Boynton Public Works Authority Receives $999,999 Water System Loan with Principal Forgiveness from the OWRB
OKLAHOMA CITY – The Boynton Public Works Authority (Authority) received approval for a $999,999 loan with 100% principal forgiveness on Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water infrastructure. Construction of upgrades and improvements to the water system will be financed by the Oklahoma Drinking Water State Revolving Fund (DWSRF).
The Authority operates a public water system and is undertaking improvements to enhance water quality and maintain compliance with drinking water standards. The proposed project will install a new mixing system in an existing water storage tank to keep water circulating and prevent stagnation. Improved circulation will reduce the formation of disinfection byproducts, which can occur when treated water remains in storage for extended periods. These upgrades will help restore and maintain compliance with regulatory requirements while providing safer, higher-quality drinking water for residents and businesses served by the Authority.
Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,581,300 when compared to traditional financing.
“Implementing a new mixing system in the water storage tank under the Boynton Public Works Authority is a major step forward in protecting public health and keeping compliance with drinking water standards,” said Senator Bryan Logan, R-Paden. “By investing in water storage infrastructure, we are ensuring Boynton residents will have safe drinking water for years to come.”
Julie Cunningham, Executive Director of the OWRB, and Rob Singletary, Executive Director of the Oklahoma Department of Environmental Quality (ODEQ), express their sincere appreciation to State Senator Bryan Logan and State Representative Scott Fetgatter for their support of the DWSRF program.
The DWSRF program is administered by the OWRB and ODEQ with partial funding from the U.S. Environmental Protection Agency (EPA). The DWSRF program has provided approximately $2.5 billion in drinking water loans to provide communities with 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 $8.7 billion in loans and grants for water and wastewater infrastructure improvements throughout Oklahoma.
Established in 1957, the Oklahoma Water Resources Board (OWRB) serves as the state’s water resources planning and development agency. A nine-member Board oversees the OWRB, with members appointed by the Governor to represent nine geographic regions and water-use sectors. The OWRB is committed to managing, protecting, and improving Oklahoma’s water resources to meet long-term water supply, water quality, flood mitigation, and infrastructure needs. For more information, visit Oklahoma.gov/owrb.