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Press Release
June 17, 2015

Broken Arrow Municipal Authority Receives $13,000,000 Loan from the OWRB for Water and Wastewater System Improvements

Broken Arrow Municipal Authority (Authority) received approval for a $13,000,000 Financial Assistance Program (FAP) loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the community's water and wastewater infrastructure.

The Authority will use the loan for: design and construction of the Kenwood Hills Booster Pump Station and bar screens at 5 lift stations; land acquisition and design of a 2-3 million gallons per day elevated storage tank; right-of-way and design for new waterlines; design of sewer lines and the Elm Creek Trunk line; rehabilitation of the Haikey Creek Trunk Line, the Lynn Lane Wastewater Treatment Plant, and the Oneta Road Sewer Lift Station; right-of-way acquisition for the Aspen Creek Relief Line; force main replacement at the Haikey Creek Life Station; construction and set-up of a city-wide SCADA system for water and sewer; and to establish a debt service reserve.

According to Joe Freeman, chief of the OWRB’s Financial Assistance Division, the Authority’s customers will save an estimated $ 745,000 in interest charges, over the life of the 23-year loan, compared to traditional financing. The loan shall be secured with a lien on the revenues of the Authority's water, sewer, and sanitation systems, as well as a 1 cent sales tax. Local officials attending the OWRB’s monthly meeting in support of the loan application included Tom Caldwell, Finance Director, and Roger Hughes, City Engineer.

Since 1983, the Oklahoma Water Resources Board has approved over $3.2 billion in loans and grants for water and wastewater infrastructure improvements throughout Oklahoma.

“We are grateful to the state legislators in Broken Arrow for their support of our financial assistance programs,” said J.D. Strong, executive director of the OWRB.

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