water and wastewater infrastructure.

The Authority operates a wastewater collection system that is under increasing demand due to recent residential growth. To accommodate this expansion, the city will replace an existing 12-inch sanitary sewer line with approximately 3,900 linear feet of 24-inch and 21-inch line, including necessary highway and railroad bores. The upgraded line is designed to handle peak flows without exceeding the treatment plant’s capacity of 750,000 gallons per day. This project will help ensure reliable service, protect public health, and support continued development in the community.

The estimated cost of the project including engineering, construction and to establish a debt service reserve is $2,726,605.00 which will be funded by an FAP loan not to exceed $2,995,000.00. 

According to Lori Johnson, chief of the OWRB’s Financial Assistance Division, the Authority’s  customers will save an estimated $35,800 compared to traditional financing. The loan shall be secured with a lien on the revenues of the Authority’s  water and sewer services, and a two-cents sales tax.