2020-08-10-minutes-public-works-study-session

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Appendices Appendix 1. Comparison of Permittee -Responsible Advance Mitigation to Other Mitigation Options Type Who is When Can the Site Is the Sale Who Can use Responsible be Used of Credits the Site as for Site Allowed. Mitigation Development, Management, Performance & Protection. Mitigation Bank Sponsor — Credits must be generated and Yes As approved by Banking any private, released prior to impacts; one major the permitting tribal, or public advantage of banking is that a agencies, an entity limited number of credits become applicant with available when the banking impacts in bank - instrument is approved, the site is service area protected, and financial assurances are posted. In -Lieu Fee Program The fee must be applied to mitigation Yes, in -lieu As approved by Sponsor — must effort within 3 growing seasons from fee payment the permitting be a the first in -lieu fee payment within a is applied agencies, any governmental designated service area. toward the applicant with (including costs of impacts in an tribal) or establishing approved non-profit mitigation service area that natural pays the in- lieu resource entity fee to an approved Permittee- Permittee of the The site can be used as concurrent No, advance _program The advance Responsible Advance Site mitigation within one year of credits credits can only Advance impacts through the first two years cannot be be used by the after construction. If used two or sold permittee that more years after mitigation developed the construction, the ratio for use will advance site. decrease as additional credits generated will be valued as advance credits which generally increase in value as the effort matures and the performance standards are met. Permittee- Permittee Mitigation effort must be No The permittee Responsible implemented concurrently or within for the impact Concurrent one year of impacts. proiect