20090858 Ver 3_UBI Amended Credit Release_20130204

Ach
h ICS R
North Carolina Department of Environment and Natural Resources
Division of Water Quality
Pat McCrory Charles Wakild, P.E. John E. Skvarla, III
Governor Director Secretary
February 4, 2013
Mr. Thomas Rinker
EBX -EM, LLC
909 Capability Drive, Suite 3100
Raleigh, NC 27606
DWQ Project # 09 -0858 v3
Orange County
Re: Cape Fear Riparian Buffer and Nutrient Mitigation Umbrella Banking Instrument (UBI)
Ivey Ferguson Bank Parcel AMENDED Credit Release
Dear Mr. Rinker:
On October 1, 2010, the Division of Water Quality (DWQ) received a Bank Parcel Development
Package (BPDP) for the Ivey Ferguson Bank Parcel in Orange County, North Carolina. On April 5,
2012, at the request of Katie Merritt with DWQ, EBX -EM, LLC submitted a revised BPDP depicting a
name change to the bank sponsor from Mid - Atlantic Mitigation to EBX -EM, LLC. On September 6,
2012, DWQ received documentation showing that the site work had been completed and monitoring
plots had been established on the subject site. As allowed in the UBI, EBX -EM, LLC elected to
construct the project without obtaining a Performance Bond. On January 18, 2013, DWQ received a
conservation easement. On January 24, 2013, DWQ submitted a credit release letter releasing 40% of
the site's available "generated" nitrogen and phosphorous offset credits. This credit release letter has
been amended to also show the amount of "delivered" nitrogen and phosphorous offset credits that are
available now for sale. Please replace the letter dated January 24, 2013 with this one, and update your
credit balances accordingly to show both generated and delivered nutrient offset credits.
According to the UBI, the following Project Milestones have been met, and the corresponding generated
and delivered credits shall be released:
Milestones Credit
Task 1) BPDP Approved by DWQ, Conservation Easement recorded & 20%
Construction Completed as delivered in Task 2
Task 2) Mitigation Site Earthwork, Planting and Installation of 20%
Monitoring Devices Completed
By copy of this correspondence, DWQ confirms that you have satisfied the above requirements for the
above - referenced tract. Therefore, 40% of your generated nitrogen offset credits (0.4 z 23,129.23 =
Wetlands, Buffers, Stormwater Compliance & Permitting Unit
1650 Mail Service Center, Raleigh, North Carolina 27699 -1650
Location: Archdale Bldg., 9th Floor, 512 N. Salisbury St, Raleigh, NC 27604
Phone: [phone] FAX: [phone]
Internet: httpJ/ portal. nodenr .org /WebAvq/swptws/webscape
An Equal Opportunity \ Affirmative Action Employer
No a hCarolina
)atura!!

EBX -EM, LLC. -
Page 2 of 2
February 4, 2013
9,251.69 lb -N) and 40% of your generated phosphorus credits (0.4 x 1,489.70 = 595.88 lb -P) are`now
released. Generated credits are credits that have not been applied to the appropriate delivery factor.
The delivery factors applied to this bank due to its location in the 14 -digit HUC 03030002060070 are
40% for nitrogen and 19% for phosphorous. Therefore, the total amounts of delivered nutrient offset
credits for this 10.18 acre site are 9,251.69 lb -N and 283.04 lb -P. By copy of this correspondence, 40%
of your delivered nitrogen offset credits (0.4 x 9,251.69 = 3,700.68 lb -N) and 40% of your delivered
phosphorus credits (0.4 x 283.04 = 113.221b -P) are now available for sale.
A total of 40% of the generated nitrogen credits (9,251.69 lb -N) and 40% of the generated phosphorous
credits (595.88 lb -P) have been released for this site. A total of 40% of the delivered nitrogen credits
(3,533.28 lb -N) and 40% of the delivered phosphorous credits (11.25 lb-P) have been released for this
site. Only the delivered nutrient offset credits can be sold from this bank.
Please note that nutrient offset credits delivered at this site must be used for impacts in the Upper
New Hope Arm of Jordan Lake within the Cape Fear River Basin. As a tool, DWQ has created a
document to assist the general public with locating delivery factors by 14 -digit Hydrologic Unit
Code (HUC). This document is attached to this letter and is referenced as "Attachment B" in
future correspondences.
As always, please copy DWQ on all correspondence related to credit sales.
Please feel free to contact Katie Merritt at (919) 807 -6371 if you have any questions regarding this
correspondence.
Sincerely,
Karen Higgins, Supery r
Wetlands, Buffers, Stormwater, Compliance and
Permitting Unit
KAH/kym
Attachments: Attachment B — Jordan Credit Yields Table-12-2012
cc:
File Copy - Katie Merritt
Copy — Tommy Cousins (sent via electronic mail)

. ,"
Jordan Water Supply Nutrient Strategy I Updated
Delivered Credit Yield Table for Jordan Sub Watersheds 12/20/2012
Page 1 of 2
Attachment B
Delivered credit yields for buffer acres in Jordan small watersheds.
Watershed ID
Jordan
Delivery Factors
TN Credit
TP Credit
Subwatershed
TN
TP
(Ibs /30yrs)
(Ibs /30yrs)
03030002010020
Haw
37%
36%
832.26
51.77
03030002010040
Haw
49%
44%
1102.19
63.27
03030002020010
Haw
15%
4%
337.40
5.75
03030002020030
Haw
48%
43%
1079.69
61.84
03030002020040
Have.
32%
33%
719.80
03030002020050
Haw
-3 z,
46.02
03030002020060
Haw_
47%
42% u.
] 057.200
03030002020070
Haw
-
54%
47%
1214.66
67.59
D
60%
03030002030020
Haw
44%
31%
989.72
44.58
RMTHMaw
_
562 34
_ _ 11_50.
03030002030040
42%
30%
944.73
43.14
62%
^ 1439.59
89.16 _... _.�
03030002030060
Haw
39%
19%
877.25
27.32
:!
18%
X09.77
-
2 g8
-
03030002030080
Haw
73%
64%
1642.04
--
9 2.0 4
:..
y
03030002040020
Haw
28%
14%
629.82
20.13
03030002040030
�T
03030002040040
Haw
32%
15%
719.80
21.57
1f6§17
71.90
03030002040060
Haw
54%
51%
1214.66
73.34
,2040070
'•u: � ,
60%
1507.07
86.28
030
5
3Q�2940090
Haw
1 51%
1214.66
73.34
03030002040100
Haw
75%
65%
1687.02
93.47
�2040110
�._
Haw
66% -_.__.�.�
-'�''
,..E. 1484.58
86.28
03030002050010
Haw
74%
68%
1664.53
97.79
03 03Q002050020
",
Haw_
81% W ,.
1821.98
106.42
03030002050030
Haw
42%
17%
944.73
24.45
26560'
a:
1799.49
104.98
Page 1 of 2

Jordan Water Supply Nutrient Strategy I Updated
Delivered Credit Yield Table for Jordan Sub Watersheds 12/20/2012
*Watershed is located in both the Upper New Hope (UNH) and Lower New Hope (LNH) Subwatersneos.
Page 2 of 2