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tallgrass <br />LAND CONSERVATION <br />WETLAND BANKING WITH TALLGRASS LAND CONSERVATION <br />Milestones & Expectations for Bank Development <br />The final determination to develop a wetland bank is dependent upon a number of factors including site suitability, market <br />conditions, and regulatory agency approval. The bank approval process will take approximately two (2) years. <br />Construction, credit sales, maintenance, and bank closure will require an additional six (6) to eight (8) years. <br />YEAR 1: Due Diligence and Plan Conceptualization <br />Tallgrass Responsibilities: <br />• Investigate current and historic site conditions, land use, surface water and vegetation <br />• Determine soil types <br />• Analyze water availability and drainage <br />• Determine floodplain regulations <br />• Conduct a wetland delineation <br />• Analyze options for hydrologic alterations <br />• Consider regulatory issues <br />• Obtain estimates for construction costs <br />• Verify expected income and expenses from project <br />• Provide capital to fund project management and construction activities <br />• Conduct due diligence and manage the project in its entirety <br />• Draft the Prospectus and submit to regulators for review <br />Landowner Responsibilities: <br />• Place unencumbered land under conservation easement* <br />• Allow Tallgrass and regulators access to the property for purposes of site assessment, data collection and plan <br />development <br />• Provide copies of: <br />• parcel deed <br />• title insurance <br />• property boundary survey <br />*The addition of a conservation easement to a land parcel may, in some areas, require approval by the local zoning board. It is the <br />responsibility and requirement of the landowner to pursue all necessary steps in order to apply the conservation easement to the parcel; <br />including meetings with zoning boards and submission of required documents, forms and fees. Any existing liens, including a <br />mortgage, must be removed before a conservation easement can be executed. <br />3250 N. Arlington Heights Road, Suite 104, Arlington Heights, IL60004 (847) 342-8020 www.tallgrasslandconservation.com <br />