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credit given for mitigation banking using the ratios described in subsection C.5 of this <br />section as a guide. The amount of credit will be dependent upon the functions of the <br />wetland being altered and the wetland being used for mitigation banking. The city, <br />using the review process described in EMC Title 15, Local Project Review <br />Procedures, may allow wetland mitigation banking under the following <br />circumstances: <br />i. When alteration is allowed pursuant to the "reasonable use" exception as provided <br />in Section 37.050.13 of this chapter; <br />ii. When alteration is allowed for a water -dependent or water -related use; <br />iii. When on-site or off-site mitigation in the immediate vicinity of the project is not <br />reasonable; <br />iv. When the wetland being altered is of a lower quality and has lesser functions than <br />the wetland which is being used for the mitigation banking. <br />b. Wetland mitigation banks may be approved under the provisions of Chapter 173-700 <br />WAC (currently a draft). For any wetland mitigation bank certified under Chapter <br />173-700 WAC, credits from a wetland bank may be approved for use as <br />compensation for unavoidable impacts to wetlands when: <br />i. The director determines that the wetland mitigation bank provides appropriate <br />compensation for the authorized impacts. <br />ii. The proposed use of credits is consistent with the terms and conditions of the <br />bank's certification. <br />iii. Replacement ratios for projects using bank credits shall be consistent with the <br />terms and conditions of the bank's certification. <br />iv. Credits from a certified wetland mitigation bank may be used to compensate for <br />impacts located within the service area specified in the bank's certification. In <br />some cases, bank service areas may include portions of more than one adjacent <br />drainage basin for specific wetland functions. <br />is hereby amended to read as follows: <br />Avoiding Wetland Impacts. <br />5. Wetland Compensation Ratios. In approving alteration or relocation of a wetland, the city <br />shall require that an area larger than the altered portion of the wetland be provided as <br />compensation for destruction of the functions of the altered wetland and to ensure that <br />such functions are replaced. The ratios in this section apply to creation, restoration, and <br />enhancement which is in-kind (within the same hydrogeomorphic (HGM) class), on or <br />adjacent to the site, timed prior to or concurrent with alteration, and has a high <br />probability of success. The city may accept or recommend compensation which is off-site <br />and/or out -of -kind, if the applicant can demonstrate that on-site compensation is <br />infeasible due to constraints such as parcel size or wetland type or that a wetland of a <br />different type or location is justified based on regional needs or functions. When <br />mitigating allowed impacts to wetlands, the standard ratios in Table 37.2 shall be used, <br />except as otherwise provided below in this subsection. <br />16 <br />