Admin Order 58-12-07-F - Laserfiche WebLink

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ADMINISTRATIVE ORDER NO. 58-12-07-F of the City Manager of the City of Eugene, Oregon AMENDMENT OF THE WETLANDS MITIGATION BANK FEE AND REPEAL OF ADMINISTRATIVE ORDER NO. 58-10-09-F. The City Manager of the City of Eugene finds as follows: A. Section 2.020 of the Eugene, Code, 1971 authorizes the City Manager to determine and set fees and charges to be imposed by the City for services, goods, use of municipal property, and licenses and permits. B. The City of Eugene has entered into an agreement with the Oregon Department of State Lands (ODSL) and U.S. Army Corps of Engineers (USACOE) to restore and enhance wetlands to create mitigation credits that can be used to meet permit obligations for development projects within the region. C. In order to recover the City's costs of developing and maintaining wetlands, on September 28, 2010, Administrative Order No. 58- 10 -09 -F was issued establishing a wetlands mitigation bank fee of $58,000 per credit with an automatic annual adjustment based on the U.S. Consumer Price Index -Urban, beginning on January 1, 2011. The Administrative Order also offered a discount of 15% for single large purchases of 10 credits or more, provided that, on the date of purchase, the City's Wetland Mitigation Bank has a cash balance totaling, at least, 1.5 years of anticipated capital and operating costs. D. Based on an evaluation of the costs associated with maintaining the wetlands and the market for mitigation credits, staff had recommended the following amendments: 1. A fee decrease to $55,000 per credit with an automatic annual adjustment based on the U.S. Consumer Price Index -Urban, beginning on January 1, 2013; 2. For single credit purchases made within a calendar year, a per- credit discount of 15% for purchases of 10 credits to 20 credits; 20% for purchases of 20.01 credits to 25 credits; 25% for purchases of 25.01 credits to 30 credits; and 30% for purchases of 30.01 or more credits; and 3. Allowing the reservation of credits for future purchase at the current year's price. Based on that recommendation, on May 8, 2012, I issued Administrative Order No. 58- 12-07 proposing to amend the wetlands mitigation bank fee as described above. E. In addition, pursuant to Section 2.022 of the Eugene Code, 1971, Administrative Order No. 44 -83 -01 was adopted establishing an interest rate of 18% per annum on all amounts Administrative Order - Page 1 of 2