Smithville, Missouri Development News

Board of Aldermen Discuss Major Utility Infrastructure Needs and Financing Options

The Board of Aldermen held a work session to discuss the significant infrastructure needs of the community's water and wastewater systems. Master plans completed in 2018 and 2020, with updates in 2025, along with rate studies, have identified substantial requirements, particularly for the wastewater system which is aging and requires major rehabilitation and replacement. Over the past seven years, approximately $15 million has been spent on various improvements, including a sewer rehabilitation program utilizing slip lining. The first phase of major infrastructure improvements for the wastewater treatment plant is planned for 2027-2028, aiming to increase capacity and manage peak flows. Projections for the next 10 years estimate over $106 million in costs for water and wastewater projects. The discussion also covered financing options, including potential rate increases of 8% for water and 30% for sewer, totaling a combined 19% increase. The board considered a utility financing plan that includes a State Revolving Fund (SRF) revenue bond election for November, with funds potentially available in fiscal 2028, and a Certificate of Participation (COP) issuance in the interim to bridge funding gaps. A timeline was outlined for ballot language adoption by August 25, 2025, with public education efforts to follow. Community conversations and facility tours are planned to inform residents about city services and utility needs.