Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY – The Anadarko Public Works Authority (Authority) received approval for a $1,454,850 loan with $800,000 in principal forgiveness on Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water infrastructure. Construction of upgrades and improvements to the water system will be financed by the Oklahoma Drinking Water State Revolving Fund (DWSRF).
The City of Anadarko operates a water system that currently relies on a 33,000-gallon standpipe to serve the southwestern portion of the city. To improve system performance and meet growing demand, the city plans to construct a new 250,000-gallon elevated storage tank. This upgrade will increase water storage capacity, help maintain consistent water pressure, and improve water quality by reducing water age and potentially reduce disinfection byproducts through the use of a built-in mixing system. These improvements are essential to ensuring safe, reliable water service for residents and future development in the area.
Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $2,173,100 compared to traditional financing. The DWSRF loan will be secured with a lien on the revenues of the Authority’s water, sewer, sanitation, and electric services.