INITIAL PLANNING AND PROSPECTUS DEVELOPMENT Sample Clauses
INITIAL PLANNING AND PROSPECTUS DEVELOPMENT. The individual or entity proposing to sponsor the establishment of a wetland mitigation bank may choose to hold informal discussions with the MBRT. These discussions would serve to acquaint the sponsor with the legal, regulatory, and ecological background relevant to wetland mitigation banking and ot provide procedural guidance. The prospective sponsor will be informed that a formal request, in the form of a prospectus, for the establishment of a wetland mitigation bank must be made to the lead federal agency. The prospectus must also include the DA permit application and state permit applications, if required. The purpose of the prospectus is to provide sufficient information to determine whether the general considerations and site evaluation criteria of the ICA are met. The prospectus will become the basis for the wetland mitigation bank instrument and must contain the following:
1) Bank location and size;
2) Title Search and legal description of the property;
3) A copy of all easements recorded on the wetland mitigation bank site;
4) A delineation of any waters of the State and waters of the United States including any wetlands that may exist within the proposed wetland mitigation bank site;
5) Type of wetland mitigation bank (i.e., whether single client, general use, market oriented, etc.);
6) Method of credit generation; (i.e., restoration, creation, enhancement or preservation);
7) Proposed credit release schedule;
8) Proposed performance standards;
9) Rationale for the types of wetlands chosen for development;
10) A statement concerning the wetland restoration viability at the proposed location; this must include a description of the surrounding land use and a review of local zoning, development, and transportation plans;
11) A general site plan showing the location of all existing and proposed wetlands (by wetland type), open water areas, waterways, inlets, outlets, upland habitats, roads, trails, structures, utilities, and any other existing and proposed site improvements (including future uses of the site);
12) A preliminary construction plan and schedule of completion. This shall include preliminary administrative, management, monitoring and financial plans. The sponsor's financial plan must demonstrate that the long-term management trust will guarantee the wetland mitigation bank’s maintenance in perpetuity whether through continual ownership or by conveyance to a public or private agency that will assume the responsibility of the wetland mitig...