Public Works and Natural Resources Committee
The Public Works and Natural Resources Committee received a comprehensive update on the City's Bellingham Wetland Mitigation Bank project, an eight-year effort to create an alternative to traditional wetland mitigation. The mitigation bank would allow developers to purchase credits for unavoidable wetland impacts rather than conducting individual mitigation projects, which have historically resulted in high failure rates and ecological inefficiency. The presentation detailed the complex federal and state approval process, which involves submitting 12-15 technical documents sequentially through an Interagency Review Team led by the Washington Department of Ecology and U.S. Army Corps of Engineers. The City is currently at year eight of what is typically a 5-10 year approval process, having recently received a Whatcom County major project permit and EDI grant for construction. Staff indicated they are nearing completion of the technical submittal phase and plan to return to Council in the first quarter of 2025 with a proposed enabling ordinance. This ordinance would establish how the City operates and manages the bank, including credit pricing and allocation decisions. The bank aims to serve both public and private developers within the service area, with the City's projected usage being less than 50% of total credits.
No formal votes were taken as this was an information-only presentation. The committee received the update and discussed the project's status and timeline for future Council action in early 2025 re…
First quarter 2025: Staff will return to Council with a draft mitigation bank enabling ordinance covering bank operations, credit pricing, and management decisions. Following enabling ordinance approval: City will submit the basic agreement to complete the Mitigation Banking Instrument (MBI) process. Timeline TBD: Final signi…


