The site must provide for the long term conservation of habitat and species. The bank is established pursuant to a legally enforceable Implementing Agreement (signed by all agencies involved) The site must be large enough to be ecologically self sustaining and/or part of a larger conservation strategy. The site must be permanently protected through fee title and/or a conservation easement. Prior to the sale of credits a resource management plan should be approved by the agencies. A sufficient level of funding with acceptable guarantees should be provided to fully ensure the operation and maintenance of the bank as may be required. Provision should be made for long term management of the bank lands after all the mitigation credits have been awarded. Provision should be made for ensuring implementation of the resource management plan in the event of non-performance by the bank owner and/or operator. Provisions should be made in any bank establishment for the monitoring and reporting on the identified species/habitat management objectives. Bank credits should be established by reference to an environmental baseline. The award of bank credits is negotiated on a case-by-case basis.