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According to the wetland delineation there are 12.22 acres of "bankable" wetland in this <br />park. The City will receive 50% land banking credit ratio (50% of the acreage at the <br />current banking price.) for Wollan's Park wetlands <br />Once accepted by BWSR as wetland credits the city can sell these credits. Credits in the <br />metropolitan area are selling right now for $30,000 to $50,000 per acre. <br />RECOMMENDATION <br />Approval of Resolution 12 -24 supporting the submittal of Wollan's Park wetland banking <br />application <br />ATTACHMENTS <br />1. Resolution 12 -24 <br />2. Wetland Bank Application Part B <br />• <br />• <br />