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Press Release
August 18, 2015

Broken Arrow Municipal Authority Receives $2,045,000 Water System Loan from OWRB

The Broken Arrow Municipal Authority (Authority) received approval for a $2,045,000 loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water infrastructure. Installation of upgrades and improvements to the Authority's water system will be financed by the Oklahoma Clean Water State Revolving Fund (CWSRF) loan program.

The Authority will use the loan proceeds to acquire and install approximately 8,000 Automated Meter Reading (AMR) water meters, as well as meter boxes, meter box lids, shut-off valves, hand-held meter reading devices with GPS, barcode scanners, and other related equipment.

This project focuses on water conservation and efficiency by reducing water loss in Broken Arrow's system. AMR’s provide leak detection alerts, thereby reducing unintended flows to the wastewater system. Additionally, the installation of AMR’s could lead to increased water supply reliability because the system has a better understanding of potential vulnerabilities. The project will help meet statewide Water for 2060 goals.

Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority's customers will save an estimated $563,000, over the life of the 5-year loan, compared to traditional financing. The CWSRF loan shall be secured by with a lien on the revenues of the Applicant's water, sewer, and sanitation systems, as well as a 1 cent sales tax. The Broken Arrow Municipal Authority officials attending the OWRB’s monthly meeting in support of the loan application included Tom Caldwell, Finance Director, and Anthony Daniel, Utilities Director.

The CWSRF program is administered by the OWRB with partial funding from the U.S. Environmental Protection Agency (EPA). The CWSRF program has approved approximately $1.3 billion in 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 $3.2 billion in loans and grants for water and wastewater infrastructure improvements throughout Oklahoma.

J.D. Strong, executive director of the OWRB, expressed his sincere appreciation to state legislators from the Broken Arrow area for their support of the CWSRF program.

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