The Mitigation Purchase Agreement is a formal contract between a bank sponsor and the United States Army Corps of Engineers (USACE) regarding the purchase of mitigation bank credits for the West Shore Lake Pontchartrain Project in Louisiana. The agreement outlines the responsibilities of the bank sponsor to create, enhance, and maintain wetland habitats as compensatory mitigation for unavoidable habitat losses associated with the project. USACE commits to paying a specified sum to acquire these credits, while the sponsor agrees to undertake all necessary work to ensure mitigation success, adhering to the requirements of the Mitigation Banking Instrument (MBI). Importantly, the agreement clarifies that USACE does not gain any ownership rights over the bank or its generated finances. It establishes that the agreement can only be altered through written consent from both parties and is governed by U.S. law. Overall, this document reflects a crucial component of federal environmental management, ensuring compliance with legislative requirements for habitat preservation during construction projects.
The U.S. Army Corps of Engineers, New Orleans District (CEMVN), is issuing a Request for Proposals (RFP) for the acquisition of Bottomland Hardwood (BLH) mitigation bank credits to offset habitat losses due to construction of the West Shore Lake Pontchartrain Project. The solicitation, identified as W912P825R0009, seeks up to 40.3 average annual habitat units (AAHUs) of LDNR-approved credits within the Lake Pontchartrain Basin watershed. Eligible mitigation banks must comply with specific regulations and be located within designated hydrologic units.
Proposals must be submitted by February 14, 2025, and should include required documentation, such as a completed SF 1449 form, pricing schedules, and evidence of credit availability. The procurement follows a lowest-price technically acceptable source selection process. A signed letter releasing credits must be received within ten days post-award. Questions about the RFP must be submitted via email by January 29, 2025. Compliance with various regulations, including registration with the System for Award Management (SAM), is mandatory to ensure contract eligibility. The RFP emphasizes the importance of mitigating environmental impacts in accordance with federal regulations while engaging qualified small businesses, including those owned by veterans, women, or economically disadvantaged individuals.