Lake Jesup Basin Offsite Mitigation Area
There are currently NO mitigation banks within Lake Jesup Drainage Basin, SJRWMD and FDEP require that the“majority” of the wetland mitigation needs to stay “in basin”.
Offsite mitigation UMAM credits are available for wetland impacts within the Lake Jesup Basin. The land that is being mitigated will be placed under a conservation easement and donated to SJRWMD; with a fund to maintain and monitor the property in perpetuity.
The credit pricing for STATE offsite mitigation is $450,000.00/UMAM Credit.
Therefore, one can estimate approx. $135,000.00-$360,000.00/acre (average: $255,000.00/acre) to provide State compensatory mitigation to satisfy the permit requirements per the Environmental Resource Permit (ERP) from FDEP or SJRWMD.
If Federal Credits are required from the USACE (when the wetland is “navigable to another waterbody”; and not considered “isolated”) a Clean Water Act Section 404 Permit from USACOE may also be required. If Federal Credits are needed, it will be an additional $30,000.00/WRAP Credit from Colbert Cameron Mitigation Bank or $50,000.00/WRAP from Farmton Mitigation Bank.
SJRWMD will consider offsite mitigation with the MAJORITY of the mitigation provided WITHIN BASIN. Therefore, approx. 60% in basin and 40% out of basin; can be proposed; as part of the application process with the state agencies. The “Out of Basin Credits” could come from Colbert Cameron Mitigation Bank which is $60,000.00/State (RATIO) Credit or $75,000.00/State (RATIO) & Federal Credit (WRAP) and/or Farmton Mitigation Bank which is $120,000.00/State (UMAM) or $130,000.00/State (UMAM) & Federal (WRAP).
