Mitigation
Banking for Riparian Buffer and Nutrient Offset CreditsRJG&A
has prepared a newly-authorized (DWQ, 2007) nutrient offset credit
mitigation banking instrument. Municipalities
and counties in the Neuse and Tar-Pamlico river basins may be
particularly interested in
establishing riparian buffer and
nutrient offset credit mitigation banks to meet mitigation needs in
their areas.
Steps
- Site identification and selection
- Mitigation
banking instrument (MBI) and mitigation plan preparation
- Coordination with regulatory agencies
- Restoration
plan development and implementation
- Monitoring and
annual report production
- Market and sell credits
Advantages
- Generate local revenue
- Provide
local government and developers with ready access to mitigation to meet
state permitting requirements
- Improve water quality
by re-establishing riparian buffers
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