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RESOLUTION 7437 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />APPROVING THE PURCHASE AGREEMENT FOR <br />WETLAND BANKING CREDITS FOR <br />THE COUNTY ROAD 10 TRAILWAY PROJECT: SEGMENTS 1-5 <br />AND AUTHORIZING PAYMENT <br />WHEREAS, on November 13, 2007 the City Council received the <br />Feasibility Report and held a Public Improvement Hearing for the County Road 10 <br />Trailway Project: Segments 1-5; and <br />WHEREAS, pursuant to Resolution 7279 adopted by the City Council on <br />June 9, 2008 the Feasibility Report for the County Road 10 Trailway Project: Segments <br />1-5 was approved, the project was ordered under a reduced scope, and preparation of <br />the plans and specifications was authorized; and <br />WHEREAS, pursuant to Resolution 7362 adopted by the City Council on <br />November 24, 2008 the plans and specifications for the County Road 10 Trailway <br />Project: Segments 1-5 were approved; and <br />WHEREAS, the improvements to be performed under the County Road 10 <br />Trailway Project: Segments 1-5 will impact three separate regulated wetlands; and <br />WHEREAS, mitigation of the wetland impacts at a ratio of 2.25-to-1 is <br />required by the permits necessary for the project; and <br />WHEREAS, due to the small amount of wetland impact, the most efficient <br />and cost effective way for Mounds View to provide mitigation is by the purchase of <br />credits from the Minnesota Wetland Bank; and <br />WHEREAS, a purchase agreement for the acquisition of the necessary <br />wetland credits has been prepared. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of <br />Mounds View, Ramsey County, Minnesota as follows: <br />1. The Purchase Agreement for Wetland Banking Credits from the Minnesota <br />Wetland Bank administered by the Board of Water and Soil Resources is <br />hereby approved. <br />2. The Mayor and Clerk-Administrator are authorized to execute said <br />Agreement on behalf of the City. <br />