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LRP.WMO Meeting Minutes October 15, 1992 Page 5 Jankowski informed the board that this is an after- the -fact situation. The majority of this was corn field. Ottensman stated if it has already been done, then he does not feel the same way. If the developer comes up with 50,000 square feet, this $5,000 letter of credit ensuring performance is wholly inadequate. -e queried where would the impetus be for him to replace it. Schrantz stated the developer can not replace the wetland with wetland; he has to have highland. Schultz concurred wit__ Ottens ^man's position, stated there would be nothing stopping the developer from walking away and doing nothing. Ottensman felt there will be probably $20- $50,000 involved in just replacement costs. Schrantz estimated the cost to be about $20,000. weaver queried whether there are adjoining properties avail- able on which this replacement could occur. Schrantz stated the developer could replace the wetland anywhere in the watershed. Jankowski stated he envisioned what the developer would do would be to attempt to find someone who wanted to dig ponds and work with them. Jankowski indicated he also agrees with the position of Ottensman and Schultz that if the developer has to buy land and excavate it, the $5,000 letter of credit might not be adequate. Ottensman added $25,000 would be a more accurate starting figure. Jankowski reported the developer is asking that he be allowed until June 15 rather than June 1, 1993, in which to complete the mitigation. The board concurred with this request. DIOtion was made by Ottensman, seconded. by Tleaver, to APPROVE THE REPLACE`: =s`^_ AGREEMENT FOR THE SUNNY PONDS WETLAND REPLACEMENT PLA11 AS AMENDED 'i1ITH THE CHANGES DISCUSSED DURING THIS MEETING. The Administrative Secretary was directed to retain this proposed copy of the replacement agreement on file until a final draft of the amended agreement can be provided. meadows of Round Lake, Andover - "92 -6100 Schrantz indicated, as per the September 25, 1992, letter to Schrantz from Kent Lokkesmoe, DNR, Andover's request for a DNR permit has been denied. The City of Andover has responded by demanding a hearing. OLD BUSI'1\=S Water Quality Records /Maintenance - Jankowski Not available.