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BOCC AGENDA ITEM
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| Item Title: | Approve Mitigation Credit Purchase Agreement with Three Rivers Timber, LLC | | Date: | 10/10/2022 | | Department: | Capital Improvement Group |
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| | | | | | | | | Background: | Permit requirements for three approved Capital Improvement Projects require the purchase of Federal and State Mitigation Credits to minimize impacts to wetlands. Three Rivers Timber, LLC has ten State credits available for purchase within Basin Three which the County can use to meet the State mitigation permitting requirements for the Westside Regional Park, William Burgess Extension, and Pages Dairy-Chester Road Intersection projects.
The credits and the cost of the credits will be split as follows:
Westside Regional Park – 4.925 credits $615,625
William Burgess Extension – 3.12 credits $390,000
Pages Dairy-Chester Road Intersection – 1.955 credits $244,375
| | Request: | | Consider the following: 1) Approve and authorize the Chairman to sign the State Mitigation Credit Purchase Agreement, Contract No. CM3239, with Three Rivers Timber, LLC for the purchase of 10 Mitigation Credits for a total purchase price of $1,250,000; 2) Authorize the Chairman to sign the check request payable to Three Rivers Timber, LLC in the amount of $1,250,000, and issue the check after the fully executed agreement has been received from Three Rivers Timber. | | Financial/Economic Impact to Future Years Budgeting Process or Effect on Citizens: | | Mitigation Credits are in high demand and very little inventory exists. As development in Nassau County continues to encroach wetlands the supply of decreases, and the County’s opportunity to complete pending projects diminishes. | | Action Requested and Recommendation: | Consider the following: 1) Approve and authorize the Chairman to sign the State Mitigation Credit Purchase Agreement, Contract No. CM3239, with Three Rivers Timber, LLC for the purchase of 10 Mitigation Credits for a total purchase price of $1,250,000; 2) Authorize the Chairman to sign the check request payable to Three Rivers Timber, LLC in the amount of $1,250,000, and issue the check after the fully executed agreement has been received from Three Rivers Timber.
| | Is this action consistent with the Nassau County Comprehensive Land Use Plan? | | Yes | | Funding Source: | 68075572-563710 WSRP; Westside Regional Park – 4.925 credits $615,625
63470541-563100 WBEXT; William Burgess Extension – 3.12 credits $390,000
63470541-563100 PDCII; Pages Dairy-Chester Rd Intersection – 1.955 credits $244,375
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| Additional Information Needed for Contracts/Agreements (If Applicable) | | | Contract Number assigned by Contracts Management: | | CM3239 | | For non-governmental agencies, has the document been sent to the vendor for signature? | | The vendor has a copy of the agreement, and will sign the agreement after the BOCC has authorized the Chairman to sign the agreement. | | Does the document need to be recorded? If so, who will pay the recordation fee? | | No | | Are there any special mailing instructions? (Include contact name, address, deadline for submittal, how to mail such as express mail, FedEx, etc): | The agreement will be sent with the Chairman's signature to:
Mr. William Lanius
Three Rivers Timber, LLC
1548 The Greens Way, Suite 6
Jacksonville, FL 32250
The check will be issued after the fully executed agreement is received from Three Rivers.
| | How many originals are needed? | | One |
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