Common use of VALUE OF MITIGATION PROJECT Clause in Contracts

VALUE OF MITIGATION PROJECT. The following shall be used as a basis for determining the equivalent value of a Mitigation Project: a) A project which creates, enhances, or restores wetlands of an area equal to the area being impacted shall be considered of equivalent value. b) A project which protects or enhances an area (either wetland or upland) less than the area being impacted but of higher functional significance may be considered of equivalent value. PDA shall work with the NHDES in determining functional values and project equivalencies.