Okfuskee County Rural Water District No. 2 Receives $800,000 Water System Loan with Principal Forgiveness from the OWRB
View allOkfuskee County Rural Water District No. 2 Receives $800,000 Water System Loan with Principal Forgiveness from the OWRB
OKLAHOMA CITY – The Okfuskee County Rural Water District No. 2 (District) received approval for an $800,000 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 drinking water distribution and storage system in need of critical infrastructure updates. The proposed project focuses on repainting five existing standpipes to prevent corrosion and extend their useful life, while also installing a centralized SCADA monitoring system for the standpipes and pump stations. These planned upgrades will significantly improve operational efficiency and overall system reliability. Ultimately, the project will protect public health by preserving safe drinking water storage and enhancing system monitoring to reduce the risk of service disruptions, pressure loss, and water quality issues.
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.