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15-3774 1700 Shoreline Drive <br />March 23, 2016 <br />Page 2 <br /> <br /> <br />from the developer). Assuming all goes well with the MCWD and BWSR approvals, we <br />would have a balance due to the Seller later at closing of $1,320.81 and a fee due to <br />BWSR of $115.63 (again all reimbursable from the developer). <br />2. BWSR Transaction Form for Withdrawal of Credits from Minnesota Wetland <br />Bank. Requires signature of authorized City representative as ‘Credit User’ and requires <br />Council authorization. <br />3. Joint Application Form. This is submitted to MCWD and other agencies for approval of <br />the use of wetland credits for mitigation. Requires Council authorization. Exhibits <br />related to Attachment C: Avoidance and Minimization (pages 8-9) will be the two photos <br />and the survey attached. Frank Svoboda has provided the background information <br />inserted as items 1-4 on page 8. <br /> <br /> <br />COUNCIL ACTION REQUESTED <br />Motion to authorize execution of the Wetland Credits Purchase Agreement, Transaction Form <br />and Joint Application Form. <br /> <br />