BY COUNCILOR STOVER:
RESOLVED, that the proper city officials are authorized to purchase 0.36 acres of banked wetlands credits from the Terry Anderson Wetland Bank No. 1063 for the sum of $18,720, payable from Permanent Improvement Fund 411, Project P10526TR.
STATEMENT OF PURPOSE: The purpose of this resolution is to authorize the purchase of 0.36 acres of banked wetland credits to replace wetlands that will be impacted by the construction of the new parking lot at the airport adjacent to and as part of the Cirrus expansion project. The credits being acquired are from banked wetlands near Pike Lake.