Long Term Management. (LTM). Perform LTM activities to include 5-Year reviews.
Long Term Management. (LTM). Term used for environmental monitoring, review of site conditions, and/or maintenance of a remedial action to ensure continued protection as designed once a site achieves Response In Place. Examples of LTM include landfill cap maintenance, leachate disposal, fence monitoring and repair, five-year review execution, and land use control enforcement actions.
Long Term Management. The provisions necessary for long-term financing will be addressed in the banking instrument. In addition to the required construction, operation and performance financial assurances, bank sponsors must submit a financial plan that demonstrates that the bank site can be maintained in perpetuity, whether through continual ownership or by conveyance to a public or private agency, who will assume all responsibilities of the bank. The plan must outline a strategy for the establishment of a fully- funded endowment for long term management activities of the bank. The strategy will include a description of long-term management needs, annual cost estimates for those needs, and identify the funding mechanism that will be utilized to meet those needs. The financial assurance must be a stand-alone document and shall not be made party to any financial assurances required during the life of the bank. The District will require provisions to address inflationary adjustments and other contingencies as appropriate. Appropriate long-term financing mechanisms include non- wasting endowments, trusts, contractual arrangements with future responsible parties, and other appropriate financial instruments. In cases where the long-term management entity is a public authority or government agency, the entity must provide a plan for long-term financing of the site. The fund should include a set dollar amount per credit-acre sold, and must contain the option of adding to the principal to allow for inflationary adjustments. The long-term management entity of the bank will provide written approval to the District engineer of their acceptance of the financial plan. The principal, as well as the earnings of the endowment, must be made available for disbursement to the long term management entity.
Long Term Management. NDOR either will provide long-term management or will transfer long-term management responsibilities to another USACE approved entity. NDOR will provide USACE with a long- term management strategy. Regardless, the wetlands, streams, and/or other aquatic resources at the Site will be protected in perpetuity with the appropriate real estate arrangements. Such arrangements should effectively restrict harmful activities that might jeopardize the purpose of the Site. Written documentation (letter format) of NDOR’s financial resource commitments for long-term management will be provided to USACE as part of a Site Development Plan. NDOR would provide the necessary financial commitment documentation to USACE for long-term management by a third party should responsibilities for management for a Site be transferred (as defined in the Site Development Plan or at a later date). Any transfer of responsibilities to a third party shall be approved by USACE prior to transfer.
Long Term Management. The Sponsor is responsible for long-term management of the Bank Site such that it achieves and maintains the functional performance level described in the Plan; the success criteria contained in the Plan are indicators of expected function based on implementation of the Plan. The Sponsor shall maintain the Bank Site in accordance with the provisions of the recorded conservation easement (Appendix D). Consistent with the recorded easement, the Sponsor will adaptively manage the site to control pest, weed, or invasive species as required by state and federal law. For the purposes of adaptive wildfire management, the Sponsor shall agree to rely on the advice of local, state or federal agencies with wildfire management expertise. Typical wildfire management options include active fire management strategies like emergency fuel manipulation, aerial suppression, or establishment of temporary access trails as well as inactive, let-burn, strategies. The Sponsor may request to transfer the long-term management responsibilities to a land stewardship entity, such as the Minnesota Department of Natural Resources, a non-governmental organization, or a private land manager provided, further, that future maintenance and management of the site after any such transfer would be consistent with the provisions of this instrument and continued into perpetuity by any future owner of the site. Any such transfer must be approved, in writing by the Corps, prior to the transfer. Adaptive management options and long term management will include vegetative and hydrologic maintenance of the entire site, as outlined in the Plan. The Sponsor will not actively manage or harvest timber or other woody species on the site. However, manipulation of brush or management of tree species to achieve specific biological functional lifts or prevent functional declines could later be approved as adaptive management, in accordance with the Plan. The Corps will review the site annually during the monitoring period and confirm that the Sponsor’s management is acceptable during the establishment period. The Corps will coordinate with the state (holder of the conservation easement) to ensure that the conditions of the conservation easement and Plan are being complied with, such formal review taking place approximately every five years.
Long Term Management. The Bank sponsor shall provide site maintenance and monitoring of wetland conditions and undertake corrective action needed to fully establish and maintain in perpetuity wetland conditions in accordance with this Agreement. The long-term management plan for the Bank is described in Appendix C. Management of the Bank shall include, at a minimum, periodic inspection of the site, removal of trash and other debris, remediation for failure of structures or damage to the site, and site-specific management practices. The Bank sponsor shall notify the MDEQ in writing of any alteration of, or damage to, the site, failure of structures, reduction in the size of the wetlands, or any other changes which would threaten the integrity of the wetlands in the Bank within 7 days of the identification of the problem. The Bank sponsor may delegate performance of these tasks, but not the responsibility for them, to a qualified outside contractor. Transfer or sale of the property subject to this Agreement, or any part or interest therein other than a credit, may occur to a party willing and financially able to abide by the terms and conditions of this Agreement entered into by the MDEQ and the Bank sponsor/owner, but only with the prior written approval of the MDEQ. The Bank sponsor/owner shall seek and obtain prior written MDEQ approval before any such transfer or sale. Any transferee or new sponsor/owner shall agree in writing to the terms of this agreement with the MDEQ prior to such transfer or sale. All land that is a part of the Bank, including associated upland areas, is protected from future development by a permanent conservation easement granted to the MDEQ. The cutting or alteration of vegetation, the placement of any structures, and the use of chemicals is prohibited in the conservation easement area except with the prior written approval of the MDEQ. The Bank sponsor/owner shall not grant additional easements, rights-of-way, or any other property interest within the conservation easement area without the written consent of the MDEQ. The conservation easement boundary shall be demarcated by the placement of signage along the perimeter of the Bank. The signage shall be placed at an adequate frequency, visibility, and height for viewing, made of a suitable material to withstand climatic conditions, and should be replaced as needed. The signage shall include the following language: Wetland Mitigation Bank Conservation Easement No Mowing, Dumping, Construction, Dredging...
Long Term Management. If livestock operations will be maintained on the property, Grantor is responsible for all long-term management activities associated with fencing to ensure livestock do not have access to the Protected Property. These activities include the maintenance and/or replacement of fence structures, as deemed necessary by the Grantee, to ensure the aquatic resource functions within the boundaries of the Protected Property are sustained.
Long Term Management. 16.1 The Master Developers will seek to establish a governance and charging mechanism for the long-term management of the completed development and its public realm.
Long Term Management. Grantor will accomplish the long-term management activities identified in the approved mitigation plan, dated . The required activities include but are not limited to management activities (i.e., control of invasive species, fire, etc) and the maintenance and/or replacement of structures (fences, ditch plugs, weirs, etc) that are critical to the long-term success of the mitigation activities as described in the approved mitigation plan.
Long Term Management. The Sponsor is responsible for long-term management, and shall implement the long-term management measures described in the Plan. The long-term management measures shall include sufficient monitoring and corrective measures to ensure that the Bank continues to meet the success criteria until the State and Corps concur that the required monitoring period is completed and that the functions of the site appear to be stable or increasing for the foreseeable future. The Sponsor may request to transfer the long-term management responsibilities to a land stewardship entity, such as a public agency, non-governmental organization, or private land manager. Any such transfer must be approved in writing by the Corps.
