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Press Release
January 20, 2015

Oklahoma City Water Utilities Trust Receives $35,838,000 Water System Loan from OWRB

The Oklahoma City Water Utilities Trust received a $35,838,000 loan Tuesday from the Oklahoma Water Resources Board (OWRB) to facilitate improvements to the community’s water infrastructure. The OWRB approved the Drinking Water State Revolving Fund (DWSRF) loan during the panel’s regular monthly meeting.

The Oklahoma City Water Utilities Trust operates three existing water treatment plants; Hefner Water Treatment Plant, Draper Water Treatment Plant, and Overholser Water Treatment Plant. The funding proceeds will be used to construct a chemical storage and feed facility at the Hefner Water Treatment Plant, to construct a sludge handling system at the Draper Water Treatment Plant, and to pay other costs related to loan issuance. The water system improvements will greatly improve the capacity to continue providing clean, quality drinking water to the Oklahoma City region.

Joe Freeman, chief of the OWRB’s Financial Assistance Division, said the DWSRF loan shall be secured with a lien on the revenues of the Trust’s water and sewer systems. Oklahoma City officials attending the OWRB’s monthly meeting in support of the loan application included General Manager Marsha Slaughter, Finance Director Billy Little, and Revenue Auditor Vanessa Aguilar.

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 Legislators from Central Oklahoma 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

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