HomeMy WebLinkAbout2026-05-18 I01J_02_d Raccoon Valley Mitigation Bank Credit Purchase Agreements_CEMVR-RD-2025-1053_10th St ExtensionAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: May 18, 2026
AGENDA ITEM:Consideration of approval of a resolution approving Purchase Agreement
between Raccoon Valley Mitigation Bank and the City of Waukee
[Permit CEMVR-RD-2025-1053]
FORMAT:Resolution
SYNOPSIS INCLUDING PRO & CON: The Raccoon Valley Mitigation Bank offers wetland
mitigation credits to a primary service area for the Upper Des Moines River Basin. The City of
Waukee is required to purchase mitigation credits for 0.23 acres of emergent wetlands to satisfy
unavoidable impacts as part of the 10th Street Extension project. The mitigation impacts are described
in Section 404 of the permit received from the U.S. Army Corps. of Engineers. Upon the signing of the
Purchase Agreement and the payment of $11,305.09 for the purchase of the required 0.23 emergent
wetland credits to Raccoon Valley Acres, Raccoon Valley Acres will debit 0.23 emergent wetland
credits from the Raccoon Valley Mitigation Bank’s credit ledger to the City’s project.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: $11,305.09. This mitigation
cost is included in the total project budget ($32.8M) for the 10th Street Extension project shown in the
approved FY 2026-2030 CIP.
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT:
RECOMMENDATION: Approve the Resolution and Agreement.
ATTACHMENTS: I. Resolution
II. Purchase Agreement with Raccoon Valley Mitigation Bank
PREPARED BY: Lisa Bauman
REVIEWED BY: Rudy Koester RK
I1J2d
THE CITY OF WAUKEE, IOWA
RESOLUTION 2026-
APPROVING PURCHASE AGREEMENT BETWEEN RACCOON VALLEY MITIGATION
BANK AND THE CITY OF WAUKEE
[PERMIT CEMVR-RD-2025-1053]
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF WAUKEE, IOWA
WHEREAS, the City of Waukee, Dallas County, State of Iowa, is a duly organized Municipal
Organization; AND,
WHEREAS, Waukee is required to purchase mitigation credits for 0.23 acres of emergent wetlands to
satisfy unavoidable impacts as part of the 10th Street Extension project; AND,
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Waukee, Iowa, that the
Purchase Agreement between Raccoon Valley Mitigation Bank and City of Waukee [10th Street
Extension] are hereby approved.
Passed by the City Council of the City of Waukee, Iowa, and approved on the 18th day of May,
2026.
____________________________
Courtney Clarke, Mayor
Attest:
___________________________________
Rebecca D. Schuett, City Clerk
RESULTS OF VOTE: AYE NAY ABSENT ABSTAIN
Kala Anderson
Chris Crone
Rob Grove
Lori Lyon
Anna Bergman Pierce
Raccoon Valley Mitigation Bank
222 West Pleasant Ridge Road
Carroll, Iowa 51401
PURCHASE AGREEMENT
May 12, 2026
Rudy Koester
City of Waukee
230 W Hickman Rd
Waukee, IA 50263
Re: PERMIT CEMVR-RD-2025-1053
Raccoon Valley Acres, owns and operates the Raccoon Valley Mitigation Bank legally
described as shown in Exhibit A.
The Raccoon Valley Mitigation Bank is operating in accordance with the Federal Guidance
for the Establishment, Use and Operation of Mitigation Banks; Notice published in the
Tuesday, November 28, 1995 Federal Register, Volume 60, No. 228.
The Raccoon Valley Mitigation Bank offers wetland credits to a primary service area for
the Upper Des Moines River Basin as defined within the Iowa Mitigation Banking
document (Last revised: July 2019).
As of the date of this agreement, Raccoon Valley Mitigation Bank is compliant with the
performance criteria detailed in the banking instrument. This includes:
• The required Conservation Easement, (Racoon Valley Acres, Grantor; Shelby
County Conservation Board, Grantee) is filed with the Sac County Recorder.
• The required long-term maintenance account has been created.
• Construction was completed in Spring 2025.
• Credits are within sufficient quantities and qualities for debit to meet the permit
requirements for the City of Waukee.
It is our understanding the City of Waukee will require 0.23 emergent wetland credits to
satisfy unavoidable impacts described in the above-referenced Section 404 Application. Upon
the USACE permit approval and the signing of the Purchase Agreement and the payment of
$11,305.09 for the purchase of the require 0.23 emergent wetland credits to
Raccoon Valley Acres, Raccoon Valley Acres will debit 0.23 emergent wetland credits from
the Raccoon Valley Mitigation Bank’s credit ledger to the appropriate project.
General Provisions:
PRICE: The Purchase Price of $11,305.09 for 0.23 emergent wetland credits is payable to Raccoon
Valley Acres upon approval of permit PERMIT CEMVR-RD-2025-1053
TIME FOR ACCEPTANCE: This Agreement shall become a binding contract. If payment in full is not
received by July 1, 2026, this Purchase Agreement shall become Null and Void.
Immediately upon receiving payment and one signed electronic copy, Raccoon Valley
Acres will execute the documents, return a signed electronic copy to you, and provide
proof of payment to:
Abigail Steele
Regulatory Project Manager
Rock Island District Corps of Engineers
Clock Tower Building — PO Box 2004
Rock Island, IL 51204-2004
Credits are not reserved until this document is fully executed and returned.
Date: May 12, 2026 Date:
Raccoon Valley Mitigation Bank City of Waukee
222 W Pleasant Ridge Rd 230 W Hickman Rd
Carroll, IA 51401 Waukee, IA 50263
For Raccoon Valley Mitigation Bank: For City of Waukee:
Daniel Sturm Rudy Koester
XXXXXXXXXXX Courtney Clarke, Mayor
May 18, 2026
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