The Crescent Public Works Authority Receives $332,500 Wastewater System Loan with 100% Principal Forgiveness from the OWRB

OKLAHOMA CITY –The Crescent Public Works Authority (Authority) received approval for a $332,500 loan with 100% principal forgiveness 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 the Oklahoma Clean Water State Revolving Fund (CWSRF).

The Authority is experiencing challenges with their sanitary sewer collection system. The approved funds will be used for planning, design, and engineering improvements to the sanitary sewer force main and primary lift station, along with replacing approximately 23,000 linear feet of sanitary sewer main.  These improvements will help reduce unintended flows to the wastewater lagoons.

Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s  customers will save an estimated $436,300 compared to traditional financing.

“We are grateful to State Senator Chuck Hall and State Representative John Pfeiffer 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 $7.5 billion in loans and grants for water and wastewater infrastructure improvements throughout Oklahoma.