The Glenpool Utility Services Authority Receives $35,000,000 Wastewater System Loan from the OWRB
The Glenpool Utility Services Authority (Authority) received approval for a $35,000,000 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 the Oklahoma Clean Water State Revolving Fund (CWSRF).
The Glenpool Utility Services Authority is securing extra funding to continue upgrading its wastewater treatment system, started with an ARPA grant. The project will build a modern wastewater treatment plant with advanced equipment for screening, pumping, grit removal, and cleaning old lagoons. These improvements will ensure better wastewater management for the growing community. The $67.9 million project is funded by a $35 million loan and a $44 million ARPA grant.
Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $13,077,400 over the life of the 30-year loan compared to traditional financing. The CWSRF loan will be secured with a lien on the revenues of the Authority’s water, sewer, and sanitation revenues, a 4- cent sales tax, and may include a mortgage on the water and sewer systems.
The Glenpool Utility Services Authority’s officials attending the OWRB’s monthly meeting in support of the loan application included David Agbetunsin, City of Glenpool engineer, and Srini Sundaramoorthy, consulting engineer. “We are very grateful for the opportunity to be here and for the Board's consideration,” said Mr. Agbetunsin. “We also want to thank the staff for working with us over the last few months have been incredible.”
“We are grateful to State Legislators from the Glenpool metro area for their continued 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 $2.8 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 $7.7 billion in loans and grants for water and wastewater infrastructure improvements throughout Oklahoma.
