Title
Joint resolution authorizing an emergency appropriation in the amount of $158,250 for the purchase of 2.11 acres of Wetland Mitigation Credits at the Big Sag Wetland Mitigation Bank (Phase 2) within the Fox River Watershed.
Staff Summary
· Money collected into the Wetland Restoration Fund (WRF) due to wetland impacts is carried over into a deferred revenue account for this fund purpose. In order to access it, an emergency appropriation is needed to bring it into the budget for expenditure.
· The emergency appropriation will allow the use of $158,250 of the WRF to purchase 2.11 acres of wetland mitigation credits at the Big Sag Mitigation Bank (Phase 2).
· This purchase provides mitigation for impacts to 1.36 acres of Isolated Waters of Lake County (IWLC) with newly constructed wetlands at the mitigation bank. A net gain in high quality wetland acreage (+0.75 acre) and wetland function will be realized, which meets purpose #10 in the Lake County Watershed Development Ordinance (WDO).
· These funds will be deposited in the Stormwater Management Commission’s Miscellaneous Contractual Services account 212-4208110-79940-000-000-000-42030.
Body
WHEREAS, the Stormwater Management Commission provides for various Wetland Restoration projects; and,
WHEREAS, the Stormwater Management Commission has agreed to appropriate $158,250 for such projects using Stormwater Management Wetland Restoration Fund Permit Fees - Fox River; and,
WHEREAS, there are sufficient funds available in the Stormwater Management Commission’s Deferred Revenue account 212-0000000-22300-000-000-000-42030 to cover this emergency appropriation.
NOW, THEREFORE, BE IT RESOLVED, by this County Board of Lake County, Illinois, that an emergency appropriation in the amount of $158,250 in the Stormwater Management Commission’s Miscellaneous Contractual Services 212-4208110-79940-000-000-000-42030 for the Purchase of 2.11 acres of Wetland Mitigation Credits at the Big Sag Mitigation Bank (Phase 2) ...
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