Fiscal Note
The proposed resolution authorizes a sole source purchasing agreement for wetland mitigation credits from the Sugar River Wetland Mitigation Bank at an estimated cost of $139,520. Sugar River Wetland Mitigation Bank is the only vendor that can provide the specific needs of the City of Madison and the permitting requirements of the Wisconsin Department of Natural Resources. Funding is available in the Adopted Stormwater Utility Capital Budget (MUNIS Project 11063).
Title
A Resolution to authorize the City of Madison to enter into an agreement with Sugar River Wetland Mitigation Bank for the purchase of wetland mitigation credits and approve the non-competitive purchase from Sugar River Wetland Mitigation Bank as a sole source provider of these credits, as part of the Lower Badger Mill Creek Flood Mitigation project. (1st Alder District)
Body
WHEREAS, the Lower Badger Mill Creek Flood Mitigation project on the City’s westside includes the property located at 1524 Feather Edge Drive and 1661 Meadow Road; and
WHEREAS, a pond and roadway embankment to be constructed with the stated project crosses a drainage way that contributes to Badger Mill Creek and a delineated wetland, requiring a Wisconsin Department of Natural Resources (WDNR) and U.S. Army Corps of Engineers (USACE) permit to proceed with construction; and
WHEREAS, the WDNR has set a wetland mitigation credit purchase requirement of 1.28 wet meadow or sedge meadow credits to compensate for the impact of the proposed Lower Badger Mill Creek Flood Mitigation project; and
WHEREAS, the stated wetland mitigation credit purchase is a condition of wetland permit approval; and
WHEREAS, Sugar River Wetland Mitigation Bank is the only bank in the Rock Service Area with the required credit type currently available for purchase; and
WHEREAS, Sugar River Wetland Mitigation Bank has wet meadow and sedge meadow credits available at a price of $109,000 per credit, for a total cost of $139,520; and
WHERE...
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