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Owasso Public Works Authority reviews five-year utility rate plan, flags $12M in near-term capital needs
Summary
OPWA staff reported on the five-year utility rate plan in year four, noting more than $12 million in water and wastewater capital needs, a $15.5 million stormwater backlog, the system serves over 10,000 accounts, and the final 5-year rate increase will occur in October.
Carly Novisonstead, presenting for the Owasso Public Works Authority, reviewed the five‑year utility rate plan and the authority’s capital needs at the joint meeting.
Staff told the council the OPWA has funded more than $48 million in capital projects in recent years, including a $24.3 million wastewater-treatment-plant expansion, a $6.2 million Ranch Creek interceptor upgrade and a $5.5 million lift-station upgrade. Despite those investments, staff said the OPWA still has over $12 million of…
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