HomeMy WebLinkAbout2020-070 Council Resolution•
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CITY OF LINO LAKES
RESOLUTION NO. 20-70
AUTHORIZING SALE OF WETLAND CREDITS
ALLIANT VENTURES, LLC.
WHEREAS, The City has established a wetland bank to preserve and restore open space and to
mitigate the local impacts to wetlands associated with public and private development
improvements; and
WHEREAS, The City has received a request for the purchase of .2245 credits from the Otter
Lake Wetland Bank (BWSR Acct. 1122) in the amount of $19,558.44, and
WHEREAS, The City Council finds it is in the best interests of the City to make such credit
sale;
NOW, THEREFORE BE IT RESOLVED by The City Council of The City of Lino Lakes that
staff is authorized to enter into a purchase agreement with Alliant Venutres, LLC., in the amount
of $19,558.44 for purchase of .2245 acres of wetland credit. The price may be adjusted to reflect
the final approved credit amount determined by the RCWD and ACOE.
BE IT FURTHER RESOLVED that Alliant Ventures, LLC., shall be responsible for payment
of the withdrawal and stewardship fees associated with said transaction.
Adopted by the Council of the City of Lino Lakes this 13th day of July, 2020.
The motion for the adoption of the foregoing resolution was introduced by Council Member
R tc and was duly seconded by Council Member Iv A . and upon
vote being taken thereon, the following voted in favor thereof:
, %a. td , Sty es 7, Ra Ei r-f-y
The following voted against same:
N ►� -- 4-0: ect.v e5vi
ATTEST:
CILL-Le Bartell, C. Cle
i r'f•-t-AN
l Ra erty, Mayor