HomeMy WebLinkAbout2020-077 Council Resolution•
•
•
CITY OF LINO LAKES
RESOLUTION NO. 20-77
AUTHORIZING SALE OF WETLAND CREDITS
LARRY HEAD
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 .0689 credits from the Otter
Lake Wetland Bank (BWSR Acct. 1122) in the amount of $6,002.57, 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 Mr. Larry Head., in the amount of
$6,002.57 for purchase of .0689 acres of wetland credit. The price may be adjusted to reflect the
final approved credit amount determined by the local governmental unit and ACOE.
BE IT FURTHER RESOLVED that Mr. Larry Head, 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 27h day of July, 2020.
The motion for the adoption of the foregoing resolution was introduced by Council Member
L\i d ri and was duly seconded by Council Member CAA, e v► and upon
vote being taken thereon, the following voted in favor thereof:
�yeleh , Cu. vecn, R�avid, S+oesz, Raffer
The following voted against same:
None,
ATTEST:
Ju is e Bartell, Cit, Cle
RoVRafferty, Mayor