Title
title
26-049, Award, State Forested Saltwater Credits for Placida Municipal Boat Ramp (Facilities)
end
recommendation
Budget & Admin Services
a) Approve award of the “Exempt” File #26-049, State Forested Saltwater Credits for Placida Municipal Boat Ramp to Little Pine Island Wetland Mitigation Bank, Placida, Florida for the total amount of $456,000; and
b) Authorize the Chairman to sign the agreement.
end
Budgeted Action:
No action needed. Budgeted in the Capital Improvement Project “Placida West Boat Ramp” as approved in the FY26 budget process. Funding is provided from the 2014 Sales Tax Extension.
Background:
body
This purchase of the State Forested Saltwater Credits for Little Pine Island Mitigation Bank, 1.20 at $380,000 per credit is to offset unavoidable impacts to wetlands caused by development. These credits allow developers or permit holders to comply with environmental regulations by compensating for the loss of wetland functions elsewhere through restoration, enhancement, or preservation efforts conducted at the mitigation bank site, located at the Placida Boat Ramp.
Therefore, it has been determined to be in the best interest of the County to award the “Exempt” File #26-049, State Forested Saltwater Credits for Placida Municipal Boat Ramp to Little Pine Island Wetland Mitigation Bank, Placida, Florida for the total amount of $456,000.
end