Category Archives: Mitigation Banking

Long Beach Mitigation Bank Now Selling Mitigation Credits

Wetland mitigation credits are now available  on the Long Beach Peninsula near Long Beach, WA. The 76-acre Long Beach Mitigation Bank operated  by LBMB, Inc. was approved by the U.S. Army Corps of Engineers and the Washington State Department of Ecology in November of 2013.  Projects with unavoidable impacts to wetlands and wetland buffers within the service area of the mitigation bank now have the opportunity to purchase credits for wetland and wetland buffer mitigation.

Long Beach Mitigation Bank Service Area
Long Beach Mitigation Bank Service Area

The service area of the Long Beach Mitigation Bank includes projects with palustrine and lacustrine wetland and wetland buffer impacts on the coastal plain of the Long Beach Peninsula that drain to Willapa Bay or the Pacific Ocean or have no outlet.  Mitigation banking is a favorable option for compensatory mitigation because it allows for wetland functions and processes that are critical within a watershed to be restored, enhanced, or preserved.  Regulatory agencies have stated their preference for the use of mitigation banks, when available, over in-lieu fee programs or permittee-responsible onsite/offsite wetland mitigation for development projects.  In addition, applicants who use mitigation banking for project wetland impacts will have the benefit of avoiding costly development of permittee-responsible mitigation and monitoring plans, and shorter review time/permit issuance by the permitting agencies.  Purchasing mitigation credits allows developers to move forward with their project once the purchase is complete rather than the continuing responsibility to provide mitigation site maintenance and monitoring over a 5 to 10 year period.

To inquire about sales or more details about the mitigation bank contact Francis Naglich or Karey Bock.

LBMB, Inc.

1157 3rd Ave, Suite 220

Longview, WA 98632

(360) 578-1371

Ecological Land Services, Inc provides environmental consulting  services involving resources such as wetlands, streams, wildlife habitat, shorelines, and sensitive, threatened, and endangered species.

Long Beach Mitigation Bank

Mitigation banks typically involve the consolidation of many small wetland mitigation projects into a larger, potentially more ecologically valuable site.  Such consolidation encourages greater diversity of habitat and wetland functions.  It also helps create more sustainable systems.  Mitigation banks provide a greater likelihood of success, since the banks are up and running before unavoidable damage occurs to wetland or other critical areas at a development site.  The purpose of the bank is to provide, for sales to the general public, high-quality, consolidated, watershed-based compensatory mitigation.  Bank credits are available  – subject to regulatory approval – for future projects with unavoidable impacts to wetlands and other aquatic resources.  Units of restored, created, enhanced or preserved land are expressed as “credits” which may be subsequently be withdrawn to offset “debits” incurred at a project development site.  The presence of a wetland bank does not change existing regulatory requirements to avoid, minimize, rectify and finally, compensate for wetland impacts. Successful mitigation banks require much more than just permitting; MBI terms, credit marketing and pricing, and good relationships with regulatory agencies are critical to the overall success of a mitigation bank.

 

 

To view our article about mitigation banking follow this link: http://tdn.com/news/local/wetland-mitigation-bank-a-new-approach-to-preserving-habitat/article_dd82b990-a30a-11e2-8291-001a4bcf887a.html

East Fork Lewis Wetland Mitigation Bank

ESL assisted Habitat Bank with the preparation of various appendices to the MBI and is in process of completing the grading permit submittable for establishment of the East Fork Lewis Wetland Mitigation Bank (EFLMB)in Clark County, Washington. Additional tasks we have completed, or are in the process of completing, include at wetland delineation and functional assessment, botanical survey, and habitat pre-determination.