Okmulgee County Rural Water District No. 4 Receives $2,020,000 Loan for Water System Improvements from the OWRB
View allOkmulgee County Rural Water District No. 4 Receives $2,020,000 Loan for Water System Improvements from the OWRB
OKLAHOMA CITY – Okmulgee County Rural Water District No. 4 (District) received approval for a $2,020,000 Financial Assistance Program (FAP) loan on Tuesday from the Oklahoma Water Resources Board (OWRB) to improve their water infrastructure.
The District owns and operates a water distribution system consisting of approximately 120 miles of water mains and one active elevated storage tank. The existing water storage capacity does not meet the Oklahoma Department of Environmental Quality (ODEQ) requirements. To address this deficiency and improve system reliability and water quality, the proposed project will construct a new, 250,000-gallon elevated storage tank to address this deficiency and improve water quality and system reliability.
According to Lori Johnson, chief of the OWRB’s Financial Assistance Division, the District’s customers will save an estimated $491,200 when compared to traditional financing. The loan shall be secured with a lien on the revenues of the District’s water services and a mortgage on the water system.