Latimer County Rural Water District No. 1 Receives $799,095 Water System Loan with Principal Forgiveness from the OWRB
View allLatimer County Rural Water District No. 1 Receives $799,095 Water System Loan with Principal Forgiveness from the OWRB
OKLAHOMA CITY – The Latimer County Rural Water District No. 1 (District) received approval for a $799,095 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 that will soon benefit from critical infrastructure improvements. The proposed project will install 1,475 Automated Meter Reading (AMR) meters, which allow for remote, accurate data collection, and a Supervisory Control and Data Acquisition (SCADA) system to connect pump stations and water storage tanks. The upgraded technology vastly improves real-time monitoring, operational efficiency, and overall system reliability. This upgrade will significantly enhance leak detection and reduce water loss, ensuring a secure and sustainable long-term water supply for the community.
Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the District’s customers will save an estimated $1,259,000 when compared to traditional financing.