tx presentation 11 26 2011 v2
TRANSCRIPT
Who We AreBank Sponsor: Prairie Creek Ventures
Design/Monitoring:
Warren Ranch Group
Restoration Systems• Established in Raleigh, NC in 1998 “to
improve the quality of environmental restoration and mitigation”
• Established the first stream bank created via dam removal and the first water quality bank in the US
• 10 Employees with over 40 projects in 8 different states
• 25,000 acres of wetlands and 50 miles of streams
Katy Prairie Conservancy• Executive Director Mary Anne Piacentini• Est. 1992 “To protect a sustainable portion
of the Katy Prairie for the benefit of its wildlife and all Texans forever.”
• 18k acres currently protected with the goal of reaching 50k
How Did We Get Here?• 2007 National Mitigation Banking Conference• 2008 Mitigation Rule Released • 2009 Draft Prospectus Submitted• 2011 (July) Interim Stream Condition
Assessment SOP Released• 2011 (Oct/Nov) Katy Prairie Stream Mitigation
Umbrella Bank approved
Katy Prairie Stream Mitigation Umbrella Bank
• The first major stream bank permitted in the Galveston District and one of the largest in the US
• Total feet of potential stream restoration is over 100,000’
• Phase I (Warren Creek) totals 17,760’ of stream restoration
• Phase I has the potential to generate over 52,000 stream credits
Construction
• 17,760’ of Priority Level I Stream Restoration• 100’ Riparian Buffer• Prairie Pothole Wetland Restoration• Cattle Exclusion• Invasive Species Management• Texas Prairie Dawn Protection
Monitoring & Long Term Management
• Monitor project for a minimum of 7 years• Phase I will monitor physical, chemical and
biological parameters• Long Term Management will be supervised
by the Texas Land Conservancy
Why this Bank is Unique
• Location- <32 miles from Downtown Houston
• Scale- will be one of largest stream banks in the US
• Relationship- revenue generated will be utilized to protect and restore additional areas.
Permittee Information(Credit Release Schedule)
Permittee Information(Service Area)
• Primary• Spring (12040102) • Buffalo (12040104)
• Secondary• West Fork of San Jacinto (12040101)• West Galveston Bay (12040204) • Austin-Oyster (12040205)
