Mitigation
Banking
Regional Offsite Mitigation Areas (ROMA)
Regional Offsite Mitigation Areas (ROMA) are environmental enhancement
projects conducted by the department, a water management district, or a
local government that serve as mitigation for multiple impact projects.
Impact permit applicants pay money to the ROMA sponsor, and the
collected funds are used toward the implementation of the larger
mitigation project. ROMAs that serve as mitigation for more than 5
permits or 35 acres of impact are operated under a memorandum of
agreement (MOA), similar to a mitigation bank permit.
Chapter 373.4135, F.S. establishes the criteria for ROMAs. ROMA MOAs
must identify the mitigation site(s); describe the work that will be
conducted on the site(s); including a timeline for completing the work;
define a geographic service area; provide environmental success
criteria, monitoring and long-term management plans; and assess credit
potential. In addition, ROMA instruments must ensure that mitigation
costs provide for the full cost accounting of the project, including the
project activities, land costs, and administration. However, ROMAs
designated for mitigation use by private, single-family residential
construction (not incorporated residential development) only, the full
cost accounting provision is not required. In either case, moneys
received for a ROMA project may only be used for that project, and no
other purpose.