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Davenport Utilities Authority has received a letter of conditions from USDA Rural Development. Here is a breakdown below of the grants and loans where applications have been submitted.
Total Project Cost $640,000.00
Oklahoma Water Resources Board Emergency Grant $75,000.00
USDA Rural Development Grant $94,300.00
USDA Rural Development Emergency Grant $150,000.00
USDA Rural Development Loan $305,000.00 (at 2.875% interest for 40 years)
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