Minco Municipal Authority Receives $1,010,000 Wastewater System Loan from OWRB

OKLAHOMA CITY – The Minco Municipal Authority (Authority) received approval for a $1,010,000 loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s wastewater infrastructure.  Construction of upgrades and improvements to the wastewater system will be financed by a 100% principal forgiveness loan through the Oklahoma Clean Water State Revolving Fund (CWSRF).

The Authority’s sewer collection system is antiquated and in need of replacement. The Authority will utilize the proceeds to replace approximately 3,000 linear feet of 8-inch and 10-inch sewer lines and rehabilitate or replace approximately 30 manholes to address inflow and infiltration. These improvements will reduce unintended flows to the wastewater treatment facility and help improve discharge to Buggy Creek.

Joe Freeman, Chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,272,400 compared to traditional financing.

“We are grateful to State Senator Lonnie Paxton and State Representative Dick Lowe for their support of our financial assistance programs,” said Julie Cunningham, Executive Director of the OWRB.

The CWSRF program is administered by the Oklahoma Water Resources Board with partial funding from the U.S. Environmental Protection Agency (EPA).  The CWSRF program has provided approximately $2.7 billion in water quality 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 $7.4 billion in loans and grants for water and wastewater infrastructure improvements throughout Oklahoma.