SLIDE 1
What Y
- u Need to Know
Why the Regulations are important How S ervice Areas work How credits are earned Who buys these credits
Boarshead Ranch Mitigation Bank
MITIGATION BANKING S heri Lewin S heri@ ERM-ConsultingS - - PowerPoint PPT Presentation
MITIGATION BANKING S heri Lewin S heri@ ERM-ConsultingS - - PowerPoint PPT Presentation
MITIGATION BANKING S heri Lewin S heri@ ERM-ConsultingS ervices.com What Y ou Need to Know Why the Regulations are important How S ervice Areas work How credits are earned Who buys these credits Boarshead Ranch Mitigation Bank
SLIDE 2
SLIDE 3
FEDERAL HIS TOR Y & RULES
The Clean Water Act
- 1972
- Permitting
- Water
quality
Waters of the U.S .
- Navigable
waters
- Tributaries
- Wetlands
S ection 404
- Avoid
- Minimize
- Compensate
SLIDE 4
S TATE HIS TOR Y & RULES
Water Management Districts
- Five Districts
- Permitting &
Review
- Release
Credits The Mitigation Bank Rule
- Offsite
mitigation
- S
ection 373.4136
- Chapter 62-
342.450 Environmental Re-Organization Act 1993
- MB program
framework Established
- Allows private
sponsors of MB
SLIDE 5
REGULATION IS THE KEY
Regulating Agency Public or Private Proj ect Impacts Wetland Mitigation Bank permitted & Constructed
Proj ect owner Pays for MB Credit Mitigation Bank Transfers Credit
SLIDE 6
KEY COMPONENTS
Credit Allocation Service Area Absorption Rate
SLIDE 7
S ERVICE AREA based on Drainage Basins
- r Watershed
CREDIT ALLOCATION Based on Environmental Lift on Land using UMAM ABS ORPTION RATE based on competition, regulatory climate, demand
SLIDE 8
Mitigation Banks Authorized In Florida
SLIDE 9
MITIGATION BANKING S TATS
Pending FL Mitigation Bank Permits Authorized Banks in FL National Average IRR
38 86
10%
- 25%
SLIDE 10