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Agreement to Purchase Wetland Mitigation Credits from the <br /> Coyote Prairie North Wetland Mitigation Bank <br /> City of Eugene Contract 2020-05411 <br /> BETWEEN: The City of Eugene, an Oregon Municipal Corporation (City) <br /> AND: Bente Kongsore (Buyer) <br /> DATED: March 25, 2020 <br /> RECITALS <br /> A. City has established a Mitigation Bank Instrument dated June 22, 2011 in agreement with <br /> the U.S.Army Corps of Engineers(USACE)and Oregon Department of Lands (DSL),which <br /> describes the establishment, use, operation, maintenance, and long-term management of <br /> the Coyote Prairie North Wetland Mitigation Bank. <br /> B. It has been mutually agreed between USACE, DSL,and the City that compensatory wetland <br /> mitigation requirements for impacts located at 30709 Camas Swale Road in Creswell, <br /> Oregon can be satisfied through the purchase of mitigation credits from the Coyote Prairie <br /> North Wetland Mitigation Bank. <br /> C. Under DSL Enforcement File No. 8034 associated with the violation at this location l3uyer is <br /> responsible for securing 1.32 wetland mitigation credits. <br /> D. Buyer desires to purchase 1.32 wetland mitigation credits from the City's Coyote Prairie <br /> North Wetland Mitigation Bank as compensatory mitigation. <br /> E. City is currently charging$62,540.00 per mitigation credit,to recover City's cost of <br /> developing and maintaining mitigation wetlands. <br /> AGREEMENT <br /> 1. This Agreement to Purchase Wetland Mitigation Credits shall begin on the date of <br /> execution by all parties and shall remain in effect for a term of 30 days. <br /> 2. Buyer agrees to provide funds to the City in the total amount of$82,552.80 within the 30- <br /> day term of this agreement for the purchase of 1.32 mitigation credits to: <br /> City of Eugene, 1820 Roosevelt Boulevard, Eugene, OR 97402 <br /> Attn:Wetland Mitigation Bank. <br /> 3. Buyer bears all risk and responsibility associated with delays related to permitting, <br />