Understanding the Mitigation Banking Process
We respect the need to protect our unique and beautiful environment by various conservation efforts, while at the same time fostering economic development in local communities.
Mitigation banking in Florida has emerged as an extremely valuable and beneficial tool employed to balance state conservation interests and mitigation banking process requirements associated with new development projects. Economic and practical considerations have diminished the viability of traditional on-site mitigation, and off-site mitigation has become more of the rule than the exception in recent years.
Mitigation banks and the purchase of mitigation bank credits is a significantly effective and useful mechanism to satisfy off-site mitigation requirements precipitated by new development in both the private sector and public sector.
Let GCF Assist You with the Mitigation Banking Process
Our Vero Beach Real Estate Group attorneys provide legal representation and assistance in connection with all elements of organizing and administering mitigation banking options. These services include the application and permitting process, entity organization, pre-project strategic tax and financial planning, the negotiation and grant of conservation easements, the closing of mitigation bank credit sale transactions, and implementation of required restoration activities.
Our real estate attorneys are accustomed to coordinating with other professionals participating in mitigation banking administration, such as engineers, state and federal governmental agencies, environmental consultants, and mitigation bank credit marketing personnel. Our attorneys also function as closing agent and escrow agent in transactions involving the purchase and sale of mitigation bank credits.
Want to learn more? Schedule your private consultation today.
