I would check to see if the jurisdiction has specific design guides for your WQ calcs. In the Kansas City metro area, the APWA guide has the following calculations:
"Two methods can be used to estimate the WQv for a proposed development—the Short-Cut Method and the Small-Storm Hydrology Method. Use the Short-Cut Method (Claytor and Schueler 1996) only for sites with one predominant type of cover and a drainage area less than 10 acres:
WQv = P * Rv
where:
WQv = Water Quality Volume (inches)
P = Rainfall event in inches (the Water Quality Storm of 1.37 inches or other appropriate amount, with the approval of the city engineer)
Rv = Volumetric runoff coefficient = 0.05 + 0.009(I)
I = Percent site imperviousness (%)
The Small Storm Hydrology Method (Claytor and Schueler 1996) is based on the volumetric runoff coefficient (Rv), which accounts for specific characteristics of the pervious and impervious surfaces of the drainage catchment. This method may be used for all drainage areas. Rv’s used to compute the volume of runoff are identified in Table 7. The Small Storm Hydrology Method is:
WQv = P * Weighted Rv
where:
Weighted Rv = ?(Rv1*Ac1)+(Rv2*Ac2)+…(Rvi*Aci)/Total Acreage
Rvi = Volumetric runoff coefficient for cover type i
Aci = Area of cover type i (acres)
Total Acreage = Total area of the drainage area (acres)"
Note: in the above caculations WQv is in watershed inches. To get a volume to size your BMP, multiply it by the watershed area (usually acres). You will need to watch the units:
WQv * Acreage * 43,560 sf/ac * 1 ft/12 in = Treatment Volume in cubic feet.
Also note for the impervious percent I above, an 85 percent impervious would be input as "85" in the equation, not "0.85".
In those calculations above, P would be 0.5 inches per your "0.5 in of post developed runoff from each storm" statment instead of the 1.37 inches noted in the text.
The "water quality treatment rate of 0.05 inches per minute" would be a release rate from your BMP, which as you indicated would be handled preferrably by infiltration if the site soils have the capacity. Otherwise I assume you would have to covert that to a flowrate and convey that flow through a weir or similar structure, to provide the detention time in the BMP.
These calculations are detailed here:
and are based on similar proceedures I've seen used in Maryland, North and South Carolina, and St. Louis. But again, I would check with the jursidiction to see if the have specific quidelines for your area.
Hopefully this info is helpful, as opposed to just more confusing.
Good luck!