Wetland Mitigation Bank
The City of Eugene’s Parks and Open Space Division has undertaken a landscape-scale project to restore exceptionally high-quality wetland habitat to create the Coyote Prairie North Wetland Mitigation Bank. This ambitious project to enhance wet prairie, vernal pool, and emergent wetlands continues after more than twenty years of research, knowledge, and experiences gained from implementation of the nationally acclaimed West Eugene Wetlands Mitigation Bank, the first wetland mitigation bank in the state.
Service Area for the Mitigation Bank
The service area for the Coyote Prairie North Wetland Mitigation Bank outlines the area within which the Bank is permitted to sell credits to potential developers seeking compensatory mitigation for Palustrine Emergent wetlands. The Bank’s service area includes a large geographic region in the southern Willamette Valley, extending from just north of Cottage Grove to west of Salem and includes the communities of Eugene, Springfield, Goshen, Veneta, Junction City, Harrisburg, Monroe, Halsey, Coburg, Lowell, Creswell, west Lebanon, Brownsville, Corvallis, Albany, Millersburg, Falls City, and others. Please visit this link for our Mitigation Bank Service Area Map to see if your project lies within our service area.
The current price per mitigation credit is $57,450.00, and this price is adjusted annually. Bulk purchase discounts may be available for purchases of 10 credits or more, and purchases of 10 credits or more may be reserved in advance with a deposit of 10% to ensure availability and price. Please inquire about bulk discounts and options for financing if interested.
Credits available from the Bank as of June 16, 2016
|Description||Credits available for purchase|
|Credits in bank ledger||16.158|
|Credits reserved for approved projects||0.00|
|Credits available for new bank customers||16.158|
How to Purchase Mitigation Credits
Bank customers can pay for credits within thirty days of providing a completed Purchase Agreement.
Specific information related to your project and associated wetland impacts is required for City staff to draft a Purchase Agreement. Please complete this form to provide information regarding your project to City staff.
Guidance on Replacement Ratios
The regulating agencies will work with you to determine replacement ratios for your project. However, if your project is within the boundary of the West Eugene Wetlands Plan, the replacement ratios are described in section 4.17 of the plan. For more information on the default ratios and possible ratio reductions for projects within the West Eugene Wetland plan boundary, please refer to the Habitat Quality Assessment (HQA) documents below.
What are the Benefits of a Wetland Mitigation Bank?
The Coyote Prairie North Mitigation Bank restores or enhances wetland habitats and sells credits to permittees as compensatory wetland mitigation as a requirement of their approved Joint Permit Application from the Department of State Lands (DSL) and U.S. Army Corps of Engineers.
The Coyote Prairie North Mitigation Bank is a large-scale, ecosystem-oriented wetland restoration project designed to provide sustainable ecological benefits in advance of unavoidable impacts to wetlands caused by human activity and provides a comprehensive, effective, and high-quality solution to compensatory wetland mitigation. Mitigation banking provides developers, utility providers, and state and local agencies with the opportunity to pay a one-time fee to purchase credits from the bank, thereby satisfying all or a portion of the statutory wetlands mitigation requirements.
The Coyote Prairie North Wetland Mitigation Bank functions to serve two major goals:
- Provide mitigation credits for sale to private and public entities for development impacts located within the Bank’s service area.
- Restore and enhance an interconnected system of local wetland habitats to a high ecological standard.
The Coyote Prairie North Wetland Mitigation Bank has significantly advanced the science of wetland restoration by implementing the latest restoration and enhancement techniques and carefully monitoring its projects. Our restoration staff has undertaken projects that set a very high standard by establishing rare species, achieving high species diversity, and putting a long-term stewardship plan in place. This effort has resulted in some of the highest-quality wetland restoration projects in the Pacific Northwest. Our restoration techniques have created mitigation bank sites that have won numerous awards and are generally recognized as the “gold standard” of wetland restoration in Oregon.
The City of Eugene’s wetland mitigation sites provide significant benefits to the community including:
- Enhanced air and water quality treatment for non-point source pollution.
- Flood control and water quality treatment through an interconnected system of wetland and riparian areas.
- A diverse array of native plants and animals, and significant connected system of wildlife habitats.
- Access to large and interconnected natural areas near downtown Eugene for all citizens to enjoy.
- Educational and recreational opportunities in and along the wetlands and stream corridors.
Short URLs to this page: