Mitigation banking is the restoration, creation, enhancement, or preservation of a stream, wetland, habitat, or other natural resources to establish credits used to offset or mitigate for the adverse impacts caused by a nearby project.
The goal of mitigation banking is to replace or increase the amount or value the specific resource or habitat impacted. Mitigation banks are protected by a perpetual conservation easement, with an endowment or method to fund their maintenance. Mitigation banks provide many advantages over on-site and small parcel mitigation. By combining necessary services to create, maintain, and monitor mitigation, banks are able to provide superior biological services at a lower cost.
Due to the depth of our knowledgeable staff, we often assist mitigation banking firms with specific aspects of the mitigation banking process. Our team of experts can provide habitat assessments, focused species surveys, wetland delineations, cultural resources services and analysis related to hydrology and geomorphology to support the allocation of credits for mitigation or conservation banks. Additionally, our habitat restoration specialists can prepare planting and construction plans needed to create or restore habitat to bring additional value to your project.
TerraWest Consulting is an industry leader in the mitigation and conservation banking approval process. From preparing feasibility analyses to extensive Bank Enabling Instruments, the TerraWest Consulting team have entitled banks from the initial assessment of the property to coordinating credit sales on behalf of the bank owner/sponsor.
Whether you are a mitigation banking firm looking for a specific service or a landowner thinking about entering the mitigation banking market, TerraWest Consulting can assist you.
Our Services:
? Conduct market analysis for proposed credit types
? Conduct baseline species and cultural resource surveys
? Develop conceptual Bank Development Plan
? Develop Bank Prospectus and Bank Enabling Instruments
? Conduct negotiation with agencies
? Market, sell and maintain Credit transactions and ledgers
Contact us to discuss your custom mitigation project