The Duncan Banner
The City of Duncan is set to make its annual payment of $660,722.25 to the Waurika Lake Master Conservancy District.
During Tuesday’s regular meeting, the Duncan City Council will discuss making this annual payment, which was established through a contract dated Jan. 10, 1978. The contract was later amended on Oct. 22, 2002.
This annual payment secures the city’s water rights of 33.3 percent of Waurika Lake. The overall payment includes the principal payment of $388,342.68 and the interest expense of $272,379.57.
If the city council approves this payment, the city will have an outstanding balance of $7,469,826.28. The original contract was the result of an October 1977 vote approved by Duncan residents.
Waurika Lake, which is where the City of Duncan gets the majority of its useable water, has been impacted by drought conditions. Because of declining water volume, the City of Duncan has entered Stage 3 of its water rationing. In Stage 3, outdoor watering has been reduced to Wednesdays and Saturdays. Stage 2 water restrictions had previously limited outdoor watering from midnight to 9 a.m. every other day.
The council may also approve a pay request for engineering services rendered in conjunction with the Wastewater Improvements 2011 project.
The pay request amount is $2,635, which would be paid to PSA-Dewberry. The overall project amount is $37,150. If the payment is approved, the remaining balance will be $10,455.