Public Hearing Item | Arcadia Lake Water Treatment Plant Update

This City of Edmond, Oklahoma public hearing on June 23, 2026, focused on the financing and contracting aspects of the final large phase of the Arcadia Lake Water Treatment Plant expansion. The city discussed utilizing a loan from the Oklahoma Water Resources Board Financial Assistance Program to fund the $377 million construction contract, which includes an owner's allowance and will increase the plant's capacity from 12 million to 30 million gallons per day. The meeting also covered a budget amendment to provide authority to encumber funds for construction and consulting contracts in fiscal year 2027. The council reviewed financing options, ultimately selecting the loan for its favorable interest rate and refund terms, with plans to revisit water rates in the future but no immediate increases anticipated. The discussion emphasized transparency, contingency planning, and the importance of separating capital budgets for clarity. No votes were explicitly recorded in the transcript, but the meeting set the stage for upcoming contract approvals and budget adjustments related to this major infrastructure investment.