Expiration date: 6/14/2025
The proposed mitigation bank project is in BSA 7, which has approximately 23 counties located wholly or partially within its boundaries. The sponsor states that there are currently 36 approved mitigation banks within BSA 7. Twenty-six have federal and state credits available and ten (four are agricultural banks) have State-only credits available. Sixteen of the 26 banks with federal and state credits have less than two credits available. Population centers such as St. Cloud, Hutchinson, Monticello, Rogers, Albertville-St. Michael, and a portion of the Twin Cities metro area are included in BSA 7. These areas are rapidly developing, and future wetland impacts are anticipated which could require compensatory mitigation indicating a future need for bank credits.