The Hobart Public Works Authority Receives $1,031,655 Water System Funding from the OWRB
View allThe Hobart Public Works Authority Receives $1,031,655 Water System Funding from the OWRB
OKLAHOMA CITY – The Hobart Public Works Authority (Authority) received approval for a $1,031,655 DWSRF loan with $908,043.38 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 Authority operates a municipal water system and will use the proceeds to install a modern Advanced Metering Infrastructure (AMI) system to provide more accurate meter readings and real-time water-use data. Replacing the community’s outdated meters will significantly improve the ability to identify water loss and detect leaks earlier, supporting long-term water reliability. These upgrades will strengthen overall system efficiency and deliver more reliable service for residents and businesses served by the Authority.
Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,050,043 when compared to traditional financing. The DWSRF loan will be secured with a lien on the revenues of the Authority’s water, sewer, and sanitation services, and a 3 cent sales tax.