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5.0 WETLAND MITIGATION PLAN <br />Pursuant to EMC 19.37.050(B)(3) the on -site 1,345 square foot wetland is excepted from <br />compliance with the wetland preservation and protection goals but will be mitigated in accordance <br />with EMC 19.37.120. The applicant proposes to purchase credits from the Skykomish Habitat <br />Mitigation Bank (SHMB) to compensate for permanent wetland impacts, as allowed under MCC <br />EMC 19.37.125. Based on recent communication with the mitigation bank's project <br />representative, this mitigation bank has plenty of credits available for purchase. In addition, <br />according to the Regulatory In -lieu Fee and Bank Information Tracking System (RIBITS) the <br />Skykomish Habitat Mitigation Bank has 31.9515 wetland credits available. Therefore, the credits <br />required to complete this project are available. Credits will not be purchased until this mitigation <br />concept is conditionally approved by the City of Everett. <br />Mitigation credit ratios for impacts to Category IV wetlands have been determined by the SHMB <br />Mitigation Banking Instrument (MBI). The guidelines require 0.85 credits per acre of impacted <br />Category IV wetland. The table below summarizes the credits required. <br />Table 1 Mitigation Bank Credits Proposed for Use as Wetland Mitigation <br />Impacted <br />Total <br />Permanently <br />City & <br />Credit <br />Credit <br />Area <br />Wetland <br />Impacted <br />Ecology <br />Ratio per <br />Proposed <br />Area (sq. ft) <br />Area (acres) <br />Rating <br />Impact <br />for Use <br />Acre <br />Wetland A <br />1,345 <br />.03 <br />IV <br />0.85:1 <br />0.026 <br />Based on the mitigation ratios, the applicant is required to purchase 0.026 credits for the proposed <br />permanent impacts. <br />Sage Homes Abrlhwesl LLC - Siricklaud Property 9 Critical Area Sludy <br />WWI #20299 December 20, 2021 <br />