How does one account for off-site parking. Should the LEED boundary encompass this parking? Or alternatively may the project pursue the "no new parking" option?

The Minimum Program Requirements supplemental guidance document covers these situations in some detail. The boundary needs to include "contiguous land that is associated with and supports normal building operations."

Is it possible to be exempted from the wetlands requirements under this credit if we protect or restore equivalent wetlands elsewhere?

No, this is not an accepted compliance path. LEEDuser's experts agree that you are unlikely to get traction with this due to the immediate and unsustainable impacts on local ecosystems and hydrology.

The project site is classified as "prime farmland," but is in a developed area with buildings all around. Can I still comply with this credit?

LEED does not have published exceptions to the prime farmland requirement. You would need to submit a CIR to get an official ruling.

However, some projects have had success contacting the local USDA representative and requesting an evaluation to get an exemption due to the low probability that the land could be usable for agricultural purposes.