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Alaska Department of Natural Resources

Division of Mining, Land and Water
Alaska Department of Natural Resources
Division of Mining, Land and Water

Aquatic Farm Leasing
Fees and Bonding

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What costs are associated with an aquatic farmsite lease?

The charge for an aquatic farmsite lease will be based on a fair market value appraisal or the division's current fee schedule. In order to qualify for the fee schedule, the proposed site must meet certain criteria. Those criteria are as follows:

flying over aquatic farm
  1. The aquatic farmsite must be located in a remote area; and
  2. Must be accessible only by light aircraft and/or boat; and
  3. Public utilities systems are not available; and
  4. There is no apparent competition for the site.

If a site is located in a competitive market area it will require a formal market value appraisal provided by the applicant. The rates found on the current fee schedule are effective March 15, 2020 through March 14, 2022.

Bonding

A performance bond is required to be posted and maintained during the lease term. The amount of the bond is determined by such factors as projected site cleanup and restoration, any associated cleanup costs after termination of lease, including unpaid rentals or other obligations accruing until site restoration is complete. flying over aquatic farm The current minimum bond amount is $2,500. However, the bond amount may be larger after considering such items as travel costs to reach the site for cleanup or inspection, the planned size and extent of improvements, whether the improvements, including associated facilities on state land could be towed away for use by other operators, burned onsite, or disposed of at an authorized landfill, and whether heavy equipment would be needed for upland site restoration. The bond amount could change based on changes to the existing operation, new information, or other appropriate factors.

Bond Association

mussels in a basket You may participate in an association bond if you form an association with two other lessees. If three or more lessees post an association bond to cover all of their leases, the minimum security amount for each lessee is 50 percent of the amount individually calculated for each lease. The bond amount could change based on changes to the existing operation, new information, or other appropriate factors.

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