20070747 Ver 1_Year 2 Monitoring Report Review_20110203

F MA
? -PA
NCDENR
North Carolina Department of Environment and Natural Resources
Division of Water Quality
Beverly Eaves Perdue Coleen H. Sullins
Governor Director
February 3, 2011
Mr. Bob Kessler
Greenvest/Flat Swamp, LLC
4405 Dewees Ct
Raleigh, NC 27612
Re: Credit Release #3
Flat Swamp Buffer Bank
Craven County
DWQ #07-0747
Dear Mr. Frederick:
Dee Freeman
Secretary
We received the Year 2 Monitoring Report, dated January 10, 2011, on January 18, 2011,
documenting the second growing season at the Flat Swamp property. Based on the data
presented in the report, all monitoring plots exceeded the success criterion of 320 stems per acre.
According to the MBI, the following Project Milestones have been met, and the corresponding
credits shall be released:
Milestones Credit
5) Submittal and Approval of Year 2 Monitoring Report 10%
By copy of this correspondence, DWQ confirms that you have satisfied the above requirements
for the above-referenced tract and 10% of your nutrient offset credits (0.1 x 649,879.14 =
64,987.911b-N) are now available for sale. Also, 10% of your riparian buffer credits (0.1 x
20.34 = 2.034 credits) are now available for sale.
A total of 454,915.40 lb N (70%) have been released for this site. Also, a total of 14.238 acres of
Neuse riparian buffer credits have been released to date.
Please note that credits generated at this site must be used for impacts in HUC 03020202.
As always, please copy DWQ on all correspondence related to credit sales, referencing the DWQ
project number associated with the impacts for which credits are being purchased as
compensatory mitigation.
401 Oversight/Express Review Permitting Unit
1650 Mail Service Center, Raleigh, North Carolina 27699-1650
Location: 512 N. Salisbury St, 9t^ Floor, Raleigh, North Carolina 27604
Phone: [phone] FAX: [phone]
Internet: http://portal.ncdenr.org/web/wq/swp/ws/401
One
hCarohna
Nort
Naturally
An Equal Opportunity 1 Affirmative Action Employer
Greenvest/Flat Swamp, L'LC
Flat Swamp Mitigation Bpnk
Page 2 of 2
February 3, 2011
Please feel free to contact Lia Myott Gilleski at [phone] if you have any questions
regarding this correspondence.
Sincerely,
r<
Ian McMillan, Acting Supervisor
401 Oversight/Express Review Program
IJM/1mg
cc: File copy