Laserfiche WebLink
The following is a sample of a possible Purchase Agreement for the sale of Wetland Banking Credits. <br />This Purchase Agreement does not necessarily cover all of the issues that would be important to Sellers <br />and Buyers, nor does it address the terms that would be appropriate for any particular transaction. <br />Sellers and Buyers should obtain the services of qualified legal counsel to adapt this Purchase Agreement <br />to meet their specific needs. <br />THIS AGREEMENT is made this <br />PURCHASE AGREEMENT <br />FOR <br />WETLAND BANKING CREDITS <br />_ day of _ _, 20 _ between <br />(Seller) and _ (Buyer). <br />1. Seller agrees to sell to Buyer, and Buyer agrees to buy from Seller, the wetland banking credits <br />(Credits) listed below: <br />Credits to be Sold <br />Credit <br />Subgroup <br />Wetland Type/Plant Community Type <br />Cost per Credit <br />Credit Amounts <br />Per Credit <br />BSA 1 $520 <br />BSA 2 $371 <br />BSA 3 $725 <br />BSA 4 $1,412 <br />BSA 5 $685 <br />Withdrawal Fee by <br />BSA Enter the Withdrawal Fee <br />BSA 6 $1,083 for the BSA of the account: <br />Total <br />Cost: <br />Total <br />Credits: <br />(Withdrawal Fee x total cred'ts) <br />BSA 7 $1,992 <br />Withdrawal Fee: <br />BSA 8 $2,577 Easement Stewardshi s Fee: (Easement stewardship fee x total credits) <br />BSA 9 $2,628 $302 I er credit Stewardshi i Fee: <br />BSA 10 $3,099 Total Fees: <br />BWSR fee policy: http://www.bwsr.state.mn.us/wetlands/wetlandbanking/fee and sales data/Wetland Banking Fee Policy Effective Junel 20 17.pdf <br />2. Seller represents and warrants as follows: <br />a) The Credits are deposited in an account in the Minnesota Wetland Bank administered by the <br />Minnesota Board of Water and Soil Resources (BWSR) pursuant to Minn. Rules Chapter <br />8420.0700-.0760. <br />b) Seller owns the Credits and has the right to sell the Credits to Buyer. <br />Page 1 of 2 <br />BWSR Example Purchase Agreement <br />Updated July 14, 2017 <br />