HomeMy WebLinkAbout2020-078 Council Resolution•
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CITY OF LINO LAKES
RESOLUTION NO. 20-78
AUTHORIZING SALE OF WETLAND CREDITS
WETLAND CREDIT AGENCY
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 to purchase a total of .1168 non - Army Corps of
Engineers certified credits from the Otter Lake and Wollan Wetland Banks (BWSR Acct. 1122
and 1601), respectively in the amount of $10,175.61, 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 Wetland Credit Agency., in the
amount of $10,175.61 for purchase of .1168 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 Wetland Credit Agency., 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 27th day of July, 2020.
The motion for the adoption of the foregoing resolution was introduced by Council Member
t . y d e and was duly seconded by Council Member Cck. v Pg n and upon
vote being taken thereon, the following voted in favor thereof:
Lyc{e', C2..vc, Ruhtav4, S-t-vesz, 1 &+-Eert
The following voted against same:
t loate
ATTEST:
Rfferty, Mayor