A project requires work in a wetland area that will impact 0.8 acres. The mitigation banking fee is $45,000 per acre, and additional permit processing fees total $3,200. What is the total environmental permit cost?
Correct Answer
B) $39,200
The mitigation cost is 0.8 acres × $45,000 = $36,000, plus $3,200 in processing fees, totaling $39,200 for the environmental permits.
Why This Is the Correct Answer
Option B is correct because it includes both components of environmental permit costs. The mitigation banking fee must be calculated by multiplying the impacted acreage (0.8 acres) by the per-acre fee ($45,000), which equals $36,000. This mitigation cost must then be added to the additional permit processing fees of $3,200, resulting in a total environmental permit cost of $39,200.
Why the Other Options Are Wrong
Option A: $48,200
Option C represents only the per-acre mitigation banking fee ($45,000) without accounting for the actual impacted acreage (0.8 acres) or the additional processing fees, making it an incorrect calculation.
Option C: $45,000
Option A only accounts for the mitigation banking fee ($36,000) but fails to include the additional permit processing fees of $3,200, making it an incomplete calculation of the total environmental permit cost.
Memory Technique
Remember 'MAT' - Mitigation (per acre × actual acres) + Administrative fees + Total = complete environmental permit cost
Reference Hint
Florida Building Code Chapter 1 - Administrative provisions, or Environmental regulations section covering wetland mitigation requirements and permit fee structures
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