Texas Water Development Board approves $990,000 to the Stryker Lake Water Supply Corporation (Cherokee County) for a water system project

For immediate release. Contact: Media Relations at 512-463-5129

LUBBOCK – (April 11, 2024) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $990,000 to the Stryker Lake Water Supply Corporation (Cherokee County), consisting of $290,000 in financing and $700,000 in principal forgiveness, from the Drinking Water State Revolving Fund (DWSRF). The Corporation will use the assistance for the planning, design, and construction of a water system project.

In addition to the loan forgiveness, the Corporation could save approximately $307,000 over the life of the loan by using the DWSRF.

With the assistance approved today, the Corporation will construct a 50,000-gallon groundwater storage tank, aeration system, and disinfection system to bring Well No. 3 back into service.

The TWDB is the state agency charged with collecting and disseminating water-related data, assisting with regional water and flood planning, and preparing the state water and flood plans. The TWDB administers cost-effective financial assistance programs for the construction of water supply, wastewater treatment, flood mitigation, and agricultural water conservation projects.