If you are proposing to purchase credits from a bank or ILF site, the mitigation plan should include a description of the baseline conditions at the impact site, the number and type of resource credits to be secured and how these were determined. You must also provide the name of the specific mitigation bank or ILF site proposed to be used. If you are proposing PRM , you must submit a mitigation plan which includes the 13 required components. The mitigation rule (33 CFR 332.4(c)) describes these 13 components in detail:
- Objectives
- Site selection
- Site protection instrument
- Baseline information
- Determination of credits
- Mitigation work plan
- Maintenance plan
- Performance standards
- Monitoring requirements
- Long-term management plan
- Adaptive management plan
- Financial assurances
- Other relevant information
Although not required, assistance from a qualified environmental consultant may be beneficial in developing a comprehensive and acceptable mitigation plan. All mitigation plans require Corps approval.