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COLORADO SPRINGS, COLO. -- Wednesday's record-breaking rainfall is creating some big erosion problems for homeowners in the Powers corridor in Colorado Springs.

According to city officials, the Sand Creek area has been on the list of top five drainage issues for some time, and Wednesday's rainfall didn't help.

The east fork of Sand Creek is having major erosion problems. The rocks are part of the drop structure built to slow the velocity of the water down, but that's beginning to fail.

"It's not effective anymore or doing what it's supposed to do," Allen Peterson, Acting City Street Division Manager, said. "It's eroding the banks faster."

The concern is that if the erosion continues, a group of homes lining the bank will be swallowed up.

After the Stormwater Enterprise, a fee added to utility bills, was eliminated, the city's drains started to operate on an emergency basis.

The City Street Division collected $43 million between 2007 and 2010 from the fee, money that went towards drainage repairs.

And with a loss of funding, city officials said they're focusing on federal requirements.

"We are mandated by the federal government to provide maintenance to a number of ponds, detention ponds," Peterson said.

That's where a majority of their funds go.

But the city is taking action to make sure Sand Creek doesn't erode any further, they're in the process of looking at contractors to come in and shore up the creek.

The city hopes to have the contractor finalized by the end of this year.

There's a current back log of $500 million of storm water projects, and Sand Creek needs to be taken care of sooner rather than later.