The Geary Utilities Authority Receives $2,100,000 Loan for Water and Wastewater System Improvements from the OWRB
View allThe Geary Utilities Authority Receives $2,100,000 Loan for Water and Wastewater System Improvements from the OWRB
OKLAHOMA CITY – The Geary Utilities Authority (Authority) received approval for a $2,100,000 Financial Assistance Program (FAP) loan on Tuesday from the Oklahoma Water Resources Board (OWRB) to improve their water and wastewater infrastructure.
The Authority operates water and wastewater systems that serve the Geary community. The funded project will replace approximately 10 miles of aging water transmission line that has become increasingly prone to breaks and service disruptions, helping improve the reliability of drinking water delivery throughout the system. In addition, the Authority will complete a comprehensive evaluation of its sewer collection system to identify areas where excess water is entering the system and placing added strain on wastewater treatment facilities. These improvements will help reduce the risk of service interruptions, protect water quality, support environmental compliance, and guide future infrastructure investments. Together, the projects represent an important step toward ensuring safe, reliable, and sustainable utility services for residents and businesses in the community.
The estimated cost for the proposed projects is $1,900,000.00, which will be funded in part by a $376,000.00 grant through the Indian Health Service (IHS) and by the FAP loan not to exceed $2,100,000.00.
According to Lori Johnson, chief of the OWRB’s Financial Assistance Division, the Authority’s customers will save an estimated $629,800 when compared to traditional financing. The loan shall be secured with a lien on the revenues of the Authority’s water, sewer, gas, and electric services.