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The Southeast Alaska Mitigation Fund

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An introduction to the Southeast Alaska Mitigation Fund

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The Southeast Alaska Mitigation Fund

  1. 1. What is the Southeast Alaska Mitigation Fund? An In-Lieu Fee Program Of Course!
  2. 2. Clean Water Act (Compensation for impacts to waters of the U.S.) • What is a water of the U.S.  Wetlands  Rivers and Streams  Tidal • Impacts regulated by the USACE  Generally over a tenth of acre requires mitigation
  3. 3. Mitigation If you impact a water of the U.S. you have to make up for that (In relation to the Clean Water Act) Fill a 1 Acre Wetland (Debits) Restore, Enhance, Create, Preserve (Credits)
  4. 4. Three Mitigation Methods • Mitigation Bank • In-Lieu Fee • Permitee Responsible (can be difficult) – USACE approved mitigation plan (12 required components) – Maintain in perpetuity (forever) USACE 12 Fundamental Components: objectives; site selection criteria; site protection instruments (e.g., conservation easements); baseline information (for impact and compensation sites); credit determination methodology; a mitigation work plan; a maintenance plan; ecological performance standards; monitoring requirements; a long- term management plan; an adaptive management plan; and financial assurances
  5. 5. What is the Southeast Alaska Mitigation Fund? An In-Lieu Fee Program Based on Restoration
  6. 6. Southeast Alaska Mitigation Fund (SAMF) March 21, 2012: Draft Prospectus May 29, 2012; COE Approves Draft Prospectus Sept 10, 2102: Prospectus Feb 23, 2013: COE requests additional content March 21, 2013: Meeting with COE and USFWS April 10, 2013: Revised Prospectus June 21, 2013: COE approves Prospectus Sept. 2013: Final Instrument Submitted Aug. 2014: Final Instrument Submitted Nov. 2014: COE IRT review Dec. 23, 2014: Additional changes requested Feb. 2014: Meeting with IRT (Anchorage) March 2015: Final Instrument resubmitted
  7. 7. Why? • Community Desire to keep mitigation funds in their community • No active restoration ILF program in Southeast Alaska • Provide developers the opportunity for quality restoration mitigation
  8. 8. SAMF Freshwater and Marine Credits • Keep mitigation $$$ in community • Help reduce development costs • Protect valued community resources • THE CATCH! can’t impact mitigation sites
  9. 9. Pat Creek
  10. 10. West Fork Assessment (160 meter reach)
  11. 11. Project Name Assessment Area Name Assessment Area: acreage: 2.47 stream channel length (ft.): 500 average channel width (ft.): 15 total buffer width excluding channel (ft.): 200 rating FPU rating FPU rating FPU Bank Height Ratio 1 3.00 7.40 3.00 7.40 0.00 0.00 0.0% Entrenchment Ratio 1 4.00 9.86 4.00 9.86 0.00 0.00 0.0% Percent Pool 1 4.00 9.86 4.00 9.86 0.00 0.00 0.0% Pool Max Depth Ratio 1 2.00 4.93 3.00 7.40 1.00 2.47 50.0% Width to Depth Ratio 1 2.00 4.93 4.00 9.86 2.00 4.93 100.0% Bank Erosion Hazard Index 1 3.00 7.40 3.00 7.40 0.00 0.00 0.0% Large Woody Debris (LWD) Density 1 6.00 14.79 6.00 14.79 0.00 0.00 0.0% Key LWD Pieces Density 1.5 2.00 4.93 6.00 14.79 4.00 9.86 200.0% Riparian Index 1 3.00 7.40 3.00 7.40 0.00 0.00 0.0% Fish Species Diversity 1 4.00 9.86 5.00 12.33 1.00 2.47 25.0% Public use & recognition 1 5.00 12.33 5.00 12.33 0.00 0.00 0.0% Subsistence & provisioning 1 3.00 7.40 3.00 7.40 0.00 0.00 0.0% 41.00 101.09 49.00 120.81 8.00 19.72 3.42 8.42 4.08 10.07 0.67 1.64 Longitude 6-digit HUC # Name(s) of Evaluator(s) Date Stream Assessment DateLatitude Southeast Alaska Watershed Coalition USACE Project # POA- Metrics Weight (1x-1.5x) Existing Projected Net Gain % Gain FPU total score average score Freshwater-Stream Credit Pat Creek
  12. 12. rating FPU rating* FPU rating FPU Floodplain Connectivity 3.50 8.63 3.50 8.63 0.00 0.00 0.0% Bed Form Diversity 3.00 7.40 3.50 8.63 0.50 1.23 16.7% Incision/Erosivity 2.50 6.16 3.50 8.63 1.00 2.47 40.0% Large Woody Debris 4.00 9.86 7.50 18.49 3.50 8.63 87.5% Biotic Integrity 3.50 8.63 4.00 9.86 0.50 1.23 14.3% Societal Value 4.00 5.48 4.00 5.48 0.00 0.00 0.0% Sum of avgs 20.50 46.16 26.00 59.72 5.50 13.56 29.4% 8.31 10.75 2.44 29.4% Parameters Weighted avg of avg FPU Credit Calculation-Stream Method Existing Projected Net gain % Gain FPU * The rating is equal to the average of the grouped parameters including any adjustment for Weighting of priority metrics.
  13. 13. Final Credit Calculation ($130,000 to $150,000)
  14. 14. Final Credit Calculation

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