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Wetland Mitigation Fee Policy • Page 2 Minnesota Board of Water & Soil Resources • www.bwsr.state.mn.us Requests for deposit containing all of the information required in MN Rule 8420.0725 that are received by a local government unit prior to the effective date of the Credit Fee Schedule developed under Part III.H will be subject to the deposit fees in place at the time the request was received, provided that the credits are deposited by December 31 of that calendar year. C. Account Transfer Fee. Account transfer fees will be assessed at 6.5% of the value of the credits transferred, not to exceed $1,000 per transfer. The value of the credits and resulting per-credit fee will be determined according to Part III.H. Transfer fees are assessed when credits are transferred by any means (e.g. sale, gift, donation, exchange) from one account holder to a new account holder, but not used for replacement purpose. The Wetland Bank Administrator may be contacted to verify the amount of the transfer fee. BWSR will not transfer the credits until the fee is paid. D. Withdrawal Fee. Withdrawal fees are incurred when credits are withdrawn for the purposes of wetland replacement and will be assessed at 6.5% of the value of the credits withdrawn. The value of the credits and resulting per-credit fee will be determined according to Part III.H. Credits will not be withdrawn from the account and used for wetland replacement purposes until the applicable withdrawal fees have been paid. Withdrawal transactions where a signed purchase agreement between the account holder and the buyer of the credits was received by a local government unit, as part of a complete wetland replacement plan application, prior to the effective date of the Credit Fee Schedule developed under Part III.H will be subject to the withdrawal fees in place at the time the replacement plan application was received by the local government unit, provided that the withdrawal is made by December 31 of that calendar year. E. Account Maintenance Annual Fee. Account maintenance fees will be assessed annually at 1% of the value of the credits in each account, not to exceed $500. The value of the credits and resulting per-credit fee will be determined according to Part III.H. Account maintenance fees will be assessed at the time of the first transaction (withdrawal, transfer, or deposit) of each calendar year and will be based on the credits in the account at that time. If there are no transactions in an account for the year, then no maintenance fees will be assessed for that year. The account maintenance fee will not be assessed in the same calendar year during which an establishment fee is assessed and paid. No transactions will be processed until the assessed maintenance fee has been paid. F. Easement Acquisition Fee. Each wetland mitigation easement will be assessed an easement acquisition fee of $3,400. The fee will be assessed in two installments: (1) an initial fee of $1,000 will be assessed at the time the mitigation sponsor initiates the acquisition process. BWSR will not begin the easement acquisition process until the initial fee is paid; and, (2) the balance of the easement acquisition fee ($2,400) will be assessed when BWSR prepares the conservation easement and transmits it to the landowner for signature. BWSR will not sign and accept the conservation easement until the easement acquisition fee is paid in full. The easement acquisition fee will also apply to the modification, release, or partial release of the easement at the request of the account holder and/or landowner except the total fee will be the actual cost of the easement modification or release, not to exceed to $3,400. Upon request, BWSR can provide an estimate of the total cost to modify or release the easement prior to