COLORADO SPRINGS, Colo. (KRDO) -- Two years after a judge ruled that the city violated federal stormwater regulations on several occasions, the proposed penalty has been revealed.

The city would pay a fine of $2 million and commit to an additional $43 million in stormwater projects over 15 years, Mayor John Suthers announced earlier this week.

Suthers said "an agreement in principle" exists for a settlement between the city -- the defendant in the case -- and the plaintiffs including the Environmental Protection Agency, the Colorado Department of Public Health and Environment, Pueblo County and the lower Arkansas Valley Water Conservancy District.

"We're now entering a 30-day comment period," he said. "At the end of it, the judge will evaluate whether he wants to approve the settlement. I suspect he will."