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LRRWMO Meeting Minutes February 16, 1995 Page 5 Ferguson noted this process maybe difficult to control since the LRRWMO would not have title to the land. Jankowski concurred and asked whether an easement could be purchased. Schultz pointed out that Johanson could file a deed which records the restriction in the form of an easement. Then the area would be designated as a wetland area which is restricted and could be sold as a marketable commodity. He commented that the LRRWMO would not need to get involved with purchasing/banking/selling. Jankowski commented that if the property owner is not interested in banking the property because of the administrative requirements involved under the WCA, the LGU could pay for the easement over the property and become the banker. Schultz questioned why the LRRWMO would be interested in getting involved. Jankowski asserted it could help facilitate development within the LRRWMO district. Schultz supported having the developer do this himself. Jankowski stated he also prefers the LRRWMO not become involved, but being able to provide banked wetland would be a valuable service and there is no other entity stepping forward to do it. He added that having banked wetland available will facilitate some projects which otherwise would be prohibited. Schultz noted that the DNR is already keeping track of banked wetland that would._be available. He pointed out that any extra work done by the LRRWMO results in the need for additional funding to monitor or administrate the banked wetland. He does not believe it is the responsibility of the LRRWMO to buy those credits, but rather that the LRRWMO could turn interested individuals in the right direction. Ferguson concurred with Schultz and indicated he does not feel the LRRWMO should become more involved than to encourage property owners to bank eligible wetlands and then acting as a resource to point people in the direction of those who have banking available. Haas commented on how the Technical Evaluation Panel would also address the banking program. Jankowski stated he feels there is a need for an organization that specializes in wetland banking. He stated someone needs to address this issue and not let these opportunities "slip through our fingers". He commented he does not think the LRRWMO can expect the land owners to handle it because they may only have a small piece of wetland eligible for banking and might not be able to make any money after paying associated costs. Ferguson noted that if the property owner cannot make any profit, neither can the LRRWMO. Jankowski asserted that dealing in volume of banked wetland may result in a