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Owasso staff outlines modest rate increases, large capital needs and proposed debt to fund water and storm projects
Summary
City staff presented the Owasso Public Works Authority annual rate review, recommending one-year increases (water +1.1%, sewer +2.9%, stormwater +$0.50, trash to $19.50) and proposing additional debt financing to cover roughly $16M for three major projects.
Carly (OPWA staff) told the council that the authority has used a five-year rate plan since 2016 (extended in 2021) to restore fund balances and fund capital projects. She said construction and material costs have risen sharply — for example, material costs for a 6-inch water line increased about 152% since 2020 and an 8-inch line rose 178% — and tipping fees for refuse have grown substantially.
To address…
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