Agenda - Environmental Policy Board - 02/26/2018

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Where do the responsibilities lie? Tallgrass • Works with regulators (ACOE, DNR, USF&W and EPA) to get wetland bank designations • Constructs complex wetland habitats Sells credits to generate revenue for Tallgrass and Landowners Landowners • Provide unencumbered land for the wetland bank and a current survey • Receive revenue from credit sales PROPOSAL TO LANDOWNERS Deal Terms • Landowner agrees to put their land under conservation easement and allow wetland bank development • Tallgrass capital will be used to fund project management, construction, and long-term monitoring and maintenance • Tallgrass will return up to 20 percent of gross revenue from credit sales to landowner Beyond cash for credits • Wetland banking is a truly "green" investment • The land has potential for credit stacking —receiving credits for water quality improvement, stream restoration, carbon sequestration, etc. • The landowner retains ownership of a professionally restored natural habitat ABOUT TALLGRASS Tallgrass has the experience • Our first wetland bank was established in 2012 in Rock County, Wisconsin • Our current bank projects span Illinois, Wisconsin, Iowa, Indiana, Tennessee, and North Carolina • For nearly 2 decades, we have provided ecological restoration services to hundreds of public and private clients in the Midwest, bringing thousands of acres of wetlands, woodlands, and prairies back to life We are recognized in our field • More than a dozen of our properties have earned Conservation and Native Landscaping Awards from the US EPA and Chicago Wilderness • We also received accolades from the US Army Corps of Engineers, with exceptional ratings in quality, schedule, and safety, for our work on the Burnham Prairie Nature Preserve Restoration, a multi -million dollar project of the Great Lakes Fishery and Ecosystem Restoration program We have the know-how • Our affiliate Tallgrass companies cover all the bases, from project management to marketing to land acquisition, restoration, and maintenance • Our staff includes skilled ecologists, biologists, wetland delineators, GIS technicians, equipment operators, and investment specialists • We make the best use of multiple technologies to explore and understand the land We know the people • We work with government agencies, preservation organizations, and scientists to identify prime bank sites • We have experience working with regulators to efficiently move toward full approval DISCLAIMER: While Tallgrass strives to make the information on this document as timely and accurate as possible, Tallgrass makes no claims, promises, or guarantees about the accuracy, completeness, or adequacy of the contents, and expressly disclaims liability for errors and omissions in the contents. This document is for informational purposes only and is not a solicitation. All content is subject to copyright and may not be reproduced in any form without express written consent of Tallgrass.