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03-12-18-R
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03-12-18-R
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The following is a sample of a possible Purchase Agreementfor the sale of Wetland Banking Credits. <br />This Purchase Agreement does not necessarily cover all of the issues that would be important to Sellers <br />and Buyers, nor does it address the terms that would be appropriate for any particular transaction. <br />Sellers and Buyers should obtain the services of qualified legal counsel to adapt this Purchase Agreement <br />to meet their specific needs. <br />PURCHASE AGREEMENT <br />FOR <br />WETLAND BANKING CREDITS <br />THIS AGREEMENT is made this 1 day of December ,2017 between <br />Patricia Preiner Seller)and City of Arden Hills Buyer). <br />I. Seller agrees to sell to Buyer, and Buyer agrees to buy from Seller,the wetland banking credits <br />Credits)listed below: <br />Credits to be Sold <br />Credit <br />Wetland Type/Plant Community Type Cost per Credit Credit AmountsSubgroup <br />B Shallow marsh 78,408 0.06 <br />Per Credit Withdrawal Fee by Total Total <br />BSA Enter the Withdrawal Fee <br />Cost: $4,705.20 <br />Credits: 0.06 <br />BSA 1 $520 BSA 6 $1,083 <br />for the BSA of the account: <br />Withdrawal Fee x total credits) <br />BSA 2 $371 BSA 7 $1,992 I 1,992 I Withdrawal Fee: 119.52 <br />BSA 3 $725 BSA 8 $2,577 Easement Stewardship Fee: Easement Stewardship feextotal credits) <br />BSA 4 $1,412 BSA 9 $2,628 I 302 per credit Stewardship Fee: 18.12 <br />BSA 5 $685 BSA 10 $3,099 Total Fees: 137.64 <br />BWSR fee policy:imp U'r,„b u.,tate.mn.usti atind.wc1Iandbanking'lee and sale,: kata1V`ethnd Banton Fez Niter Effective Junel 2017.ndf <br />2. Seller represents and warrants as follows: <br />a) The Credits are deposited in an account in the Minnesota Wetland Bank administered by the <br />Minnesota Board of Water and Soil Resources(BWSR)pursuant to Minn.Rules Chapter <br />8420.0700-.0760. <br />b) Seller owns the Credits and has the right to sell the Credits to Buyer. <br />Page 1 of 2 <br />BWSR Example Purchase Agreement <br />Updated July 14,2017
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