8505 23 Purchase of Wetland Mitigation Credits - SS - Mangrove Point - TPA

The Hillsborough County Aviation Authority has awarded a contract to Mangrove Point Mitigation Bank, LLC for the purchase of wetland mitigation credits. The contract is valued at $1,000,000 and is intended to offset the environmental impact of the airport's operations. The mitigation credits will be used to compensate for the removal of 155 acres of forested area within the Airport Operations Area. The contract was awarded through a sole source purchase, as authorized by Authority Policy P410. Key aspects of the contract include the purchase of 2.5 units of UMAM State and Hillsborough County saltwater forested mitigation credits, with each credit valued at $400,000. The contract is part of the airport's efforts to improve safety and reduce the risk of wildlife hazards. • The contract is for the purchase of wetland mitigation credits to offset the environmental impact of the airport's operations. • The mitigation credits will be used to compensate for the removal of 155 acres of forested area within the Airport Operations Area. • The contract was awarded through a sole source purchase, as authorized by Authority Policy P410. • The contract is valued at $1,000,000. • The mitigation credits are valued at $400,000 per unit, with a total of 2.5 units being purchased.