Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY – The Rural Water, Sewer and Solid Waste Management District No. 1, Beckham County, Oklahoma (District) received approval for $612,500 in funding on Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the District’s water infrastructure. Construction of upgrades and improvements to the water system will be financed by the OWRB American Rescue Plan Act (ARPA) grant program.
The District will utilize the proceeds to complete critical rehabilitation work on its ground storage tank, a key component of the community’s water system. The tank is showing signs of age and requires protective upgrades to ensure long-term reliability. The project will include sandblasting and applying a new protective coating to both the interior and exterior of the tower, replacing approximately 300 linear feet of waterline, and installing all necessary supporting components. The estimated cost of the project is $612,500.00 which will be funded by the OWRB ARPA Grant of $612,500.00.
Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the District’s customers will save an estimated $1,015,500.00 compared to traditional financing.