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regulatory agencies will have the certainty that a mitigation site is successfully functioning and will <br />not have to review and approve a new site that has the risks associated with concurrent mitigation. <br />The site's mitigation credit generally will increase over time as the site matures until it reaches the <br />maximum credit potential when the mitigation goals, objectives and performance standards are met. <br />Ratios required to offset impacts generally will be reduced over time due to the decrease in temporal <br />loss and risk, making advance mitigation more cost effective. <br />Proposing Advance Mitigation <br />In order to qualify for the enhanced compensation ratios associated with advance mitigation, agency <br />verification of baseline conditions is necessary, so pre -approval of a Mitigation Plan prior to <br />commencing the mitigation effort is required. When proposing an advance mitigation site, applicants <br />should consider the anticipated location of future projects that will require mitigation so an <br />appropriate location near potential impacts can be selected. The mitigation should be designed to <br />achieve a self-sustaining site where appropriate. The type of mitigation proposed should consider <br />future needs so the mitigation type can offset expected functional losses of future aquatic impacts. In <br />cases where WDFW mitigation is required, the site should benefit the same fish stocks impacted by <br />the project. Fish stocks are defined as "a group of fish that return to spawn in a given area at the <br />same time and are, for the most part, reproductively isolated from other such groups. A stock may <br />include several Iocal spawning populations." <br />The risk of advance mitigation is borne by the permittee planning to use the mitigation site. <br />Establishing a mitigation effort generating advance credits provides no entitlement to, or guarantee <br />of, use of those credits as compensation for any particular project causing impact to aquatic <br />resources. <br />The following information is required for agency review and conditional approval when proposing an <br />advance mitigation site: <br />1. Applicants shall submit a mitigation plan for agency review and approval. The plan shall be <br />in accordance with 33 CFR 332.4(c) (see Appendix 2), and the current Joint Guidance, <br />"Wetland Mitigation in Washington State — Part 2: Developing Mitigation Plans", March <br />2006 Interagency Guidance, Ecology Publication #06-06-01 lb, and WDFW POL-M5002 for <br />fish habitat as applicable. The advance mitigation plan shall contain the requirements of a <br />concurrent mitigation plan and the following additional information: <br />a. Disclosure that the proposal is to construct a permittee -responsible advance <br />mitigation site. <br />b. The site location must be selected using a watershed approach. The watershed needs <br />should be identified in the plan, and include an explanation of how the mitigation will <br />improve the watershed. <br />c. Detailed and adequate documentation of baseline conditions (e.g., wetland <br />delineation and functional assessments, wetland category based on the Ecology rating <br />form, condition of riparian or wetland buffers, and condition of stream and fish <br />species if present), from which future ecological lift can be determined and adequate <br />credit identified. The baseline must be thoroughly documented as it is the foundation <br />for determining a site's potential for functional lift, and therefore the advance <br />mitigation credits that may be generated. <br />d. The size/acreage and type of mitigation proposed to be established, restored, <br />rehabilitated, enhanced, and/or preserved. <br />