The Mitigation Banking Group, Inc.

The City of Oviedo, Florida is seeking to purchase 0.22 Uniform Mitigation Assessment Methodology (UMAM) wetlands mitigation credits from The Mitigation Banking Group, Inc. for the Lake Charm Drive Ditch Retrofit project, which requires compensatory environmental mitigation as part of the permitting process with the St. Johns River Water Management District. The procurement is being conducted through a Public Notice of Intent to Single/Sole Source Purchase and a Wetlands Mitigation Credit Purchase and Escrow Agreement. The specific deliverables include wetlands mitigation credits sourced from the Lake Jessup Woods ecological restoration project in Seminole County, Florida. The Request for Information (RFI) 25-10 was issued on October 1, 2024, and is valid for fiscal year 2024-2025, with a notice end date of October 22, 2024, at 12:00 P.M. EST. Key objectives include obtaining the necessary environmental credits to support the ditch retrofit project, with the credits being reserved for 90 days from the final signature or until the SJRWMD Permit is issued, whichever occurs first. The procurement process emphasizes verification of non-restrictive specifications and potential alternative service providers.

The procurement appears to be a direct purchase without traditional competitive bidding, with a total credit purchase price of $99,000.00 and a required 10% deposit of $9,900.00 upon agreement signing. An escrow arrangement has been established with Stenstrom, McIntosh, Colbert & Whigham, PA serving as the Escrow Agent. No specific set-aside designations or restrictions on responding organizations are explicitly mentioned in the documentation. The mitigation credits will be sourced from an existing ecological restoration project, suggesting some pre-established infrastructure and environmental remediation capabilities. The document indicates this is not a traditional bid or quote opportunity, but rather a specific sourcing arrangement with The Mitigation Banking Group, Inc. The procurement is specifically tailored to the City of Oviedo's environmental permitting requirements for the Lake Charm Drive Ditch Retrofit project, with a clear focus on obtaining the precise wetlands mitigation credits needed to comply with environmental regulations.