The Mitigation Banking Group, Inc. markets mitigation credits throughout the state of Florida from the following mitigation banks:
Colbert Cameron Mitigation Bank
St. Johns River (Canaveral Marshes to Wekiva) Basin (Basin 18), Econlockhatchee Nested Basin (Basin 19), Lake Jesup ( Basin 23), and part of the Southern St. Johns River (Basin 20)
(SJRWMD & USACOE)
Crosby Island Marsh Mitigation Bank
USACOE HUC: 03090101 and 03080101
Florida Gulf Coast Mitigation Bank
Freshwater: Waccasassa River, Suwannee River Basin, Coastal Rivers & Withlacoochee River Basins (SRWMD)(FDEP & USACOE)
Saltwater: SWFWD: Upper Coastal and Withlacoochee River Basin, SRWMD: Wacassassa, Lower Suwanee, Coastal Basin and Aucilla Basin, NWFWD: St Marks River and Ochlockonee Basin
Lake X Mitigation Bank
St. Johns River, Econlockhatchee Nested Basin, Lake Kissimmee, Lake Gentry, and Lake Hart Basins (SFWMD)
Reedy Creek Mitigation Bank
Reedy Creek, Shingle Creek, Boggy Creek, Lake Hart, E. Lake Toho, Lake Toho Basins, etc…
Permitted: SFWMD (UMAM) & USACE (M-WRAP)
Twin Oaks Mitigation Bank
Reedy Creek, Shingle Creek, Boggy Creek, Lake Hart, Lake Tohopekaliga, Lake Gentry, Lake Hatchineha, and Lake Kissimmee Basins
Permitted: SFWMD (UMAM)
Ensuring Project Success
Through Experienced Mitigation Services
Top 5 Reasons on why purchasing Mitigation Credits from a Mitigation Bank is preferred to providing Offsite or Onsite mitigation:
The developer that implements its own mitigation often finds its mitigation failing and must spend unexpected money to restore the wetland. The purchase of credits from a mitigation bank legally transfers all risk to the mitigation banker.
Benefits to the Environment
Establishment of a mitigation bank brings together financial resources, biological planning and scientific expertise. Consolidating these resources increase the potential for long-term successful mitigation that maximizes contribution to the environment. A large scale mitigation bank project has the opportunity to maintain the integrity of the aquatic ecosystem. The complexity of a wetland is difficult to encompass in a small development project. The larger mitigation bank has a better chance of encompassing all necessary biological functions.
On site mitigation often becomes a burden on development sites, causing a development to be planned around the mitigation. Buying credits from a mitigation bank allows the developer to maximize his usable land and put that space to its highest and best use.
Wetland impacts can be offset by property on-site or off-site (purchasing additional land within the same drainage basin to construct functioning mitigation). The cost increases with the additional burden of permitting, construction, monitoring, and maintenance activities. Mitigation through a bank requires a one time fee for the mitigation credits and the additional burden and hidden cost are avoided.
A developer using a mitigation bank will have reduced permitting time. The permitting practice is a more streamlined process since mitigation banks are already constructed and functioning. Wetland Mitigation banks are already approved by local, state, and federal agencies.