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Mitigation Banks and In-Lieu Fee Programs

Mitigation Banks and In-Lieu Fee Programs. Corrie Veenstra Ecologist Federal Highway Administration Office of Project Development and Environmental Review. Presentation Goals. Provide Audience with an Understanding of Mitigation Basics of Mitigation Banks and In-Lieu Fees(ILF)

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Mitigation Banks and In-Lieu Fee Programs

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  1. Mitigation Banks andIn-Lieu Fee Programs Corrie Veenstra Ecologist Federal Highway Administration Office of Project Development and Environmental Review

  2. Presentation Goals • Provide Audience with an Understanding of Mitigation • Basics of Mitigation Banks and In-Lieu Fees(ILF) • Distribution of Banks and ILF

  3. What Is Mitigation? Restoration, establishment, enhancement, or preservation of wetlands, streams or other resources for the purpose of offsetting unavoidable adverse impacts .

  4. Who Requires Mitigation?

  5. Permittee Mitigation Bank or In-lieu Fee Mitigation Options • Identify property • Design wetland • Approval from Regulatory agencies • Construct wetland • Monitor the site 10 years or more • Maintain and monitor site in perpetuity • Property restrictions • Buy credits

  6. What are Mitigation Banks ? • Large Scale Sites • Banker • Agreement/Instrument • Service Area • Credits

  7. What are In-Lieu Fee Programs? • Watershed • Sites not identified • Instrument • Service Area • Credits • Temporal loss Diagram from:www.fergusonfoundation.org

  8. What are Conservation Banks/ILF? • Threatened and Endangered Species • Endangered Species Act

  9. Differences • Mitigation Banks: • Public or private sponsor • Site secured & project initiated in advance of debits • Corps has no authority over bank expenditures • In-lieu fee programs: • Government or non profit conservation organization • Fees often received before implementing project • Corps approves project funding

  10. Corps/EPA Regulations • Long Term Management Plan for ALL mitigation sites • Easement • Legal Instrument ensuring protection in perpetuity

  11. Program Comparison Source: RIBITS (Regulatory In-Lieu fee Banking Internet Tracking System)

  12. Distribution of Sites

  13. Sponsorship of Bank Sites Information from RIBITS (Regulatory In-lieu fee Bank and Information Tracking System)

  14. More Information Contact Information: • Email: Corrie.veenstra@dot.gov • Phone: (202)366-8168 Helpful Links: • Regulatory In-lieu fee & Bank Information Tracking System http://ribits.usace.army.mil • FHWA’s Everyday Counts http://www.fhwa.dot.gov/everydaycounts/index.cfm • Mitigation Banking Fact Sheet: http://www.epa.gov/wetlandsmitigation/

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