Enid News and Eagle
ENID, Okla. —
Garfield County Rural Water & Sewer District 5 received a low-interest loan Tuesday to enhance its system and to refinance a debt at a fixed interest rate.
Oklahoma Water Resources Board approved the $865,000 loan that will be coupled with more than $200,000 in system funds. The announcement was issued by J.D. Strong, OWRB executive director.
Jack Herrian, district manager, ap-peared before the board in support of the loan application. The local funds and loan proceeds will be used to construct 6.9 miles of 6-inch-diameter water lines in the northeastern quadrant of the district to increase water supply and pressure in the area, blueprints indicate.
The balance of the funds will be used to refinance a loan the district received from OWRB in 1988 to install water supply lines in several subdivisions in its area.
The rural district provides potable water in approximately 400 square miles of a 532 square-mile area of Garfield and Kingfisher counties. The exceptions include Enid, Waukomis, Hennessey and Breckinridge.
The district’s boundaries range from north/south Garfield County Road 277 on the west (approximately 10 miles west of Waukomis), to north/south Garfield County Road 296 (Breckinridge) on the east, and from Lake Hellums Road north of Enid to east/west County Road 63 on the south, which is about the southern edge of Hennessey.
The district pumps groundwater from two wells, and stores treated water in four standpipes that have a combined capacity of 450,000 gallons.
The district has more than 750 customers, and its water connections increased 13.6 percent during the past 10 years, records show.
Joe Freeman, chief of OWRB’s Financial Assistance Division, calculated district customers will realize an estimated $95,850 in interest savings over the 30-year life of the loan, compared to traditional financing. The district also is locking in the debt at a fixed rate, Freeman said.
Since 1983, the OWRB has approved more than $2.9 billion in loans and grants to improve and enhance the water and wastewater infrastructure needs of communities across Oklahoma.