The Choctaw Utilities Authority Receives $2,500,000 Wastewater System Loan from the OWRB
View allThe Choctaw Utilities Authority Receives $2,500,000 Wastewater System Loan from the OWRB
OKLAHOMA CITY – The Choctaw Utilities Authority (Authority) received approval for a $2,500,000 loan on Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s wastewater infrastructure. The planning and design for the wastewater system will be financed by the Oklahoma Clean Water State Revolving Fund (CWSRF).
The Choctaw Utilities Authority operates a wastewater treatment system in Oklahoma County, serving more than 1,600 sewer customers. With the community’s population of over 12,000 expected to grow in the coming years, the City’s 2018 wastewater treatment plant is projected to exceed its current capacity. To ensure the system continues to meet all Department of Environmental Quality (ODEQ) standards, the Authority will initiate planning and design work to assess needed upgrades to the treatment plant and the wastewater collection system. These improvements will help maintain regulatory compliance and protect water quality, representing a critical step toward a more sustainable and resilient wastewater system.
Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $78,100 over the life of the 2-year loan compared to traditional financing. The CWSRF loan will be secured by a senior parity lien on their 1 cent sales tax revenue.