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Table 4: Mitigation Bank Credits Proposed for Use as Wetland Mitigation <br />Total <br />r <br />m Pei <br />Everett & <br />Credit <br />Credit <br />Impacted <br />Wetland <br />Impacted <br />Ecology <br />Ratio per <br />proposed <br />Area <br />Area (sq. <br />Area (acres) <br />Rating <br />Impact <br />For Use <br />ft.) <br />Acre <br />Wetland A <br />2,155 <br />Wetlands <br />0.049 <br />II <br />1.2 <br />0.06 <br />Wetland B <br />171 <br />0.004 <br />III <br />1.0 <br />0.004 <br />Wetland C <br />3,577 <br />0.082 <br />II <br />1.2 <br />0.098 <br />Wetland D <br />4,920 <br />0.113 <br />III <br />1.0 <br />0.113 <br />Total <br />0.248 <br />0.275 <br />Based on these mitigation ratios, the applicant is required to purchase 0.275 credits for the 0.248 <br />acres of impact. <br />4.5 CITY OF EVERETT WETLAND MITIGATION BANKING CODE <br />EMC 37.120(C)(12)(b) authorizes the use of wetland mitigation banking for unavoidable impacts <br />to wetlands according to the following requirements: <br />EMC 37.120(C)(12)(b): Credits from a wetland bank may be approved for use as compensation for unavoidable <br />impacts to wetlands when: <br />iZ. The director determines that the wetland mitigation bank provides appropriate compensation for the <br />authorized impacts. <br />The mitigation bank being proposed for use in conjunction with this project has already <br />been previously approved to provide appropriate compensation for impacts, including <br />those to Category II and III wetlands. <br />ii. The proposed use of credits is consistent with the terms and conditions of the bank's certification. <br />Credits will be used to compensate for impacts to Category II and III wetlands, as <br />determined by approving agencies. The proposed ratios and use of credits are consistent <br />with the terms and conditions of the bank's certification. <br />iii. Replacement ratios for projects using bank credits shall be consistent with the terms and conditions of the <br />' bank's certification. <br />Bank credits required for impact compensation were calculated using the approved ratios <br />for replacement for the mitigation bank being used. <br />iv. Credits from a cert f ed wetland mitigation bank may be used to compensate for impacts located within the <br />' service area spec f ed in the bank's certification. In some cases, bank service areas may include portions of <br />more than one adjacent drainage basin for specific wetland functions. <br />Soundview Business Campus 11 WRI #15202 <br />Compensatory Wetland Mitigation Plan Revision #2: October 2, 2015 <br />