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Press Release
October 21, 2015

Canute Public Works Authority Receives $2,120,000 Water System Loan from OWRB

The Canute Public Works Authority received approval for a $2,120,000 loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water infrastructure. Construction of upgrades and improvements to the Authority's water system will be financed by the Oklahoma Drinking Water State Revolving Fund (DWSRF). The project will also include funding through a $350,000 Community Development Block Grant (CDBG), as well as a $100,000 Rural Economic Action Plan (REAP) Grant from Southwestern Oklahoma Development Association (SWODA), for a total project cost of $2,570,000.

The Authority will utilize the loan proceeds and other funds to construct a 150 gallon per minute (gpm) reverse osmosis membrane water treatment plant, a line to transport raw water to the plant from the existing well field, a treated water line to the existing standpipe and other related components. The new reverse osmosis water treatment plant will enable the community to meet federal drinking water standards for nitrates.

Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority's customers will save an estimated $902,000, over the life of the 28-year loan, compared to traditional financing. The DWSRF loan shall be secured with a lien on the revenues of the Authority’s water, sewer, and sanitation systems and a 1 cent sales tax. Local officials attending the OWRB’s monthly meeting in support of the loan application included Mayor David Root, Town manager Dan Price, and consulting engineer Danny Coltrane.

The DWSRF program is administered by the OWRB and the Oklahoma Department of Environmental Quality (ODEQ) with partial funding from the U.S. Environmental Protection Agency (EPA). The DWSRF program has provided approximately $916 million in drinking water 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 $3.3 billion in loans and grants for water and wastewater infrastructure improvements throughout Oklahoma.

J.D. Strong, executive director of the OWRB, and Scott Thompson, executive director of the ODEQ, express their sincere appreciation to State Senator Mike Schulz and State Representative Todd Russ for their support of the DWSRF program.

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