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RECOMMENDATION <br /> Staff recommends approval of the filling and mitigation plan for this project with <br /> the following stipulations: <br /> 1. A restrictive covenant and drainage and utility easement be recorded over the <br /> mitigation and buffer areas. <br /> 2. The petitioner secures letter of credit in favor of the City of Elk River,which <br /> covers the cost of the mitigation work. <br /> 3. Monitoring of the wetland mitigation will commence as soon as restoration is <br /> completed on both this site and the Schuer, Inc. site and continue for a period of <br /> 3 to 5 years, as needed, as determined by city staff. The petitioner shall submit a <br /> written monitoring report on the replacement wetlands to the city after the first <br /> year of monitoring. Upon approval of this report by city staff the letter of <br /> wetland credit may be released. <br /> 4. Proof of purchasing wetland credits from Schuer, Inc shall be provided to the <br /> City. <br />