The Morris Public Works Authority Receives $999,999 Water System Loan with Principal Forgiveness from the OWRB
View allThe Morris Public Works Authority Receives $999,999 Water System Loan with Principal Forgiveness from the OWRB
OKLAHOMA CITY – The Morris Public Works Authority (Authority) received approval for a $999,999 loan with 100% 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 public water system requiring upgrades to restore and replace aging, inoperable system components. The proposed project will replace approximately 2,315 feet of aging water line, restoration of an existing booster pump station, and the installation of a backup generator and a high altitude valve at an existing 60,000-gallon tower. By restoring the pump station and deteriorating water lines, the Authority will ensure that compliance will be met and maintained in the distribution system. These upgrades will increase the efficiency of operations and improve the reliability of the service provided to the residents and businesses in the community.
Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,581,300 when compared to traditional financing.