The Downtown Investment Authority manages the master stormwater permit for Downtown: St. Johns River Water Management District Permit No. 18269-1 (“Permit”).  Through the Permit, the DIA and the City have identified surplus stormwater facility compensatory credits that may be used to meet the water quality requirements of future downtown development projects, with one credit equal to one acre at 80% impervious.
 
The DIA may offer stormwater facility Water Quality Compensatory Credits for sale to developers or provide such credits to developers as redevelopment agreement incentives that could serve as an alternative solution to meeting the stormwater facility water quality requirements for Downtown development projects. A developer may request Water Quality Compensatory Credits from the DIA's Chief Executive Officer. Such request shall contain, at a minimum, the following information and potential other information as required by the DIA's Chief Executive Officer and the Director of Public Works:
 
(1) Name and contact information, including address, phone number, fax number, and email, for the Developer;
(2) Location and brief description of the development project;
(3) Certified copy of the engineering plans for the development project;
(4) Name and contact information, including address, phone number, fax number, and email, for the engineer of record; and
(5) Number of Water Quality Compensatory Credits requested by the developer to meet the stormwater facility water quality requirements for the development project.
 
For more information on surplus Water Quality Compensatory Credits, please review Chapter 55, Part 2 of the City's Municipal Code or contact Guy Parola, DIA Operations Manager.