The minimum technical elements required in the instrument are:
(1) The goals and objectives of the project;
(2) Site location including city or county, proximity to existing roads and other landmarks, and a vicinity map showing location of the proposed site(s);
(3) A description of existing conditions of the proposed site(s) including, but not limited to:
(a) Local land use or zoning designation;
(b) Current uses;
(c) Presence of liens, rights of way, easements, or other encumbrances;
(d) The landscape position of the site including WRIA, basin, and subbasin location;
(e) Wetland types present on the site including Cowardin classification and HGM class of each wetland;
(f) Other habitat types present;
(g) Technical information on wetland delineations, soil types, vegetation, and water sources, including surface water features and groundwater information;
(h) An analysis of functions provided by on-site wetlands;
(i) Adjacent land uses that might affect the bank's function;
(j) Site constraints, conflicts, or known risks that could affect bank development or function;
(k) Identification of all buildings, structures, and other built features that would remain on the site after construction;
(l) Identification of existing mitigation sites and whether they will remain on-site after construction; and
(m) Detailed site map(s) that includes, but is not limited to:
(i) Total area of site;
(ii) Location, delineated boundaries, size, and number of existing wetlands;
(iii) Location of all streams, ponds, and other water features on and adjacent to the site;
(iv) Location and type of all known water control features on and adjacent to the site; and
(v) Presence of rights of way, easements, or other encumbrances.
(4) A statement of how the bank meets any watershed restoration needs and how its design and location are ecologically appropriate;
(5) The rationale for site selection addressing the considerations listed in WAC
173-700-303;
(6) A detailed description of the proposed bank site including, but not limited to:
(a) The bank size;
(b) The Cowardin and HGM classes, wetland rating, and sizes of wetlands and other aquatic resources proposed;
(c) A description of the buffers for the site and any other habitats provided on the site;
(d) The functions to be provided by the bank and level of increase over existing conditions;
(e) Detailed site design plans and specifications to include grading plans, planting plans, and specifications for any structures; and
(f) Construction timing and schedules.
(7) Documentation of the ownership of bank lands and a legal description of the bank site;
(8) A detailed description of sponsor responsibilities for construction implementation, monitoring and reporting, and maintenance;
(9) A description and map of the service area and accompanying rationale that demonstrates the service area is ecologically appropriate;
(10) The potential number of credits to be generated by the bank and a credit description consistent with WAC
173-700-310;
(11) A description of any restrictions on use of credits;
(12) Documentation of water rights for the proposed bank, if required;
(13) An evaluation of historic, cultural, and archaeological resources on the bank site;
(14) Credit tracking and accounting procedures including reporting requirements;
(15) Performance standards for determining bank success and credit release including a schedule for the phased release of credits, if necessary;
(16) Monitoring plan and reporting protocols including a clear statement of responsibility for conducting the monitoring and reporting;
(17) An adaptive management plan and statement of responsibility for adaptive management activities;
(18) Financial assurances;
(19) The ownership arrangements and long-term management plan for the bank;
(20) Provisions for permanent protection of the bank site;
(21) Force majeure clause (identification of sponsor responsibilities in the event of catastrophic events that are beyond the sponsor's control);
(22) Any supporting documentation requested by the department;
(23) A provision stating that legal responsibility for providing the compensatory mitigation lies with the sponsor once a permittee secures credits from the sponsor; and
(24) Default and closure provisions.
