Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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The Collinsville Municipal Authority Receives $2,270,000 Loan for Water and Wastewater System Improvements from the OWRB
OKLAHOMA CITY – The Collinsville Municipal Authority (Authority) received approval for a $2,270,000 Financial Assistance Program (FAP) loan on Tuesday from the Oklahoma Water Resources Board (OWRB) to improve their water and wastewater infrastructure.
The Authority, located in Tulsa County, operates the community’s public water and wastewater systems, serving more than 2,200 water connections and 2,900 sewer connections. As Collinsville continues to grow, the Authority is expanding its infrastructure to support new development and maintain reliable service. The funds will be used to connect a planned expansion area to the existing wastewater system through a new lift station and force main and will extend water service through a shared infrastructure improvement with local partners. These improvements support the Turner project, a 154-acre development located at the southeast corner of 136th Street North and Highway 169. The work includes constructing a lift station, installing a 4,070-foot 6-inch force main, and extending a 12-inch water line in coordination with Washington County Rural Water District #3.
According to Lori Johnson, chief of the OWRB’s Financial Assistance Division, the Authority’s customers will save an estimated $573,000 compared to traditional financing. The loan shall be secured with a lien on the revenues of the Authority’s water, sewer, and electric services, and a $1.75 cents sales tax.