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Exhibit 1 <br /> • approximately 13.1 acres is considered compensatory mitigation for the <br /> 8.23 acres of wetlands impacted by the project. (Advanced Wetland <br /> Mitigation Agreement for Smith Island Habitat Restoration Project, <br /> February 21, 2003) <br /> (2) Schedule: The project is being constructed by the US Army Corps of <br /> Engineers. Construction started in August 2003. The restoration project <br /> construction will occur over 3 construction seasons (years), with the dike <br /> breach scheduled to occur in 2005. <br /> (3) Costs/Funding Sources: <br /> Project total - $5 million. <br /> City of Everett - $2.54 million <br /> SRF Board - $ 0.16 million (used as part of City's matching funds) <br /> US Army Corps - $2.4 million <br /> (4). Habitat Function Benchmark Gain: <br /> 8.23 acres of diked freshwater wetlands filled for dike improvements to <br /> protect the treatment plant and construction of dikes around the mitigation <br /> site. <br /> 55.86 acres of diked freshwater wetlands converted to intertidal wetlands. <br /> Approximately 4,292 IVA acre-points of tidal habitat gained from mitigation. <br /> Approximately 2,590 IVA acre-points of tidal habitat gained from restoration. <br /> Note - the IVA-acre gain is more than shown in Table 4.5 because the <br /> City/Corps are restoring 93 acres instead of the 82 acres assumed in Salmon <br /> Overlay Table 4.5. In addition, based upon the detailed plans, the City <br /> expects that the site will develop marsh vegetation over 25% of the site. This <br /> amount of vegetation results in a higher IVA score. <br /> (5) Mechanisms to insure implementation and to measure effectiveness: The <br /> project is being constructed/managed by the US Army Corps. The advanced <br /> mitigation agreement helped assure that the full opportunity to restore this <br /> area would occur. The Project includes a monitoring and management <br /> program that addresses vegetation, fish, wildlife, soils, hydrology, water <br /> quality, and benthic invertebrates. <br /> b. Slough Reconnection in Langus Park (Restoration Site 18 in Salmon Overlay) <br /> (1) Project Description: The site consists of a narrow complex of isolated <br /> freshwater wetlands and riparian scrub shrub vegetation. The proposed <br /> project would reconnect these wetlands to the river creating excellent lower <br /> river off-channel habitat. Lack of this habitat on the lower mainstena(af the <br /> Section 3 General Goals, Objectives, Policies and Regulations Page 3-53 <br />