The Department of State Lands requires compensatory wetland mitigation to replace functions lost by regulated activities. Two options available for mitigation (in-lieu fee credit purchase, and payment in-lieu mitigation) involve payment into the Oregon Removal-Fill Mitigation Fund.
Effective for all complete applications received on or after July 1, 2012, the rate for payment to the Fund will be $74,000 per acre.
According to statute, the rate set by DSL “shall be equal to the average cost of credits available from all active mitigation banks in the state” (ORS 196.643). This rate is determined annually.
The prices reported to us this year by the 16 active mitigation banks ranged from $48,015 to $225,000 per full acre. Prices were weighted by the number of credits available from each bank and averaged to arrive at the Fund price.
For more information, contact Dana Hicks at 503-986-5229