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Utah Lake Authority outlines three paths for mitigation credits: buy land, partner or seek legislative program
Summary
Staff presented three options for securing required wetland mitigation credits — creating a mitigation bank, partnering with conservation nonprofits, or pursuing a legislative/fee-in-lieu program — and asked the board for strategic direction rather than an immediate commitment.
At its April 3 meeting, the Utah Lake Authority devoted a detailed work-session segment to how the Authority could obtain mitigation credits required for projects that impact wetlands.
Executive Director Luke Peterson and staff laid out three broad options. First, the Authority could develop a mitigation bank: acquire land, restore or create wetlands to Army Corps of Engineers standards and bank mitigation credits for future projects. Peterson and staff warned that a bank requires significant technical capacity (land acquisition, water-rights expertise, long-term restoration)…
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