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Purchase Agreement for Wetland Banking Credits Page 11 Orono Public Works Facility ǀ 0V1.125044 PURCHASE AGREEMENT FOR WETLAND BANKING CREDITS THIS AGREEMENT is made this 11th of March between Patricia Preiner – MPJWR, LLC (Seller) and Adam Edwards – City of Orono (Buyer). 1. Seller agrees to sell to Buyer, and Buyer agrees to buy from Seller, the wetland banking credits (Credits) listed below: 2. Seller represents and warrants as follows: a) The Credits are deposited in an account in the Minnesota Wetland Bank administered by the Minnesota Board of Water and Soil Resources (BWSR) pursuant to Minn. Rules Chapter 8420.0700-.0755. b) Seller owns the Credits and has the right to sell the Credits to Buyer. 3. Buyer will purchase from the Seller a total of 0.82 wetland credits at a rate of $115,434 per credit. The Buyer will pay the Seller a total of $94,655.88 for the Credits. The Buyer will execute a check made out for this amount, payable to MPJWR, LLC, at the time that the permit application is approved by the LGU. Credits to be Sold Credit Subgroup Wetland Type/Plant Community Type Cost per Credit Credit Amounts Purchase Amount B Type 7/Coniferous Swamp $115,434 0.82 $54,484.85 TOTAL: 0.82 $94,655.88 Per Credit Withdrawal Fee by BSA Enter the Withdrawal Fee for the BSA of the account: BSA 1 $520 BSA 6 $1,083 (Withdrawal Fee x total credits) BSA 2 $371 BSA 7 $1,992 $1992 Withdrawal Fee: $1,633.44 BSA 3 $725 BSA 8 $2,577 Easement Stewardship Fee: (Easement Stewardship fee x total credits) BSA 4 $1,412 BSA 9 $2,628 $302 per credit Stewardship Fee: $247.64 BSA 5 $685 BSA 10 $3,099 Total Fees: $1,881.08 BWSR fee policy: http://www.bwsr.state.mn.us/wetlands/wetlandbanking/fee_and_sales_data/Wetland_Banking_Fee_Policy_Effective_June1_2017.pdf