City of Blaine Anoka County, Minnesota - File #: RES 19-138

• File #: RES 19-138
• Version: 1
• Name: Sale of Wetland Credits - City of Dayton
• Type: Resolution
• Status: Passed
• File created: 9/4/2019
• In control: City Council
• On agenda: 9/4/2019
• Final action: 9/4/2019
• Title: SALE OF WETLAND CREDITS TO CITY OF DAYTON
• Sponsors: Dan Schluender

Date	Ver.	Action By	Action	Result
9/4/2019	1	City Council	Adopted	Pass

ADMINISTRATION- Dan Schluender - City Engineer

Title

SALE OF WETLAND CREDITS TO CITY OF DAYTON

Background

The city of Dayton is planning to construct a new roadway (Dayton Parkway) and an interchange on Interstate Highway 94 from Brockton Lane east across Interstate Highway 94 to 113^th Avenue North.  This project will have wetland impacts that will need to be mitigated requiring the need to purchase credits from a wetland bank. The city of Dayton has approached the City inquiring about available credits from the City’s wetland bank.

The city of Dayton is interested in purchasing 1.221 acres of wetland credits from the city’s wetland bank at a price of $2.50 per square foot.  This would equate to a total purchase price of $132,967.50.   

The City’s wetland bank currently has about 11 acres of credits available with an additional 12 acres slated to be approved in the next few months.

Attachments

Purchase Agreement

Recommendation

It is recommended that the City adopt the Resolution approving the sale of 1.221 acres of wetland credits to the city of Dayton at a rate of $2.50 per square foot for a total purchase price of $132,967.50. 

Body

BE IT RESOLVED by the Blaine City Council (the “Council”), as follows:

WHEREAS, it is one of the goals and purposes of the Council to sell credits to generate revenue to offset costs to maintain the city’s open spaces and trails; and

WHEREAS, city of Dayton proposes to impact wetlands through construction of a new roadway (Dayton Parkway) and an interchange on Interstate Highway 94 from Brockton Lane east across Interstate Highway 94 to 113^th Avenue North; and

WHEREAS, city of Dayton has identified the need to acquire 1.221 acres of wetland credits and has indicated an interest in purchasing the City wetland credits that are necessary for their project.

NOW, THEREFORE, BE IT RESOLVED, by the Blaine City Council, City of Blaine, Minnesota, that the Mayor and City Manager are hereby authorized to execute any and all agreements and documents required for the sale and transfer of 1.221 acres of City wetland credits to the City of Dayton at a cost of $2.50 per square foot.

PASSED by the Blaine City Council this 4^th day of September, 2019.