Thirty-two more EEP projects approved for closeout
January 28, 2013 3:30 PM
By Tim Baumgartner
EEP Project Closeout Coordinator
The Ecosystem Enhancement Program received notification this month of 32 projects in 2012 that received regulatory signoff from the U.S. Army Corps of Engineers. The projects combined represent more than 22 miles of streams and nearly 900 acres of wetlands with a total estimated value of nearly $60 million. A project’s life stage at this point is referred to as “closeout.”
More specifically, closeout is a regulatory review process that follows the planning, implementation and monitoring of EEP mitigation projects, and determines the actual credits that a site will generate for compensatory mitigation. During closeout, the Interagency Review Team of state and federal regulators evaluates projects based upon defined success criteria included in mitigation plans to finalize the amount and type of credits that can be realized for each project.
Since EEP’s establishment nearly 10 years ago, 258 projects have completed the monitoring stage and have been or are being proposed for closeout. The closeout process represents a joint effort of EEP project and property managers, scientists and analysts, as well as private-sector mitigation providers.