Biodiversity Offsetting Contribution definition

Biodiversity Offsetting Contribution. Means the estimated sum of One Million Two Hundred Thousand (£1,200,000) exclusive of VAT (if applicable) Index Linked or the sum of One Million Three Hundred and Seventy Thousand Pounds (£1,375,000) exclusive VAT (if applicable) Index Linked as determined by the Secretary of State or Inspector pursuant to his/her determination of the Appeal to be paid to the Council or Nominee by the Owners to be used toward the creation of new habitats to offset the loss of habitats on site in accordance with the Biodiversity Offsetting Scheme “Biodiversity Offsetting Scheme” Means a scheme to be approved by the Council which will deliver biodiversity enhancements which shall not be less than 113.28 Biodiversity Units and which shall include the following details: 1. Whether the Biodiversity Offsetting Contribution is proposed to be paid to the Council or to its Nominee and details of the Nominee in the event it is proposed to be paid to the Nominee which FOR THE AVOIDANCE OF DOUBT will be at the Council’s discretion 2. The Onsite Biodiversity Compensation including its score in Biodiversity Units 3. The identity of an appropriate receptor site at which the Biodiversity Offsetting Contribution is to be expended 4. Details of the provision of contractual terms to secure the delivery of the offsetting measures “Biodiversity Units” “Onsite Biodiversity Compensation” Means the measure that represents the biodiversity impact of the scheme using the Defra Biodiversity Metric 2.0 Means the onsite biodiversity enhancement and compensation that shall equate to the provision of habitats with a score of at least 134.29 Biodiversity Units in accordance with the Biodiversity Offsetting Scheme “Nominee” Means the Environment Bank or other body approved by the Council who is capable of delivering the Biodiversity Offsetting Scheme
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Biodiversity Offsetting Contribution. Means either the sum of One Million Six Hundred and Eighty Thousand Pounds (£1,680,000) exclusive of VAT (if applicable) Index Linked or the sum of One Million Eight Hundred and Eighty Five Pounds (£1,885,000) exclusive VAT (if applicable) Index Linked as determined by the Secretary of State or Inspector pursuant to his/her determination of the Appeal to be paid to the Council or Nominee by the Owners to be used toward the creation of new habitats to offset the loss of habitats on site in accordance with the Biodiversity Offsetting Scheme “Biodiversity Offsetting Scheme” Means a scheme to be approved by the Council which will deliver biodiversity enhancements which shall not be less than 166.07 Biodiversity Units and which shall include the following details: Whether the Biodiversity Offsetting Contribution is proposed to be paid to the Council or to its Nominee and details of the Nominee in the event it is proposed to be paid to the Nominee which FOR THE AVOIDANCE OF DOUBT will be at the Council’s discretion The Onsite Biodiversity Compensation including its score in Biodiversity Units The identity of an appropriate receptor site at which the Biodiversity Offsetting Contribution is to be expended Details of the provision of contractual terms to secure the delivery of the offsetting measures
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Biodiversity Offsetting Contribution means the sum (exclusive of VAT if applicable) to be calculated in accordance with the formula set out at Schedule 8 of this Deed and agreed by the Borough Council and District Council as part of the Biodiversity Offsetting Scheme approved pursuant to this Deed to offset the loss of habitats on the Site in the event that the Biodiversity Post-Development Site Value is less than the Biodiversity Pre- Development Site Value and to be used by the Borough Council and District Council or Nominees towards the creation of new habitats in accordance with the Biodiversity Offsetting Scheme.
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Examples of Biodiversity Offsetting Contribution in a sentence

  • As detailed in section 2.4.5, until the point that Statutory Credits are available from Government, in cases where BNG delivery cannot be secured onsite, nearby or within the wider Doncaster area, then as a last resort, a Biodiversity Offsetting Contribution will be accepted by the Council.

  • For instance, the CO2 exhaled by living things is taken up by photosynthetic plants, thereby maintaining theatmospheric CO2 at its natural level.

  • The s106 states that any net loss of habitat will be offset through the payment of the Biodiversity Offsetting Contribution equivalent to the scale of the net loss and the contribution will be used by the Council for the creation and management of habitat in accordance with published biodiversity offsetting guidance.

  • The first relates to the Biodiversity Offsetting Contribution to be made by the Appellant.

  • In other words, if so relied on, the Green Space Contribution would have the effect of reducing what else needs to be provided by way of the Biodiversity Offsetting Contribution, with the end result that there is still no net gain.


More Definitions of Biodiversity Offsetting Contribution

Biodiversity Offsetting Contribution means the sum (exclusive of VAT) to be calculated (if applicable) in accordance with the formula set out at paragraph 2.1 of Schedule 4 of this Deed and agreed by the Council as part of the Biodiversity Offsetting Scheme approved pursuant to this Deed to offset the loss of habitats on the Site and to provide a biodiversity net gain of 10% in relation to the Development (combined with and Biodiversity Onsite Compensation); to be used by the Council or its Nominees (as approved by the Council) as part of the Biodiversity Offsite Compensation Scheme towards the creation of new habitats in accordance with the Biodiversity Offsetting Scheme Biodiversity Offsetting Scheme means a scheme to be approved by the Council to achieve a 10% biodiversity net gain in relation to the Development using on-site and off-site mitigation measures, comprising:
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Related to Biodiversity Offsetting Contribution

  • Qualifying contribution means, with respect to a

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula:

  • Accumulated contributions means the sum of all

  • Nonelective Contribution means an amount contributed by a participating

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • In-kind contribution means a contribution of goods or services received by a candidate committee, joint candidates committee, political committee, continuing political committee, political party committee, or legislative leadership committee, which contribution is paid for by a person or entity other than the recipient committee, but does not include services provided without compensation by an individual volunteering a part of or all of his or her time on behalf of a candidate or committee.

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • State contribution means the lesser of:

  • Campaign Contribution means a gift, subscription, loan, advance or deposit of money or other thing of value, including the estimated value of an in-kind contribution, that is made to or received by an applicable public official or any person authorized to raise, collect or expend contributions on that official’s behalf for the purpose of electing the official to either statewide or local office. “Campaign Contribution” includes the payment of a debt incurred in an election campaign, but does not include the value of services provided without compensation or unreimbursed travel or other personal expenses of individuals who volunteer a portion or all of their time on behalf of a candidate or political committee, nor does it include the administrative or solicitation expenses of a political committee that are paid by an organization that sponsors the committee.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.