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Member Stewart asked for clarification on purchasing wetland somewhere else. <br />Economic Development Manager Sullivan replied that in the past if you filled a wetland there were <br />a few options in that you could create additional wetlands onsite, you could purchase wetland <br />credits, or purchase wetlands offsite. <br />Member Stewart asked where the new wetlands would be purchased and whether that would be <br />somewhere the City does not want to develop in the future. <br />Ilgo� <br />in the state. These wetlands are `certified and banked"dill I;�;e s in certain watersheds and areas <br />Kevin Kielb, Bolton & Menk, stated that people establish we <br />available for purchase to offset <br />uuuljl,1,, <br />bank to offset <br />other wetlands that are filled in. He noted that other pa II * " n purchase the credits from that <br />of wetland credits. He wetlandprovided somegeneral es a{I ijo 1 <br />p providedi t t the process for the creation <br />"�� teal de � n <br />s of the cos t°' twetland credits, noting that <br />price fluctuates depending on availability andl l raphic location. %,I"'',,, tated that thus far they <br />are researchingw,�IIIIIIIII <br />have delineated the wetlands in the COR an�lllllll'' y li�ie wetlands have been <br />ands sturbed, tw °ilIles would need to <br />movedpor created. He explained that if one acre o ����tl p <br />be replaced. He reviewed some of the additional dll u'u s th ui uld be within' IPIre ort that will <br />help to eliminate hidden costs. �����°Illllllh��llh11m11�� <br />4m;uwlll iiif iiiiiiiiiii 111111. <br />Chairperson Olson asked if the wetlan <br />Mr. Kielb replied that th, <br />was unsure of the e,aiuu <br />41111l���l illllulli„„ <br />unda <br />:§,,W,tiuld be loci lllllppp;,,, <br />would nc+I to be <br />Illiowoo ill11 <br />ut advist' <br />���IIIIIN,,,,,reason'le watershed, noting that he <br />vmpuou';III' <br />ult woul°" within the regional area. <br />planMember Johnson rec that e would <br />be l a er feature in The COR and asked if there is <br />a to have m wlg /ill rill ' i that area. <br />rye, etlan <br />I Illll�um���II <br />uVIVI ,IIIIIIIIIIIIIII uuu11I11 ,m; o!j!li <br />Econo,, ,lp uDevllllelllllo melllluna ��I�Illivan re lilt Illllthat the areas marked in red are anticipated to <br />be fille'°'ii� p able a p p <br />I ' reate more bi�� I ithin The COR. He stated that once they have the costs <br />known, they Would determi'e;';"I' ��that islllla 'cast the City would want to bear. He stated that the City <br />could then cht' ,�i'"°° whether thallu���uut is roll""� �iQ'into the land price or split between the City and future <br />�IIIIIIm� � ''� <br />development. ' ' ted that st Ilj elieves that there will be an economy of scale in using the dirt <br />from the excavate II alp I I' <br />' �,,;, e Ovate„ 'nt area to fill the desired areas. <br />Member Riley comm 4,I .this would seem to be follow up to the decision the EDA made in <br />illl�i <br />February. He stated that the''"vork has not been able to be done inhouse and therefore this action <br />would contract that work out. <br />comment <br />lilt' <br />Economic Development Manager Sullivan confirmed that to be true and noted that the intention <br />was to keep the EDA informed in the process. He recognized that there may be more cost than <br />originally anticipated due to wetland replacement and that will be flushed out through this study. <br />Economic Development Authority/ October 13, 2022 <br />Page 2 of 3 <br />