Mogensen Meadows Wetland Mitigation Bank: Phase I

This report describes the project initiation and site identification phase of the proposed Mogensen Meadows Wetland Mitigation Bank. The project site is located along Plateau Creek in west central Colorado on a parcel of land owned by the Ute Water Conservancy District (bank sponsor). The unique qualities of the site were identified during environmental inventories performed as part of a Bureau of Land Management (BLM) Environmental Impact Statement (EIS). The site has historically been under intensive agricultural use and presently includes degraded wetlands, pastures and irrigated fields. It includes approximately 2.6 cubic feet per second (cfs) of water rights that could be used for wetland restoration. The bank sponsor has indicated a willingness to provide a long-term real estate arrangement to protect the area.