Title
Joint resolution authorizing an emergency appropriation in the amount of $122,830 in the Stormwater Management Commission’s Miscellaneous Contractual Services 212-4208110-79940-000-000-000-42031 for the purchase of 1.73 acres of Wetland Mitigation Credits at the Neal Marsh Wetland Mitigation Bank within the Des Plaines River Watershed.
Staff Summary
• SMC has collected funds from development related Isolated Wetland Impacts in the Des Plaines Watershed.
• A bid procedure was followed for the two wetland banks with credits.
• The low bid to replace the wetland acreage at the WDO specified mitigation ratio was $122,830.
• A total of 1.73 acres of wetland credits will be purchased from the Neal Marsh Mitigation Bank through this emergency appropriation.
Body
WHEREAS, the Stormwater Management Commission provides for various Wetland Restoration projects; and,
WHEREAS, the Stormwater Management Commission has agreed to appropriate $122,830 for such projects using Stormwater Management Wetland Restoration Fund Permit Fees - Des Plaines River; and,
WHEREAS, there are sufficient funds available in the Stormwater Management Commission’s Deferred Revenue account 212-0000000-22300-000-000-000-42031 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 $122,830 in the Stormwater Management Commission’s Miscellaneous Contractual Services 212-4208110-79940-000-000-000-42031 for the Purchase of 1.73 acres of Wetland Mitigation Credits at the Neal Marsh Mitigation Bank is hereby approved; and,
WHEREAS, there will be a $122,830 increase in the Revenue budget 212-4208110-48340-000-000-000-42031, which is to be expended immediately and will be accompanied by a transfer from the Deferred Revenue Account.
DATED at Waukegan, Illinois, on this 13th day of April, A.D. 2010.