Video Recaps of The Mitigation Banking Group, Inc.
April 23rd, 2020
Coronavirus (COVID-19) Pandemic Mitigation Banking Update
Hi Everyone! Just a quick update from my home office Winter Springs, Florida. Everything is good and things are moving along despite the obvious slowdown. We remain hopeful that the worst is behind us and we will be back to normal again soon.
March 13th, 2020
Colbert Cameron Mitigation Bank
Colbert Cameron Mitigation Bank provides state and federal credits within the 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) located within the St. Johns River Water Management District. CCMB is also permitted to offset RHPZ impacts for select projects.
Mitigation Bank credits are available to offset unavoidable wetland impacts that are located within the St. Johns River with RATIO credits (State) and M-WRAP credits (Federal).
The Colbert-Cameron Mitigation Bank is a 2,600-acre mitigation bank that is located in Volusia County, Florida.
The bank was permitted by both the St. Johns River Water Management District (SJRWMD) and the U.S. Army Corps of Engineers (ACOE) and can be utilized as mitigation for impacts within the service area.
Restoration activities include hydrological enhancement to restore the natural hydrology.
March 9th, 2020
Florida Wetland Delineation
Back in February 2019, Colangelo had the pleasure of going on a wetland delineation in Sanford, Florida with Bill Griffy of Ecological Consulting Solutions, Inc. The landowner was uncertain what he was able to do or not do with the property for development purposes. An environmental consultant, like Bill Griffy, can do a wetland delineation for your project to see where the wetland lines lay and also determine the quality of the wetland depending on the Location & Landscape, Water Environment, & Community Structure.
The vegetation, soil and hydrology all play a very important part in determining how much mitigation will be needed if an adverse wetland impact should development occur. If the mitigation plan is approved by the state and/or federal agencies, a landowner can utilize their land to the highest and best use by being able to mitigate for their wetland loss and replacing the wetland gain in another location such as a mitigation bank.
A mitigation bank must be located within the same geographic drainage basin/Hydrologic Unit Code (HUC) as the adverse wetland location. Once you determine which mitigation banks can service your property’s location, you can determine the pricing of the credits which range from $40,000.00-$350,000.00/credit. Depending on the quality of the wetland impact, will determine how many credits will need to be purchased. For example, if this landowner (in the video below) would like to impact the wetland and/or ponds on this property, the landowner would need to purchase approx. 0.4 UMAM credits for an acre of wetland impact.