Broken Arrow Municipal Authority
Meeting of: 12/04/2018
Title:
title
Approval of and authorization to execute Fiscal Year 2018-19 Budget Amendment No. 4 for the funding of the Financial Assistance (FAP) Loan from the Oklahoma Water Resource Board (OWRB)
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Background:
The Broken Arrow Municipal Authority received a $20,980,000 Financial Assistance Loan (FAP) from the Oklahoma Water Resource Board (OWRB) for the purpose of constructing a new pretreatment basin at the Verdigris Water Treatment Plant, acquiring property for the installment of the booster pump station at an existing water connection to Tulsa, designing the restoration of the second ground storage tank at Tiger Hill, constructing the replacement of the existing Lynn Lane truck sewer line, constructing the County line trunk sewer line, acquiring right-of-way easements for the rehabilitation of the Elm Creek trunk sewer line and other related construction and appurtenances.
Cost: $20,980,000
Funding Source: FAP Loan from OWRB
Requested By: Cynthia S. Arnold, Finance Director
Approved By: Michael L. Spurgeon, City Manager
Attachments: Budget Amendment to increase the budget for the OWRB FAP projects.
Recommendation:
recommend
Approve and authorize execution of a Fiscal Year 2018-19 Budget Amendment No. 4 for the OWRB FAP Loan.
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