Mitigation bank definition

Mitigation bank means a site providing off-site, consolidated compensatory mitigation that is developed and approved in accordance with all applicable federal and state laws or regulations for the establishment, use and operation of mitigation banks, and is operating under a signed banking agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Mitigation bank means a system of accounting for wet- land loss and compensation that includes one or more sites where wetlands are restored, enhanced, created, or preserved to provide credits to be subsequently applied or purchased in order to com- pensate for adverse impacts to other wetlands.

Mitigation bank means a site where wetlands or similar habitats are restored, created, enhanced, or in exceptional circumstances, preserved, expressly for the purpose of providing compensatory mitigation in advance of authorized impacts to aquatic resources.

Examples of Mitigation bank in a sentence

Mitigation bank instruments, mitigation sites, and associated credits shall be subject to approval by the Chicago District, in consultation with the IRT.
Mitigation bank selection shall utilize a watershed approach that fully considers the ecological needs of the watershed.
Mitigation bank credits will be generated as streams are restored (re-established or rehabilitated), enhanced, or preserved on the bank site, resulting in an increase in stream functions.
Mitigation bank means a site where wetlands and/or other aquatic resources or natural habitats are restored, created, enhanced, or in exceptional circumstances, preserved, expressly for the purpose of providing compensatory mitigation in advance of authorized impacts to similar resources.
Developer may, at its option, offer to transfer to City Biological Mitigation bank credits in excess of those described immediately above (the “Additional Biological Mitigation”), which Additional Biological Mitigation would be used for Phases 2 and 3 of the ▇▇▇▇▇▇ Parkway Project.

More Definitions of Mitigation bank

Mitigation bank means a site, or suite of sites, where

Mitigation bank or "Bank" means a site created, restored, enhanced or preserved in accordance with ORS 196.600 to 196.655 to compensate for unavoidable adverse impacts to waters of this state due to activities which otherwise comply with the requirements of ORS 196.600 to 196.905.

Mitigation bank means a program to implement mitigation at a subwatershed or watershed scale and provide opportunities to provide larger, better habitat in advance of impacts. Mitigation banking involves the generation of “credits” through restoring, creating, and/or enhancing habitats. These credits can then be sold to permit applicants who need to offset the adverse impacts of projects that would occur within the “service area” of the bank. Wetland mitigation is regulated by Chapter 90.84 RCW. The U.S. Army Corps of Engineers and U.S. Environmental Protection Agency also offer guidance.

Mitigation bank or “bank” means a system of account- ing for wetland loss and compensation that includes one or more sites where wetlands are restored, enhanced or created to provide transferable credits to be subsequently applied to compensate for adverse impacts to other wetlands.

Mitigation bank means a site where wetlands or other aquatic resources are restored, created, enhanced, or preserved expressly for the purpose of providing compensatory mitigation in advance of authorized impacts to similar resources. “Aquatic resources” means wetlands, streams, lakes, rivers, springs, seeps, reservoirs, ponds, groundwater, riparian areas, and the fauna that reside within them. Aquatic resources may include permanent, seasonal, flowing, standing, natural, or man-made water bodies.

Mitigation bank means a site where wetlands or other aquatic resources are restored, created,

Mitigation bank means a property that has been protected in perpetuity and approved by appropriate county, state and federal agencies expressly for the purpose of providing compensatory mitigation in advance of authorized