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13 <br /> Exhibit 1 <br /> (4) Habitat Function Benchmark Gain: The expansion is projected to result in <br /> approximately 248 IVA-acre-points of functional area for Chinook salmon <br /> and 215 for bull trout. Mitigation at the 12th St. Marina site almost makes up <br /> for the IVA - acre losses at that site. However, the Salmon Overlay requires a <br /> minimum of 1 acre of mitigation area for each acre of littoral habitat area lost <br /> in the tidal range from -10 feet MLLW to ordinary high water, regardless of <br /> whether the loss results from filling to uplands or dredging to create deeper <br /> water, as proposed at the 12th St. Marina (SMP Regulation 35.A.3. on page 3- <br /> 35 of the SMP). The overall mitigation ratios for ecological functions, <br /> therefore, will be 11.1 and 10 for Chinook and bull trout, respectively. <br /> (5) Mechanisms to insure implementation and to measure effectiveness: A <br /> monitoring and contingency plan has been prepared. Performance guarantees <br /> are required per the SMP. In addition, the project must comply with federal <br /> and state agency requirements. <br /> d. Dredge Material Removal on Ferry Baker Island (Salmon Overlay Restoration Site <br /> 9) <br /> (1) Project Description: Ferry Baker Island is currently owned by the Port of <br /> Everett; however, the Port currently has no plans for the property. The <br /> Salmon Overlay estimated that approximately 6 acres of intertidal area could <br /> be created by removing dredged material/fill that was previously placed on the <br /> site. The fill may include wood waste. <br /> (2) Schedule: This restoration is not currently planned by the Port of Everett. <br /> The Port may be willing to sell or donate the property to developers for a <br /> mitigation site or to other parties who may have funding for restoration. <br /> (3) Costs/Funding Sources: The cost of removal is uncertain, but could be high. <br /> Funding has not been identified for restoration. <br /> Prospective Funding Sources: Grants and development mitigation are <br /> possibilities for funding sources. The ability to implement this project and the <br /> actual timing of any restoration is contingent on securing funding for this <br /> restoration and/or mitigation. <br /> (4) Habitat Function Benchmark Gain: Approximately 714 IVA acre-points <br /> could be gained from removal of the fill on the site. <br /> (5) Mechanisms to insure implementation and to measure effectiveness: If the <br /> project is constructed it will include a monitoring and management program <br /> similar to that described for the Sewer Lagoon Dike breach. <br /> 126 <br /> Section 3 General Goals, Objectives, Policies and Regulations Page 3-56 <br />