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i LRRWMO Meeting Minutes February 16, 1995 Page 6 profit. Ferguson advised that Coon Rapids acts as their own LGU and is doing nothing with wetland banking. Weaver commented on the need to better understand the complexities of wetland banking including the need for authority to transfer wetland banking status. Schultz agreed and noted that an attorney would probably be needed to draw up deeds, and the attorney may advise their clients not to enter into this type of property restriction because it may come back to "haunt" them in the future. Jankowski reported that Ramsey has a small area that could be converted into banking credits and he does not want someone to be able to buy those away because the City may have need for them for a drainage project. It was noted that Ramsey could, perhaps, purchase and bank those credits themselves. Consensus was reached to support Haas' suggestion to invite a BWSR staff person to the next meeting to explain and discuss wetland banking issues. REPORT OF OFFICERS Third Ouarter 1994 Reports -Coon Rapids Coon Rapids' report not available; placed on March 16, 1995 agenda. Fourth Quarter 1994 Reports -Andover, Coon Rapids & Ramsey Haas presented the Fourth Quarter 1994 Report for Andover. In response to Weaver's question, Haas reported that Kob's First Addition will be in compliance by June of 1995. Motion was made by Ferguson, seconded by Weaver, to accept the Fourth Quarter 1994 Report from Andover, as submitted. Vote: 4 ayes, 0 nays. Motion carried. Coon Rapids and Ramsey reports not available; placed on March 16, 1995 agenda. OLD BUSINESS Newsletter Article -Coon Rapids Ferguson distributed a newsletter article entitled The Storm Water Permit Program. He noted that it is somewhat lengthy (two pages) and cities may want to edit it for their local newsletter.