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1 1 <br /> provide to the Corps and DSL documentation about the site prior to the mitigation work, and. <br /> • subsequent to completion of hydrologic and/or vegetative improvements, to demonstrate the <br /> increase in wetland values. Based on that documentation and a site visit, if requested, the <br /> Corps and DSL shall decide on the certification of mitigation bank credits for that site. • <br /> The second manner of establishing mitigation bank credits is for Eugene as part of <br /> a concurrent or advance mitigation -work within the context of a standazd permit process to <br /> create more credits than aze needed to compensate for the loss of wetlands authorized by the <br /> pernut. Prior to completion of the mitigation work, Eugene shall notify the Corps and DSL <br /> of Eugene's expectation that the mitigation work will create more credits than needed. If such <br /> notice is provided, and to the extent that the Corps and DSL certify excess credits, those <br /> excess credits shall be added to the Mitigation Banking Program's ledger for sale. <br /> Finally, mitigation bank credits. ,can be established ,through the following five step <br /> process. ,The process begins with project identification in the three-yeaz capital improvement <br /> plan ("CIP"). Eugene, in conjunction with its WET partners, :shall annually submit this CIP <br /> to the MBRT, either, as part of the annual report or sepazately. The CIP shall identify the- <br /> . individual mitigation bank site projects for each of the three succeeding years. For each <br /> project, the' CIP shall identify the project location, the type of mitigation to be undertaken, the <br /> number of acres, and the number of mitigation credits expected to result from the project. <br /> The second step of the process shall' involve the submission of the specific conceptual • <br /> plans for each of ,the upcoming year's. construction projects to .the MBRT for its review and • <br /> approval. This submission also may occur as part. of the 'annual report, or may occur <br /> separately. <br /> Step three consists of approval of the specific mitigation .improvement plans ("MIPs") <br /> for the individual bank sites; this step is discussed in more detail below. Step four consists of <br /> the Program carrying out the MIP (after receiving approval of the MIP). Finally, step' five <br /> provides that the Corps. and DSL shall review the work and certify the mitigation credits; credit <br /> certification, as well as performance .criteria and monitoring requirements, also aze discussed <br /> below. <br /> Review and Approval of MIPs' <br /> Specific mitigation improvement plans ("Mips") shall be submitted to, and approved <br /> by, the Corps and DSL. •The MIP is the planning stage where proposed improvement activities <br /> <br /> . are identified and mapped onto • specific site. improvement plans. The MIP is the primary <br /> planning tool for guiding and managing mitigation improvement activities for which mitigation <br /> credit is .desired. The MIP process provides a planning 'framework for identifying the <br /> mitigation site, formulating goals and objectives, identifying wetland plant communities and <br /> 'Approval of the MIP shad be required before any uncertified credits (based on the MIP) can be sold. If no <br /> uncertified credits will be sold (based on ~a particular individual mitigation bank site), the Program may, but is not <br /> Y . required to, seek prior review and approval of the MIP from the Corps and DSL. If only certified credits are to <br /> be sold as a result of a particular project, the Program may simply undertake the work and then seek certification <br /> of credits based on the work actually performed. <br /> Page 6 - MOA For West Eugene Wetlands Mitlgatioa Banking Program <br /> <br />