R-E-Solutions
"Serving the needs of the Real Estate and development communities without losing sight of the environment in which we live."





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Are wetlands stopping your development project? Wetlands mitigation credits are now available for sale at the Campbell Ranch Conservation Bank.


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Wetland Conservation Bank

WHAT IS A CONSERVATION BANK, AND WHY?

The development of vast parcels of land across the country destroys or threatens thousands of acres of wetlands and other sensitive habitats every year. Recognizing that the potential loss of many sensitive plant and animal species could be irreversible and could affect other species that coexist for part or all of the year in these areas, the State and Federal governments have enacted laws and regulations designed to preserve these sensitive habitats. A policy of "no-net-loss" of wetlands has been dictated by the President of the United States. Although the agencies prefer that these areas remain undisturbed, they recognize that this is not always practical. Wetlands substitution or replacement at another site is an acceptable solution where avoidance is not possible. However, until recently, a developer or landowner had only two options open to him:

  1. The landowner could mitigate the lost habitat or wetlands on a portion of the site he was developing; a loss of expensive development land, or
  2. The landowner could purchase another piece of land on which to develop compensatory habitat.

Unfortunately, both of these options require long-term monitoring and maintenance of the habitat to ensure its viability. They must meet regulatory agency standards at construction, and then must continue to meet said standards for a minimum of 5 years. If the habitat should begin to fail, the developer would be required to correct that aspect of the habitat which has failed, replant and/or restock the habitat to the standards set by the agencies. This can be very costly in terms of time and money, and if the developer is not qualified to maintain or monitor the habitat, he faces the additional expense of hiring a professional to perform this task.

Now a new solution called Mitigation banking is simplifying the process for the development community.

Mitigation banks are preserves of protected, restored or constructed wetlands or other habitats, set aside to meet governmental requirements for compensatory mitigation of impacts to wetlands and other habitats which occur with development. When a landowner or developer needs to substitute habitats for those being lost to development, he can purchase "credits" in a mitigation bank. Credits are a term used for a habitat value that is predetermined by an agreement between the mitigation bank developer and State and Federal agencies. The mitigation bank is authorized to sell credits to developers or landowners where on-site mitigation or avoidance of the wetlands or other habitat is not feasible.

Mitigation banks are a better solution ecologically, because they allow for mitigation before impact to existing wetlands, are generally of much larger size and they consolidate financial resources and biological expertise to provide a more focused approach. By creating the wetlands or other habitat and proving its viability before impacting an existing habitat, the bank assures both governmental agencies and the developer that "no-net-loss" of habitat or loss of habitat function will occur. Consolidating wetlands and resources from many smaller isolated projects into larger mitigation banks better protects the threatened ecosystem, and improves the successful establishment and long term management of these habitats.

A BETTER SOLUTION FOR WETLANDS CONSERVATION

The R.E.Solutions Mitigation Banks provide a better solution for developers and communities when it comes to wetlands mitigation.

FOR THE COMMUNITY:

By concentrating wetlands into larger parcels near urban areas, rather than small set-asides in developed industrial and commercial areas, a greater variety of interrelated habitats or ecosystems can be preserved. This provides the natural cycle of birth and rebirth which is critical for the viability of species being protected. Larger wetland banks near urban areas can provide school children with the opportunity to discover the biodiversity around us through guided field trips and educational seminars.

FOR THE ENVIRONMENT:

R.E.Solutions Mitigation Banks are protected from development in perpetuity through the development of conservation easements. Again, wildlife and habitat protection is enhanced by providing conservation easements over large parcels of land, with diverse topography and the life forms which are unique to each specific habitat.

FOR THE DEVELOPER:

Streamlined permits and severance of liability are the greatest benefits to the developer. R.E.Solutions Mitigation banks are approved by Federal, State, County and City governmental agencies, thereby reducing planning agency uncertainty over project application review. Purchase of mitigation credits from R.E.Solutions terminates all of the developer's future liabilities and responsibilities. Currently, project developers are faced with mitigating wetlands either on-site or off-site on their own land, and are required to maintain the viability of the wetlands habitat for a minimum of five years. Not only is this costly in terms of time and money, but if the viability of the mitigated habitat wans or fails, the developer must repair or replace it. Future liability may also be incurred as a result of the requirement to hold and manage the land in perpetuity. By purchasing R.E.Solutions mitigation credits, developers are released form such liabilities.

COST-EFFECTIVENESS:

Holding costs of prime development land can be expensive, especially when planning delays due to mitigation requirements drag on indefinitely. Purchase of R.E.Solutions mitigation credits reduces environmental planning review time, and adds value to real estate by reducing carrying costs. Again, by concentrating the wetlands into a few large banks, the cost of developing and maintaining the banks themselves is reduced by the economy of scale.

INTERNET RESOURCES

Please click here to see how we can help you solve your mitigation needs or to discuss purchasing preservation credits for your project.
Please click here to buy credits.

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R.E. Solutions, Inc. | Office: 707-678-7386 | Fax: 707-678-3121 | Email: danafoss@r-e-solutions.org