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2001/11/27 City Council Resolution (5)RESOLUTION NO. 2001 -249 A RESOLUTION AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE A PURCHASE CONTRACT FOR PRESERVATION AND RESTORATION WETLANDS BANK CREDITS WHEREAS, the State Water Resources Control Board and the U.S. Department of Fish and Game require mitigation of lands identified as wetlands when such lands are considered for development, and WHEREAS, an approved method of mitigation is to create additional wetlands to replace the wetland areas taken by development, and WHEREAS, the creation of replacement wetlands is a long and laborious process requiring many government approvals, and WHEREAS, the demand for wetland replacement lands far exceeds the amount of acceptable and approved wetland replacement lands, and WHEREAS, wetland replacement banks are being created to assist developers in the availability of lands to mitigate identified wetlands, and WHEREAS, wetland credits can be purchased from approved wetland banks which is an approved mitigation measure for the replacement of identified wetland lands, and WHEREAS, City Staff have been working with Consultant, Marco Waaland of Golden Bear Biostudies and Nathan Botwinik of Vernal Pool Technologies, LLC, to identify available wetland banks, and WHEREAS, it is the City of Rohnert Park's desire to purchase both preservation wetland bank and restoration wetland bank credits to replace the .26 acres of identified wetlands on the City owned lands being sold to Costco for a Costco warehouse facility, and WHEREAS, it has been determined that the wetland bank credits necessary to mitigate this loss of wetlands on the City owned site is between 2.5 and 3.0 credits. NOW, THEREFORE BE IT RESOLVED that the City Manager is hereby authorized to negotiate and execute purchase contracts for preservation and restoration wetland bank credits to mitigate the .26 acres of identified wetlands on the City owned site being sold to Costco. BE IT FURTHER RESOLVED that the City Manager is authorized to offer for purchase of preservation wetland bank credits an amount not to exceed $10,000 per credit and to offer for purchase of restoration wetland bank credits an amount no to exceed $40,000 per credit solely for the mitigation of the .26 acres identified on the City owned land being sold to Costco. DULY AND REGULARLY ADOP�T'EED this 27th day of November, 2001.