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)
Farmton Mitigation Bank
Halifax River Basin & St. Johns River Basin
SJRWMD (UMAM) & USACE (WRAP)
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
Hammock Lake Mitigation Bank
Palatlakaha River, Southern Ocklawaha River and Ocklawaha River Basins
Permitted: SWFWMD (UMAM) & USACE (UMAM)
Mangrove Point Mitigation Bank
Tampa Bay & Manatee River Basin
Permitted: SWFWMD (UMAM) & USACOE (UMAM)
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)
Webster Creek Mitigation Bank
Northern Indian River Lagoon (21) & Halifax River Basin (17)
Permitted: SJRWMD (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.