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PROGRAM
INVOICE
January 18,2012
Kyle Ward
Spring Investors,LLC
1000 Darrington Drive, Ste. 105
Cary,NC 27513
Project: New Hill Place invoice expires: March 18,2012
County: Wake
DWQ# 09-1346
COE#: 2008-0967
EEP#: 12059
Location: Cape Fear 03030004
You have elected to satisfy the compensatory mitigation requirements of the Section 401/404/CAMA permit(s) issued for the above
referenced project through payment of a fee to the North Carolina Ecosystem Enhancement Program(NCEEP). In accordance with
15A NCAC 2R.0402(d),the amount you owe is based upon the 2011-2012 Fee Schedule and has been calculated as follows(Please
note: payment for wetlands is calculated in increments of 0.25 acres). If you have any questions concerning this payment,please call
Kelly Williams at(919)716-1921.
Habitat Type Invoiced Amount Fee Schedule Cost
Riparian Wetlands 1.75 acres x $ 64,077.00 = $112,134.75
Stream 3,986 linear feet x $ 349.00 = $1,391,114.00
TOTAL AMOUNT DUE if paid within 60 days $1,503,248.75
If payment is not received within 60 days of the date of this invoice, it will expire. Note that your permit(s)may require payment
before this date. Subsequent invoice extensions will be based on the fee schedule in effect on the date they are issued. Extensions
may be requested by emailing the NCEEP In-Lieu Fee Program Coordinator at [e-mail]. Please send a check
payable to NCEEP for the Total Amount Due to the appropriate address below and enclose a copy of this invoice.
US Mail: Physical Address(for other delivery services):
NCDENR Ecosystem Enhancement Program NCDENR Ecosystem Enhancement Program
1652 Mail Service Center 2728 Capital Boulevard, Suite I 103
Raleigh,NC 27699-1652 Raleigh,NC 27604
If the account name on the check is not the same as the permit holder's name,please include a signed statement by the permit holder
that the check is being written on behalf of,and with full knowledge and authorization of,the permit holder. Refunds of payments
made to NCEEP are only approved under certain conditions. All refund requests must be submitted in accordance with EEP's refund
policy at www.neeep.net.
YOU MUST BE IN POSSESSION OF THE PAYMENT RECEIPT FROM NCEEP PRIOR TO COMMENCING THE ACTIVITIES
AUTHORIZED BY THE DEPARTMENT OF ARMY 404 PERMIT,CAMA PERMIT AND/OR THE 401 WATER QUALITY
CERTIFICATION.
cc: Karen Higgins,NCDWQ Wetlands/401 Unit
Jamie Sherri, USACE-Raleigh;Todd Tugwell, USACE-Raleigh
Lauren Witherspoon-NCDWQ
Ben Wilson,agent
File
R.estor' ... E ... Protect Our Stag ©fin
NCDENR
North Carolina Ecosystem Enhancement Program, 1652 Mail Service Center, Raleigh, NC 27699-1652/919-715-0476/www nceep.net

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PROGRAM
RECEIPT
February 8 2012
Kyle Ward �
Spring Investors LLC
1000 Darrmgton Drive Ste 105
Cary NC 27513
Project New Hill Place(Phase 1)
County Wake
DWQ# 09 1346(as modified 2/7/2012)
COE# 2008 0967(as modified 2/7/2012)
EEP# 12059
Amount Paid $526 118 25
Check Number 1279& 1282
The North Carolina Ecosystem Enhancement Program(NCEEP)has received a check as indicated above as payment for the
compensatory mitigation requirements of the 401 Water Quality Certification/Section 404/CAMA Permit(s) issued for the
above referenced project This receipt serves as notification that your compensatory mitigation requirements assigned to
NCEEP associated with the authorized activity as specified below have been satisfied You must also comply with all other
conditions of this certification and any other state federal or local government permits or authorization associated with this
activity including SL 2009 337 An Act to Promote the Use of Compensatory Mitigation Banks as amended by
S L 2011 343
The NCEEP by acceptance of this payment acknowledges that the NCEEP is responsible for the compensatory mitigation
requirements indicated below associated with the project permit and agrees to provide the compensatory mitigation for this
phase as specified in the permit Mitigation responsibility assigned to the NCEEP is nontransferable The mitigation will be
performed in accordance with the N C Department of Environment and Natural Resources Ecosystem Enhancement
Program In Lieu Fee Instrument dated July 28 2010 When the perm►ttee is ready to make payment for the next phase
of this project please contact EEP s ILF Coordinator to request an updated invoice
River Basin Stream Credits Wetland Credits Buffer I&II
HUC (linear feet) (acres) (Sq Ft)
Cold Cool Warm Ri arian Non Riparian Coastal Marsh
Cape Fear 0 0 1 278 125 0 0 0
03030004
Refunds of payments made to NCEEP are only approved under certain conditions All refund requests must be submitted in
accordance with EEP s refund policy at www nceep net If you have any questions or need additional information please
contact Kelly Williams at(919)716 1921
Sincerely
Michael Ellison
Deputy Director
cc Karen Higgins NCDWQ Wetlands/401 Unit
Jamie Shem USACE Raleigh Todd Tugwell USACE Raleigh
Lauren Witherspoon Ian McMillan NCDWQ
Ben Wilson agent
File
R.P.StDYI.K� F Pr'Ote " Our fta t& Q N
North Carolina Ecosystem Enhancement Program 1652 Mad Service Center Raleigh NC 27699 1652/919 715 0476/www nceep net