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Learn about OWDA Fresh Water Bonds, including Featured News, Key Projects, and The Team.
The Ohio Water Development Authority's mission is to provide financial assistance for environmental infrastructure from the lending for such purposes to local governments in Ohio, and sale of revenue bonds secured by such loans. The authority consists of eight members, including: five members appointed by the governor each who serve an eight year term, the director of natural resources, the director of environmental projection and the director of development.
About Fresh Water
Fresh Water Program began lending to Local Governments in 1992. Fresh Water has made loans to 343 local governments with 1046 total projects financed. Total principal financed of $2,046,534,234 of which $1,538,523,584 remains outstanding.
Moody's Investors Service has assigned a Aaa rating to the proposed approximately $167.6 million of Ohio Water Development Authority (OWDA), Water Development Revenue Bonds,
Fresh Water Series 2018 (the "Bonds"). Moody's also maintains a Aaa rating on all outstanding parity bonds. The outlook on the rating is stable.
OWDA awarded a $45,667,800 Fresh Water loan to the City of Piqua for the construction of a 6.75 million gallons per day (MGD) drinking water treatment plant for the City’s approximately 8,800 customers. The facility, which will treat surface water from multiple sources, will use conventional treatment technologies including flocculation/sedimentation, Granular Activated Carbon filters, rapid sand filtration, and water softening provided through a lime/soda ash method. The new facility will also be switching from use of chlorine gas, which has concerns relating to leaks/contamination that require a facility to identify a kill zone, to liquid sodium hypochlorite, a much safer disinfecting agent.
The Village of Mt. Orab WWTP Improvements – Phase 1 project was funded by an $3,380,792 OWDA loan The village is constructing a new preliminary treatment building housing a mechanically-cleaned fine bar screen and grit separation equipment, a new aerated sludge holding tank with new positive displacement blowers, a new alum feed system for phosphorus removal, and a new elevated influent channel and splitter box.
The largest Fresh Water loan was made to the City of Sidney for $22,148,558. The proceeds of the loan were used to construct four new wells at two wellfields; 7,000 feet of raw water transmission mains, and a pumping station. The new raw water transmission main will connect the new pump station to the City’s water treatment plant and will cross under the Great Miami River.