Broken Arrow, Coweta get $24 million in loans to improve wastewater infrastructure
Source: Oklahoma Water Resources Board
Public works officials in Broken Arrow and Coweta recently received $24 in loans for the Oklahoma Water Resources Board to tackle important projects.
The Broken Arrow Municipal Authority received approval for a $19.3 million loan from 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) where $500,000 will be in the form of loan forgiveness.
BAMA will utilize the proceeds for advanced metering infrastructure to enhance their automated meter reading system, for site acquisitions, design of the Melinda Park northside basin, design and construction of lift stations, force main improvements, construction of trunk sewer and manholes, rehabilitation of trunk sewers, flow monitoring, and construction of an addition to the Lynn Lane Wastewater Treatment Plant belt filter press building.
This project helps to meet Oklahoma’s Water for 2060 goals by focusing on water conservation and efficiency and reducing unintended flows to the wastewater treatment plant.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $2,382,400 over the life of the 30-year loan compared to traditional financing.
The CWSRF loan will be secured with a subordinate lien on the revenues of the Authority’s water, sewer, and sanitation systems and a 1-cent sales tax.
The Coweta Public Works Authority received approval to borrow $4.6 million. The Authority will use the loan and another $11.3 in other loan funds to modify and upgrade its wastewater treatment facilities.
The project will include the construction of a new lift station, lagoon, lagoon partition walls to create two aeration basins, two aerobic sludge digesters, construction of one flow equalization basin, an activated sludge pump station, two secondary clarifiers, and sludge drying beds, in addition to modification of their existing disinfection basin.
The improvements will allow adequate wastewater treatment for anticipated growth in the community and will help to maintain the water quality in the Arkansas River.
Freeman calculated that the Authority’s customers will save an estimated $1,211,600 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 systems and a three-cent sales tax.