Shidler Receives $89,385 Loan from OWRB
Mike Seals - June 17, 2020 9:32 am
Shidler Public Works Authority receives $89,385 loan from OWRB
OKLAHOMA CITY – The Shidler Public Works Authority (Authority) received approval Tuesday for an $89,385 loan from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water and wastewater infrastructure. Upgrades to the system will be financed by a 100% principal forgiveness loan through the Oklahoma Clean Water State Revolving Fund (CWSRF).
The Authority will use the funds to acquire and install Automatic Meter Reading (AMR) water meters and Advanced Metering Infrastructure (AMI). This project helps to meet Oklahoma’s Water for 2060 goals by focusing on water conservation and efficiency, while reducing unintended flows to the wastewater treatment plant.
Joe Freeman, Chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $112,000 compared to traditional financing
The CWSRF program is administered by the Oklahoma Water Resources Board with partial funding from the U.S. Environmental Protection Agency (EPA). The CWSRF program has provided approximately $1.7 billion in water quality loans to provide communities the resources necessary to maintain and improve the infrastructure that protects our valuable water resources statewide.
Since 1983, the Oklahoma Water Resources Board has approved over $4.5 billion in loans and grants for water and wastewater infrastructure improvements throughout Oklahoma.
“We are grateful to State Senator Bill Coleman and State Representative Ken Luttrell for their support of our financial assistance programs,” said Julie Cunningham, Executive Director of the OWRB.