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<br />APPROVED MINUTES <br /> Credit Compensation <br /> Recommendations <br /> <br />Woolans Park has wetland credits just under 6 acres. Land in the area would be <br />selling for about $2 per square foot. <br /> <br />Site 1 Winters property – all farm land be resorted to the original wetlands <br /> <br />Site 2 Northeast Drainage area - farmland that would need to be re stored and <br />created wetlands <br /> <br /> Site 3 Otter Lake – and a tamarack area nearby <br /> Mr. Asleson mentioned that there is an occupied osprey pole on this piece of land <br /> <br />Site 4 12th Ave property - is drained farmland. Therefore, it will need to be <br />restores and plug some of the drainage channels <br /> <br />Site 5 Pine Glen Outlot E - this site was partly drained so there would be altering or <br />plugging up some of the drainage tile. <br /> <br />Site 6 Wollans Park II - adjacent land has some endangered plants in this area <br /> <br />Recommendations <br /> Future studies need to be done - Wetland delineations, botanical surveys, <br />MnRAM assessments, and hydrology studies <br /> <br /> Coordination with agencies – Rice Creek Watershed District , US Army Corps of <br />Engineers, Board of Water and Soil Resources, Anoka Conservation District <br /> <br /> Wetland bank pricing – Fee to be set annually, based on current market conditions <br /> <br /> Revolving fund – fund future maintenance of the established wetland bank, fund <br />land acquisition for future bank sites, fund construction/restoration of future bank <br />sites. <br /> <br />Ms. Kaufenberg so the sell price of wetland bank credits is done every year. <br /> <br />Ms. Harwood explained that yes, that is why it best to evaluate annually the price of <br />wetland credits <br /> <br />Mr. Sullivan how close are we to selling Wollans wetland credits- <br /> <br />Mr. Asleson we could sell the wetland credits now if we wanted to and use that credit to <br />buy one of the sites that we have just discussed <br />