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costs based of the subsequent feasibility report from the City Engineer. The costs per the feasibility report were approximately $20,000 less than the estimate used in the work session. Therefore the projected levy impact of 2017 street project has not significantly changed. Buildings Improvement Fund The long term viability of the Building Improvement Fund has benefited from three elements in 2016. As mentioned earlier the renegotiation of the school district lease provides for a greater transfer from the Community Center Fund to the Building Improvement Fund. Secondly, water treatment plant building improvement needs of $336,000 have been reassigned to the proposed Utility Infrastructure Fund. Lastly, the with the closing of the water filtration fund the 2017- 2033 public works building costs relative to housing utility equipment was factored into the distribution. The levy support for 2017 is set at $73,000. The levy is proposed to increase by $5,000 a year to keep pace with the foreseeable needs and inflation. By the end of 2033 the fund is projected to have significant funds on hand. It is important to note that City Hall Building will be 37 years old by 2023 and may need major structural repairs. Stormwater Fund The retirement of stormwater bonds in 2015 has freed up the stormwater charges for storm water pond silt removal, clean outs of water re-use tanks, water quality treatment operating costs, capital improvements and support for the debt levy reduction program. The Fund has also benefited from significant grants for capital improvements. The replacement of the street sweeper has been reassigned from the Capital Equipment fund to the Stormwater Fund. The main purpose of street sweeping is to prevent silts and road contaminants from entering the stormwater system. Therefore it is reasonable that stormwater charges help support the replacement of the street sweeper. The Stormwater Fund shows significant funds accumulated by 2033. However it is reasonable to expect that with further redevelopment (and increasing storm severity) that more stormwater management facilities and flood control projects will follow. While the specific needs and timing are yet to be determined it is prudent to maintain the funding necessary to meet these needs as they arise. Parks Improvement Fund The Parks Improvement Fund is projected to have substantial park dedication fees in connection with the pending redevelopment of the Lowry Grove site. The Park Commission has reviewed park amenities and has suggested additional seating and shade structures near the splash pads. These improvements have been reflected in the 2018 budget. The Park Commission is further evaluating the replacement schedule timing and associated costs with the assistance of the Public Works Director. The completion of that effort will populate the improvement plan with dates and costs Summary The proposed 2017 Capital Funds budgets align revenue sources with appropriate needs demonstrated by the buckets concept laid out in the 2014 budget cycle. The goal in this prior discussion was to develop a plan to achieve structural balanced and sustainable funds. The proposed budget represents significant progress made in reaching that goal.