Mitigation Credits

Florida’s Section 404 Permitting Under Legal Scrutiny: What It Means for Mitigation Banking

Apr10

Florida Section 404 Permitting Challenge Moves to Appeals Court: Implications for Wetland Projects and Mitigation Banking At The Mitigation Banking Group, we closely follow legal and regulatory developments that impact wetland permitting in Florida. One of the most significant changes in recent years—the transfer of Section 404 permitting authority from the U.S. Army Corps of Engineers to the State of Florida—is now under serious legal review. A federal appeals court is scheduled to hear arguments this May in a case that

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Wetland Mitigation Bank Credit Potential: Maximize Land Restoration & Profit

Sep12

  Wetland Mitigation Bank Credit Potential: A Path to Sustainable Land Restoration and Profit   When considering a property’s suitability for a wetland mitigation bank, size and location are critical factors. Many landowners frequently ask whether their property qualifies for the establishment of a mitigation bank, and while there is no one-size-fits-all answer, understanding the factors involved can help determine if your land holds potential.   Property Size and Credit Potential A common question is whether smaller parcels, such as a 160-acre property in Central Florida, are

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Process of Determining Mitigation Credit Need

Aug24

Process of Determining Mitigation Credit Need Depending on the acreage/square feet to be impacted; as well as the quality of the wetland to be impacted, will determine how many credits are needed. An analysis will be performed by an environmental consultant to seek if the condition of the wetland to be disturbed is insufficient, has minimal level of support, less than optional, or fully supports wetland & surface water functions (0-10). For example, let’s say you have 1 acre of low quality

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Wedgefield Florida Mitigation Credits

Aug11

Wedgefield Florida Mitigation Credits   Wetlands are within many of the parcels of the Wedgefield Neighborhood.  If one is to encroach into a wetland area (dredge or fill activities), Florida Department of Environmental Protection and Orange County Permits (and mitigation credits to compensate for the functional loss) will be required for wetland impacts.   Wedgefield is located in the Econ Basin, therefore, you need to purchase mitigation credits from TM Econ Mitigation Bank. Mitigation Bank pricing is approx. $125,000.00/credit.   Depending on the quality (chart below)

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Reserving and Purchasing Mitigation Bank Credits: A Simple and Stress-Free Guide

Aug02

Reserving and Purchasing Mitigation Bank Credits: A Simple and Stress-Free Guide   The environmental landscape can often be complicated, but when it comes to reserving and purchasing mitigation bank credits, the process should be anything but that. With strategic planning and understanding, you can simplify this process and make it stress-free.   Reservation Process: Step-by-Step Sign a Mitigation Credit Agreement: Initially, you’ll need to sign a mitigation credit agreement and provide a 10% deposit of your purchase price. Get a Reservation Letter: Next, we will issue

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Calculating Mitigation Banking Credits in Florida

Mar31

One Credit Does Not Equal One Acre: Calculating Mitigation Banking Credits in Florida   Wetland mitigation banking credits are a valuable commodity. However, the methodology behind calculating credit amounts can be confusing and often leads to misconceptions about how many acres equal a wetland credit. This is to say nothing of how habitat credits are calculated.  The calculation of credits in Florida is not a straightforward mathematical formula. The exact formula may vary based on the method and regulations

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Get the Lowdown on Credit Types and Mitigation Credit Classifications 

Feb16

Get the Lowdown on Credit Types and Mitigation Credit Classifications    Mitigation credit types refer to the type of mitigation being used, while credit classifications refer to the level of ecological value and function provided by the mitigation site. Together, these concepts help to ensure that mitigation credits are used in a way that effectively offsets the impacts of a project while also protecting and enhancing the environment. These classifications bridge the gap between the scientific and regulatory world.

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Mitigation Credits Ratio/Wrap Methodology

Feb09

Mitigation Credits Ratio/Wrap Methodology How do I assess how many mitigation credits I need with a RATIO methodology from a mitigation bank? Prior to 2005; mitigation banks were permitted with RATIO credits from the 5 Water Management Districts and the Florida Department of Environmental Protection; and E-WRAP, M-WRAP or WRAP Credits from the U.S. Army Corps of Engineers. Therefore, these mitigation banks that were permitted from 1996-2004 are assessed via RATIO; and are considered grandfathered in. Therefore, some of the new environmental consultants

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Guide to Purchasing Wetland Mitigation Credits

Jan17

How Many Wetland Mitigation Credits Do I Need to Purchase? Purchasing the correct number of wetland mitigation credits is crucial for project compliance and environmental conservation. The number of credits required is influenced by several factors, including the quality of the wetland and the size of the area impacted. Determining Credit Requirements: Wetland Quality Assessment: The quality of the wetland, based on vegetation, soil, and hydrology, plays a significant role in determining the number of credits needed. A Uniform Mitigation Bank Assessment (UMAM)

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Conservation Bank Credit Ledger 

Jul20

Conservation Bank Credit Ledger Q: When a developer buys mitigation or conservation credits from the mitigation/conservation bank, does he need to keep the credit in perpetuity or can he resell the credits once the negative impact is considered offset so that the conservation bank can resell it after to another who needs to mitigate for negative impacts on the environment? A: When you purchase a Conservation/Mitigation bank credit, the credit is debited from the conservation/mitigation bank ledger which is held by the

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