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SECTION III Natural Resources Revolving Fund Plan City of Lino Lakes WSB Project No. 2988-470 Page 11 need to be purchased from the current landowners. 2. Application expenses – Wetland bank applications need to be completed through both the WCA and ACOE. These applications can take several months to complete and costs are typically associated with agency meetings, wetland delineations, plant surveys, engineering design plans, and restoration plans. Though the cost to complete the application depends on the scope and size of the bank site, it can be expected to range between $75,000 - $125,000. 3. Construction/Restoration expenses – Expenses related to the construction and ultimate restoration of the bank site include: construction administration, survey, grading, erosion control, tile locating (if applicable), seedbed preparation, seeding, and site inspections. The overall cost of these expenses would vary depending on the scope of the bank site construction, and would typically be estimated during the bank application phase. 4. Monitoring expenses – Following the construction of a bank site, the WCA and ACOE require 3-5 years of monitoring to document the success to of the site. Monitoring of the site includes assessing the establishment of vegetation each growing season, documenting the hydrology (particularly if ditches or tiles were blocked/broken during restoration), and completing wetland delineations to verify the establishment of wetland. Monitoring reports must be submitted to the regulatory agencies annually. The typical cost of this phase ranges from $9,000 - $15,000, depending on the length and types of monitoring required. 5. Maintenance expenses – Wetland bank sites need to be maintained in perpetuity. The maintenance of a bank site typically is related to vegetation management and may include spot herbicide treatment, manual removal of invasive species, mowing, and prescribed burning. It is expected that successful bank sites will need less management as time passes; however, the ACOE recommends obtaining financial assurances for 5 – 10 years beyond construction. 6. BWSR fees – BWSR has been granted statutory authority to assess fees to administer and oversee the state wetland bank and to acquire, monitor, and enforce conservation easements for mitigation sites. There are two types of fees: bank account fees and easement fees. Bank account fees are associated with the establishment, maintenance, deposit, transfer, and withdrawal actions associated with each bank. Easement fees are associated with the acquisition, modification, or release of a conservation easement and the monitoring and enforcement of the easement. The current fees are included in the June 1, 2017 Wetland Mitigation Fee Policy document (Appendix B). It is anticipated that if the City partners with a private landowner, that bank site would be given priority. The percentage of the selling price given to the landowner would be negotiated during the planning phase of the bank.