The Lawton Water Authority Receives $1,305,000 Loan for Water and Wastewater System Improvements from the OWRB
View allThe Lawton Water Authority Receives $1,305,000 Loan for Water and Wastewater System Improvements from the OWRB
OKLAHOMA CITY – The Lawton Water Authority (Authority) received approval for a $1,305,000 Financial Assistance Program (FAP) loan on Tuesday from the Oklahoma Water Resources Board (OWRB) to improve their water infrastructure.
The Authority operates a water distribution system serving the Lawton area and surrounding communities. The funded project will replace and upgrade aging water infrastructure in the Willow Springs community, including water lines, fire hydrants, water meters, and related system components. Many of the existing lines have exceeded their useful life and are deteriorating, increasing the risk of leaks, service disruptions, and maintenance challenges. The improvements will enhance system reliability, strengthen fire protection capabilities, and support the delivery of safe, dependable drinking water. Upon completion, the upgraded infrastructure will be owned and maintained by the Authority, ensuring long-term service and investment in the Willow Springs community.
The project will be fully funded by a FAP loan not to exceed $1,305,000.00.
According to Lori Johnson, chief of the OWRB’s Financial Assistance Division, the Authority’s customers will save an estimated $81,800 when compared to traditional financing. The loan shall be secured with a lien on the revenues of the Authority’s water, sewer, and sanitation services.