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Press Release
March 15, 2016

Oklahoma City Water Utilities Trust Receives $65,550,000 Water System Funding from OWRB

The Oklahoma City Water Utilities Trust (Trust) received approval for $65,550,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Trustís water infrastructure. Construction of upgrades and improvements to the water system will be financed by the Oklahoma Drinking Water State Revolving Fund (DWSRF).

The Trust will utilize the proceeds to construct multiple water system and water treatment plant improvement projects including: replacement of 6-inch and 8-inch water line from Portland Ave. to I-44 between NW 23rd St. and NW 27th St.; 12-inch water line replacement along Memorial Road near SH-74; replacement of 6-inch water line from Johnston Dr. to SW 43rd St. between S Pennsylvania Ave. and Blackwelder Ave.; improvements to the Overholser Water Treatment Plant and construction of a new dual pump station; improvements to the low lift pump station and to the sludge handling facility at the Hefner Water Treatment Plant.

After construction, the mechanical dewatering system proposed at the Hefner Water Treatment Plant will increase the capacity of the plant. Currently, the plant treats 75 million gallons per day (MGD) due to the current residual lagoons' capacity. This proposed project will allow the plant to treat up to 100 MGD without the need to add lagoons.

Joe Freeman, chief of the OWRBís Financial Assistance Division, calculated that the Trustís customers will save an estimated $7,000,000, over the life of the 30-year loan, compared to traditional financing. The DWSRF loan will be secured with a lien on the Trustís water and sewer systems revenues. Oklahoma City Water Utilities Trustís officials attending the OWRBís monthly meeting in support of the loan application included Marsha Slaughter, General Manager and Billy Little, Utilities Finance Manager.

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 $948 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 OWRB 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 Oklahoma Cityís legislative delegation for their support of the DWSRF program.

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