Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Water Utilities Trust votes to submit roughly $69 million SRF loan application to state
Summary
The Oklahoma City Water Utilities Trust approved a resolution to apply to the Oklahoma Water Resources Board for Clean Water State Revolving Fund assistance covering about $69 million for dam overhauls, a chlorination upgrade at the North Canadian wastewater plant and sewer-line rehabilitation projects; trustees approved the motion with no roll-call vote recorded in the transcript.
The Oklahoma City Water Utilities Trust voted Jan. 27 to authorize submission of an application to the Oklahoma Water Resources Board for assistance through the Clean Water State Revolving Fund to support a package of municipal water and sewer projects totaling about $69,000,000. The package, presented as the Trust’s routine annual SRF request, includes overhaul work on a dam, a chlorination system upgrade at the North Canadian wastewater treatment plant and several sewer-line rehabilitation projects.
General discussion on the item was brief. A Trust representative stated, "This year's package includes work on the overhauls for dam, the chlorination system at the North Canadian wastewater treatment plant, and several, sewer line rehab projects, totaling about $69,000,000." The chair asked for questions; none were raised. The motion to submit the application was made, seconded and the chair announced that it passed. The transcript does not record the names of the motion maker, seconder or a roll-call tally.
The application will be submitted to the Oklahoma Water Resources Board (OWRB) for consideration under the Clean Water State Revolving Fund program. If awarded, SRF assistance typically provides low-cost loans or financing support for design and construction of eligible water and wastewater projects; specific funding amounts, loan terms and conditions will be determined by the OWRB during its review.
Next steps: staff will file the SRF application with the OWRB for consideration. The Trust did not set additional conditions or direct further study during the meeting; no further public discussion of the SRF package was recorded in the transcript.
