The Claremore Public Works Authority Receives $29,600,000 Loan for Water, Wastewater, and Stormwater System Improvements from the OWRB
View allOKLAHOMA CITY – The Claremore Public Works Authority (Authority) received approval for a $29,600,000 Financial Assistance Program (FAP) loan on Tuesday from the Oklahoma Water Resources Board (OWRB) to improve their water, wastewater and stormwater infrastructure.
The Authority operates systems serving the Claremore community and they are investing in a comprehensive infrastructure modernization initiative to upgrade the city’s water, wastewater and stormwater systems.
Upgrades to the water distribution system will include designing the replacement or relocation of the 90-year-old raw water intake at Claremore Lake, along with systematically replacing aging cast iron water mains across the 130-mile distribution network.
To expand the capacity of the wastewater treatment plant, the project will also support the construction of a new influent pump station and headworks facility, as well as the ongoing rehabilitation of aging vitrified clay pipes and manholes to mitigate inflow and infiltration issues across the 115-mile collection system.
To address critical drainage deficiencies throughout the City of Claremore, the Authority will re-grade open channels, rehabilitate historic sandstone stormwater tunnels in downtown dating to the 1930s, and replace approximately 3,000 linear feet of damaged corrugated metal storm drains throughout the City.
According to Lori Johnson, chief of the OWRB’s Financial Assistance Division, the Authority’s customers will save an estimated $5,621,700 over the life of the 30-year loan compared to traditional financing. The loan shall be secured with a lien on the Authority’s water, sewer, and electric revenues.