Wagoner approved for $8 million loan for water plant

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Posted: Wednesday, August 21, 2013 5:15 pm

The City of Wagoner has been approved for an $8 million loan from the Oklahoma Water Resources Board at their monthly meeting on Tuesday that will help the City as they construct a new water treatment plant.

The City is under a consent order from the Department of Environmental Quality to build a plant that will allow workers a longer retention period to treat the water that comes out of Fort Gibson Lake.

The City’s Public Works Authority provides potable water to almost 3,400 customers, including Rural Water District No. 6 customers.

Mayor James Jennings said that the plan for the new water plant is moving along it is looks as if the city may have the plant completed anywhere from six months to a year ahead of schedule now.

Joe Freeman, chief of the Water Board’s Financial Assistance Division, calculated that the loan from the Drinking Water State Revolving Fund will save Wagoner utility customers $2.4 million in interest charges over the 20-year debt repayment period.

Freeman said the loan will be secured with a lien on Wagoner’s utility revenues and perhaps a mortgage on the city’s water and sewer systems.

A City Council meeting has been scheduled at 7:30 p.m. today, Aug. 22 to discuss this matter further. It is open to the public to attend at Wagoner’s City Hall, located at 231 Church St.

At the Sept. 3 regular schedule meeting of the Council, Jennings said the City will discuss hiring a building contractor for the new water plant.

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