Beckham County Rural Water, Sewer and Solid Waste Management District No. 2 Receives $793,795 Water System Loan with Principal Forgiveness from the OWRB
View allBeckham County Rural Water, Sewer and Solid Waste Management District No. 2 Receives $793,795 Water System Loan with Principal Forgiveness from the OWRB
OKLAHOMA CITY – The Beckham County Rural Water, Sewer and Solid Waste Management District No. 2 (District) received approval for a $793,795 loan with 100% principal forgiveness 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 Oklahoma Drinking Water State Revolving Fund (DWSRF).
The District operates a public water distribution system and is undertaking improvements to strengthen water storage capacity and maintain reliable service for its customers. The project includes construction of a new 100-foot-tall standpipe. The new structure will replace an aging standpipe that has become increasingly costly to maintain due to wear and corrosion. By increasing available water storage and improving system reliability, the project will better support daily water demands, maintain adequate pressure, and enhance service for residents and businesses throughout the District.
Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the District’s customers will save an estimated $1,263,500 when compared to traditional financing.
