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Press Release
November 16, 2016

Helena Public Works Authority Receives $370,000 Water System from OWRB

Helena Public Works Authority (Authority) received approval for a $370,000.00 Financial Assistance Program (FAP) loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the community’s water infrastructure.

The existing water distribution system experiences low pressure conditions at peak water consumption time and during drought periods. In order to maintain a pressurized water supply at all times the Authority will construct a 250,000 gallon standpipe. The estimated cost to construct the project is $740,725. A $250,810 Community Development Block Grant and a Northern Oklahoma Development Authority Rural Economic Action Plan Grant in an amount of $33,541.55 along with $86,373.45 in local funds will be contributed by the Authority to complete the project.

According to Joe Freeman, chief of the OWRB’s Financial Assistance Division, the Authority’s customers will save an estimated $27,000 over the life of the 30-year loan. The loan shall be secured with a lien on the Authority’s water and sewer system revenues. Local officials attending the OWRB’s monthly meeting in support of the loan application included Cynthia Wayman, City Clerk

Since 1983, the Oklahoma Water Resources Board has approved over $3.4 billion in loans and grants for water and wastewater infrastructure improvements throughout Oklahoma.

“We are grateful to State Senator A.J. Griffin and Representative Jeffrey Hickman, for their support of our financial assistance programs,” said Julie Cunningham, Interim Executive Director of the OWRB.

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