PROJECT DETAILS
- Project Name Eco-Asset Inventory, Valuation & Implementation
- Category Mitigation Banking
Summary
Sites are assessed for existing eco-assets. Methods to create value include conservation tax credits, mitigation banking, conservation reserve, transfer of development rights, and case specific agreements. Working with the Client, the preferred alternative is selected to maximize value based on habitat preservation. SEA performs all tasks from assessment to final closing.
Challenge & Solution
In order to create value based on eco-assets, Stokes Environmental will (1) identify the existing assets on the site, (2) establish value for each asset, or (3) identify methods to sell or transfer the assets, and (4) complete the transfer and closing. Eco-assets include habitats, resources and species which may exist or be established on a parcel of land.
SEA will provide an inventory of all marketable eco-assets which may be protected, restored, or created at the site, to be sold, traded, or used as mitigation for wetland permits or other permits.
The value of each asset is determined based on comparable sales of similar eco-assets or cost to create the eco-asset. These comparable sales include mitigation banks, individual mitigation projects, in lieu fee programs, and conventional land sales. If comparable sales are not available, then value is estimated based on the cost to replicate the eco-asset. The value is adjusted based on estimated supply, demand, and estimated absorption rate.
After establishing the assets and values, the available mechanisms to sell eco-assets will be reviewed, including wetland mitigation banking, conservation tax credits, conservation reserve, nutrient credits, sale of transferrable development rights, and other mechanisms to create value at the site. SEA will perform all tasks from asset identification to valuation to contracting sale, and closing.
The eco-assets to be reviewed include, but are not limited to, the following:
Habitat conservation for Barking Tree Frog, Mabees Salamander, Canebrake Rattlesnake, & Small Whorled Pogonia, Least Trillium and Harpers fimbrystalis
Black Skimmer habitat creation and preservation (dredged sand island creation)
Red Cockaded Woodpecker habitat creation and preservation
Nutrient reduction and nutrient credit trading
Stream restoration and preservation
Wetland restoration and preservation
Riparian buffer restoration and preservation
Vernal pond restoration and preservation
Forested uplands restoration and preservation
Endangered or threatened species critical habitat restoration and preservation
Organic soil preservation
Reservoir protection
Tidal wetland restoration and preservation
Living shoreline design and construction
Invasive species management
Hydrology restoration and habitat conservation
ABOUT SEA / ALS
Stokes Environmental Associates (SEA) and Applied Laboratory Services (ALS) provide innovative consulting solutions to business, industry, and government. SEA specializes in environmental assessments, indoor environmental quality, remediation planning, wetlands, and natural resources. ALS specializes in industrial hygiene, asbestos and lead inspections, and laboratory services (PCM, PLM, and Mold Analysis).
Our corporate mission is to provide the environmental services needed by our clients. This means we will have a clear understanding of your needs. We will provide timely comprehensive assessments of environmental factors and correlations to environmental and human health, in compliance with environmental regulatory requirements and good management practices, based on investigative services, environmental sampling, accurate analytical services, and interpretation of data within existing regulatory guidance. We will focus on your needs and desires from start to finish.
SEA & ALS provide access to highly qualified professionals in diverse disciplines in the fields of industrial hygiene and environmental consulting.
Our 20 full-time professionals have the training and experience to address the wide range of conditions that may be found during environmental investigations. Professional credentials include advanced degrees and deep experience in disciplines such as biology, engineering, geology, oceanography, risk assessment, lab management, industrial hygiene, and other technical areas.
Examples of our licenses and certifications include Registered Environmental Manager, Certified Environmental Professional, Certified Wetland Delineator, Approved on-site Soil Evaluator, Licensed Asbestos Inspectors, Licensed Project Monitors, Licensed Asbestos Management Planners, Licensed Lead Inspectors, accredited and certified laboratory, and a long list of OSHA-approved training courses.
Our professionals are active participants in professional organizations and continuing education, and hold all needed professional licenses and certifications.
Stokes Environmental Associates, Ltd. and Applied Laboratory Services, LLC serve the diverse needs of our clients, ranging from individuals to large and small businesses, institutions, and government agencies.
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