Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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Perry Municipal Authority Receives $4,110,000 Loan for Water System Improvements from the OWRB
OKLAHOMA CITY – Perry Municipal Authority (Authority) received approval for a $4,110,000 Financial Assistance Program (FAP) loan on Tuesday from the Oklahoma Water Resources Board (OWRB) to improve their water infrastructure.
The Authority operates an aging water treatment plant that requires upgrades to maintain reliable service for the community. To improve efficiency and support long-term system performance, the Authority plans to install a new sludge box, which helps remove and manage solids produced during the treatment process. The project also includes constructing a new water main termination to enhance system flow and overall operation. Additional improvements to the treatment plant will further increase operational reliability and ensure the system continues to meet community needs. These upgrades will help strengthen Perry’s water infrastructure and support continued safe, consistent service for residents and businesses.
According to Lori Johnson, chief of the OWRB’s Financial Assistance Division, the Authority’s customers will save an estimated $489,600 compared to traditional financing. The loan shall be secured with a lien on the revenues of the Authority’s water and a 2.25 cents sales tax.