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*Nitrogen Offset Payment = ((557 / Ib) x (# of Ibs / Year) x (30 years) <br />+ (Land Cost 5 / Ac) x (1 Ac / 35 Ac) <br />x fDevel. in Ac)1 x (1.1 Ad Costs) <br />*This factor will be adjusted annually based anon the construction cost index <br />factor published each December in the Engineering News 12ecord. <br />Where: lbs /year represents the amount of nutrient exported or discharged per year <br />for which mitigation is being requested; Land Cost $ / Ac represents current <br />property value in dollars per acre of the property being developed, based on the <br />most recent tax assessment; 1 Ac / 35 Ac ~°epresents an adjustment factor indicating <br />that one acre of mitigation is required for every 35 acres of development and 1.1 Ad <br />Costs represents an adjustment factor to cover administrative cost associated with <br />the requested mitigation. <br />7 <br />