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Press Release
January 20, 2015

Nicoma Park Development Authority Receives $3,890,000 Wastewater System Loan from OWRB

The Nicoma Park Development Authority received a $3,890,000 loan Tuesday from the Oklahoma Water Resources Board (OWRB) to expand the community’s wastewater infrastructure. The OWRB approved the Clean Water State Revolving Fund (CWSRF) loan during the panel’s regular monthly meeting on January 20.

The community will utilize the loan proceeds to expand the community’s existing sanitary sewer system within the city limits. The system expansion includes the installation of approximately 5 miles of 8-inch PVC sewer line, approximately 1.4 miles of 10-inch PVC line, and 177 sewer system manholes, as well as the removal of three lift stations. The project will also include additional improvements such as asphalt paving and repair, traffic control, and erosion control. After project completion, the Authority will continue to convey their wastewater to the Choctaw treatment plant.

The Nicoma Park Development Authority, created February 11, 1986, currently serves 494 sewer customers and anticipates adding another 485 customers upon completion of the expansion project. Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Nicoma Park Development Authority’s customers will save an estimated $1,878,000, over the life of the 30-year loan, compared to traditional financing. The CWSRF loan shall be secured with a lien on the revenues of the Authority's water and sewer systems, and the proceeds of a one cent sales tax.

Nicoma Park officials attending the OWRB’s monthly meeting in support of the loan application included Mark Cochell, Vice Mayor, and Beverly McManus, City Clerk.

Since 1983, the Oklahoma Water Resources Board has approved over $3 billion in loans and grants for water and wastewater infrastructure improvements throughout Oklahoma.

“We are grateful to State Senators Anastasia Pittman and Ron Sharp, and State Representatives Gary Banz and Mike Shelton, for their support of our financial assistance programs,” said J.D. Strong, executive director of the OWRB.

Contact: Joe Freeman
Oklahoma Water Resources Board
(405) 530-8800
joe.freeman@owrb.ok.gov


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