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PROJECT PLAN <br />5 year plan based on using the existing Storm Water <br />Management (SWM) fund for projects <br />The Project Plan levels out a potentially peak and valley <br />process that would occur if projects were funded only as crises <br />arise.. SWM created in the 1980's and funded by specific <br />development projects fees (i.e.: Business Park, Sysco) <br />Assumption if development of the Project Plan: <br />• After 5 years the Storm Water Management would have <br />a balance of no less than $100,000 <br />• General maintenance and administration related to water <br />resources would be funded from the Storm Water <br />Management <br />• $450,000 could be spent on one large project after 5 years <br />or several small projects during the 5 year period <br />• The plan is reviewed annually to determine if funding <br />income is meeting or exceeding expenses <br />Project Plan assumes the city will have money in the bank <br />collecting interest verses having to borrow money and paying <br />out interest to fund large improvement projects <br />• <br />