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FOR DISCUSSION PURPOSES ONLY <br />Volume Banking <br />The Lower Rum River Watershed Management Organization (LRRWMO) has established and will <br />maintain a bank of available runoff retention Volume Credits. <br />• Volume reduction or runoff retention achieved onsite in excess of the requirement of <br />Appendix E Storm Water Standards, in the Third Generation Watershed Management Plan <br />dated October, 2011 of the LRRWMO (WMP 2011) may be credited into the LRRWMO's <br />bank for use on other projects within the LRRWMO that are unable to fully meet this <br />requirement on parcel. <br />• Volume Credits may be utilized by permit applicants to meet the requirement of Appendix E <br />in the WMP 2011 only after the applicant has demonstrated to the LRRWMO that: <br />a. One-half inch of runoff from all impervious surface of the parcel will be retained on <br />the parcel; and <br />b. Soil conditions and/or other site constraints prevent retention of additional runoff <br />onsite. <br />• The LRRWMO will maintain an inventory of all qualified Volume Credits accumulated and <br />sold. Permit applicants are responsible for contacting a seller of Volume Credits and <br />arranging the sale on terms established by the interested parties. The LRRWMO will certify <br />the sale through a form established by the LRRWMO and completed by the buyer and seller <br />of the Volume Credits. Funds contributed to the Stormwater Facilities Fund from a <br />municipality shall be spent within that municipality's jurisdiction to the extent possible. <br />P:\Mpls123 MN\02\2302047\WorkFiles\Pertnit Checklist\Volume Banking,docx 1 <br />