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Exhibit B <br />ORDINANCE Exhibit A - Page 38 of 55 <br />buffer credits. Properties adjacent to or abutting wetland creation projects shall not be <br />responsible for providing any additional buffer requirements. <br />12. In-Lieu Fee Mitigation. In-lieu fee (ILF) mitigation is a program involving the restoration, <br />establishment, enhancement, and/or preservation of aquatic resources through funds paid to a <br />program sponsor to satisfy compensatory mitigation requirements for unavoidable impacts to <br />wetlands and other aquatic resources. Per federal rule, sponsorship of ILF programs is limited to <br />governmental, tribal, or nonprofit natural resource management entities. Similar to a wetland <br />mitigation bank, an ILF program sells credits to permittees whose unavoidable impacts occur <br />within a specified geographic area (service area). When credits are purchased from the ILF <br />program, the permittee’s obligation to provide compensatory mitigation is then transferred to <br />the ILF program sponsor. The sponsor is then required to implement mitigation within a <br />specified time frame, working with regulatory agencies to make sure impacts are fully mitigated. <br />ILF programs are approved by the U.S. Army Corps of Engineers and the Washington State <br />Department of Ecology. The city may allow compensation for unavoidable impacts to wetlands <br />through contribution to an approved ILF program. <br />C. Wetland and Buffer Mitigation Plans. When wetland or buffer alteration or buffer reduction is <br />permitted by this chapter, a mitigation plan shall be required to describe the methods the applicant will <br />use to minimize impacts to wetland functions. A detailed mitigation plan shall be approved by the city <br />prior to any development activity occurring on a lot upon which wetland or wetland buffer alteration, <br />restoration, creation or enhancement is proposed. See EMC 19.37.075 for required wetland mitigation <br />plan content. <br />19.37.125 WETLAND MITIGATION BANKS. <br />A. Wetland mitigation banks are sites where wetlands are restored, created, enhanced, or, in <br />exceptional circumstances, preserved, expressly for the purpose of providing compensatory mitigation <br />in advance of authorized impacts to similar resources. Banks typically involve the consolidation of many <br />small wetland mitigation projects into a larger, potentially more ecologically valuable site. Such <br />consolidation encourages greater diversity of habitat and wetland functions. It also helps create more <br />sustainable systems. Banks provide a greater likelihood of success over permittee-responsible mitigation <br />projects, since the banks are up and running before unavoidable damage occurs to a wetland(s) at <br />another site. <br />1. The city may allow wetland mitigation banking in lieu of other forms of wetland impact <br />mitigation when the mitigation site being used for the credit allowed pursuant to this section is <br />either a wetland created from a site which was previously nonwetland, a wetland of lesser size <br />or functional value than the wetland being altered, or where the mitigation bank site <br />substantially increases wetland functions in the watershed within which it is located. Under the <br />wetland mitigation banking process, alteration of a wetland on the development site shall occur <br />only when the created or enhanced wetland is successfully functioning in accordance with an <br />approved wetland mitigation plan. The created or enhanced wetland shall have a higher <br />wetland function rating than that being altered. In evaluating a wetland mitigation banking <br />proposal, the planning director shall determine the amount of credit given for mitigation <br />banking using the ratios described in EMC 19.37.120.B.5 as a guide. The amount of credit will be <br />dependent upon the functions of the wetland being altered and the wetland being used for <br />mitigation banking. The city, using the review process described in EMC Title 15, Local Project