(CD 2) Authorize Execution of a Mitigation Bank Credit Purchase Agreement with Mustang Creek Mitigation Holdings, LLC in the Amount of $193,148.00 for the Purchase of Mitigation Credits from the United States Army Corps of Engineers for the Loving Avenue Channel and Culvert Improvements Project

Summary

The City Council is asked to authorize the execution of a Mitigation Bank Credit Purchase Agreement with Mustang Creek Mitigation Holdings, LLC for $193,148.00. This agreement is necessary to purchase mitigation credits from the United States Army Corps of Engineers (USACE) for the Loving Avenue Channel and Culvert Improvements Project (City Project No. C00626). The project requires these credits due to additional scope of work involving channel lining improvements that trigger federal mitigation requirements under Section 404 of the Clean Water Act. Purchasing credits from a mitigation bank relieves the City of the long-term responsibility for the mitigation site's success. Funding for this purchase is available in the Stormwater Capital Projects Fund.

Citizen Impact

This agreement ensures compliance with federal regulations for the Loving Avenue Channel and Culvert Improvements Project, which aims to mitigate hazardous roadway overtopping, potential home flooding, and erosion threats. Residents in the project area will benefit from improved flood protection and reduced erosion risks.

Confidence

high