Offsite mitigation banks offer the development community an alternative to paying the county a fee in lieu for forest clearing. Offsite Banks can be set up by private landowners to sell for profit, reforestation "credits" to landowners and developers who have reforestation or afforestation mitigation requirements as a result of development projects. The reforestation bank owner plants trees on his/her property, posts a security to ensure survival and places the planted area under a perpetual protective agreement such as a conservation easement. In some instances, the bank owner can agree to preserve existing forested areas that can satisfy the offsite planting requirements for developers. Creating offsite mitigation banks on private property can help to preserve open space in the county and provide the landowner with income. For more information on creating offsite mitigation banks please contact the Forestry Program at (410) 222-7442. |