The Nature Conservancy to Determine Mitigation

Author:Mr John Lain, Heather Nixon Stevenson and Daniel K. Sloane
Profession:McGuireWoods LLP
 
FREE EXCERPT

Developers in some watersheds Virginia may shortly have to conduct their own mitigation for wetland and stream impacts. In lieu fee contribution, long a main stay in mitigation in the Commonwealth, has recently undergone changes that may affect its usefulness for some permittees.

On May 10, 2010, the Norfolk District Office of the U.S. Army Corps of Engineers issued a public notice relating to mitigation credit costs. In compliance with the Corps' 2008 Mitigation Rule (33 CFR Parts 325 and 332), the Corps has designated The Nature Conservancy (TNC) as the entity to determine wetland and stream mitigation credit costs in Virginia for work performed through the Virginia Aquatic Resources Trust Fund (the "Trust Fund"). The Trust Fund conducts stream and wetland mitigation throughout Virginia and is administered under a joint agreement between the TNC and the Norfolk District of the Corps. Where the Corps or the Virginia Department of Environmental Quality (VDEQ) allow applicants to use in lieu fee payments as mitigation for wetland or stream impacts, these payments are made into the Trust Fund.

Up until now, both the Corps and VDEQ provided the estimated amounts due as in lieu fee contributions to compensate for particular impacts permitted under federal and state...

To continue reading

FREE SIGN UP