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2022.11.21 CC Packet
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2022.11.21 CC Packet
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11/21/2022 4:19:47 PM
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11/21/2022 4:16:09 PM
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City Council
Document Type
Agenda/Packets
Meeting Date
11/21/2022
Meeting Type
Regular
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Page 1 of 2 <br /> <br />Wetland Credit Agency, LLC w 12940 Overlook Road, Dayton, MN 55327 w 612-360-4700 <br /> <br />V2.2_05-16-21 <br /> <br /> <br /> <br /> <br /> WETLAND CREDIT <br />RESERVATION AGREEMENT <br /> <br /> <br />This Minnesota Wetland Credit Reservation Agreement (“Agreement”) is made this 22nd day of <br />September, 2022 between the Wetland Credit Agency, LLC (“Broker”) and Xcel Energy (“Buyer”). <br />(Broker and Buyer are collectively referred to as “Parties”). <br />WETLAND CREDIT ACCOUNT(S) <br />Acct. # County Major Watershed BSA (“Seller”) <br />1722 Anoka 20 – Mississippi (metro) 7 MPJWR Wetland Bank <br /> <br />1. Buyer agrees to buy the wetland banking credits (“Credits”) listed below: <br />CREDITS TO BE SOLD <br />Acct # Credit <br />Sub-group Acres Type Plant Community Type <br />1722 A 0.0950 2 sedge meadow <br />1722 B 0.2439 7 coniferous swamp <br />1722 C 0.3911 7 hardwood swamp <br />1722 G 0.0500 7 hardwood swamp <br />-- -- -- -- -- <br /> Total 0.78 <br /> <br />2. Statement Regarding Credits: <br />a) The Credits are deposited in an account in the Minnesota Wetland Bank administered by <br />the Minnesota Board of Water and Soil Resources (“BWSR”) pursuant to Minn. Rules <br />Chapter 8420.0700-.0760. <br />b) Seller owns the Credits and has the right to sell the Credits to Buyer. <br /> <br />3. Buyer will pay the sale price as reflected on attached Quote #445, terms as follows: <br />a) $2,500.00 as earnest money, to be paid when this Agreement is signed; and <br />b) The balance to be paid on or before the Closing Date listed below. <br />
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