Merkle Property Umbrella Bank Prospectus and Merkle Property Site Plan proposes to establish and operate an umbrella mitigation bank (Mitigation Site) in the lower Big Sioux River geographic service area. The proposed Mitigation Site is located on a 152-acre parcel of land owned by the Sponsor. If approved, the Sponsor would develop two discrete wetland mitigation banks within the overall Mitigation Site. Each wetland mitigation bank would be developed and operated independently of each other. The proposed Mitigation Site is in Section 8, Township 99 North, Range 50 West, Lincoln County, South Dakota.