How would StormStore work for your project?
If your project is eligible, you now can use credits to meet a portion of your stormwater management obligations. Developers stand to save on average $175,000 in avoided stormwater management costs and can free up to 30,000 sf of land for other use. Follow the steps below to see where StormStore can help you navigate this innovative program and help save you money.
To take advantage of this pilot, developers will need to do the following:
- Identify need - Work with your project engineer or planner to determine how many credits you can use.
- Secure Credits - Find credits from an offsite facility in the same watershed. You can check with your municipality to determine if there are available credits for sale or visit MWRD's pilot website to see a list of approved credit supply projects. Reach out to the credit supplier for the cost of available credits,
- Obtain Permit Approval - Submit a watershed management permit to MWRD that documents your agreement with the credit supplier and the number of credits you will use to meet your stormwater management obligations. Agreements will come in the form of a binding contract between you, the Buyer, and the credit Seller and can be used as proof of purchase.
- Construct Project - Once you have received your permit, you are free to construct your project. You are responsible for the maintenance of the infrastructure on your site. The Seller from who you purchased credits is responsible for maintenance of their site in perpetuity.