20100099 Ver 3_USACE Correspondence_20130618

QP . ; 2
IIL STiiF.S'U5
Regulatory Division
Action ID: SAW- 2010 -00142
Ms. Tara Disy Allden
Restoration Systems, LLC
1101 Haynes Street, Suite 211
Raleigh, North Carolina 27604
Dear Ms. Allden:
DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
Washington Regulatory Field Offioe
2407 West 51h Street
Washington, North Carolina 27889 -1000
June 12, 2013
►o -oogq v3
This correspondence is in reference to the Pancho Stream and Wetland Mitigation Bank you
are developing approximately 11 miles west - southwest of Goldsboro (35.33363N - 78.19267W)
on North Carolina State Road 1008 in and adjacent to Kennedy Mill Branch in Wayne County,
North Carolina, within the Neuse River Basin, Hydrologic Unit Code (HUC) 03020201. The
purpose of this letter is to confirm the release of credits from this Bank upon completion the
required tasks, as described in Section VII, of the Mitigation Banking Instrument (1V1B1) for this
project.
Pursuant to the Mitigation Banking Instrument (MBI) entitled, Pancho Stream and Wetland
Mitigation Bank, dated March 2012, fifteen percent (15 %) of the Bank's total restoration and
enhancement credits for streams and wetlands shall be available for sale immediately upon
completion of the following completion of all initial physical and biological improvements made
pursuant to the Mitigation Plan.
By copy of this correspondence, we confirm that you have satisfied the above requirements
and 1,132 stream credits and 4.45 riparian wetland credits, constituting 15% of the Bank's total
restoration and enhancement are now available for sale. These numbers reflect the corrections
required due to the modification of the proposed stream restoration work approved on February
19, 2013. Please confirm these totals on your mitigation bank ledger.
JUN 1 8 2013 I

Thank you for your time and cooperation. The Wilmington District is committed to
providing the highest level of support to the public. To help us ensure we continue to do so,
please complete the Customer Satisfaction Survey located at our website at
h 1p: / /re ury.usacesurvey.com/. If you have any questions, please contact
me at the Washington Regulatory Field Office, telephone 910 - 2514627.
Sincerely,
Tracey L. Wheeler
Regulatory Project Manager
Washington Regulatory Field Office
Copies Furnished:
Mr. Pete Benjamin
U.S. Fish and Wildlife Service
Post Office Box 33726
Raleigh North Carolina 27636 -3726
Mr. Todd Bowers
Wetlands and Marine Regulatory Section
Water Protection Division — Region IV
United States Environmental Protection Agency
61 Forsyth Street SW
Atlanta, Georgia 30303
Mr. John Ellis
United States Fish and Wildlife Service
Ecological Services - Raleigh Field Office
Post Office Box 33726
Raleigh, North Carolina 27636 -3726
Mr. David Cox
North Carolina Wildlife Resources Commission
1142 I -85 Service Road
Creedmoor, North Carolina 27522
Ms. Jennifer Burdette
Division of Water Quality
North Carolina Department of Environment and Natural Resources
Mail Service Center 1650
Raleigh, North Carolina 27699 -1650

May 17, 2013
Tracey L. Wheeler
Regulatory Project Manager
Washington Regulatory Field Office
U.S. Army Corps of Engineers —Wilmington District
2407 West Fifth Street
Post Office Box 1000
Washington, NC 27889 -1000
RE: SAW - 2010 -00142 — Pancho Wetland and Stream Mitigation Bank
Request for Credit Release
Dear Tracey:
Following submittal of the Pancho Monitoring Baseline Document and As -Built Report (5/13/2013) and
IRT site walkthrough (5/16/2013) and pursuant to the Pancho Stream & Wetland Mitigation Bank's
Mitigation Banking Instrument (as amended 2/19/2013) (Section VII, A &B), Restoration Systems herein
requests a release of 15 percent (15 %) of the Bank's as -built credits for both streams and wetlands.
Based on the as-built site measurements the requested credit release is 4.45 riparian wetland credits and 1,132
stream credits. The ledger showing these amounts is also enclosed. The requested stream credit release
includes a "pull back" of the preservation credits that were included in the initial release and was calculated as
follows:
• First release was 1,394. Accounting for as -built credits (8,419) and subtraction of
preservation credits (151.7), first 15% should now be corrected as follows:
o First release = 1,394
0 15% of 8,419 = 1,263
0 1St release preservation pull back = 131
• Requested post - construction release
0 15% milestone = 1,263 credits
o less 18t release P (131) = 1,132
A current ledger is attached. Please call me with any questions. I appreciate your work on this.
Best regards,
rvwa
Tara Disy Allden
1101 Haynes St., Suite 211 • Raleigh, NC 27604 • www.restorationsystems.com • Ph 919.755.9490 • Fx 919.755.9492

Pancho Wetland & Stream Mitigation Bank — Neuse 01 Service Area
Restoration Systems, LLC
Corps Action ID # SAW- 2010 -00142
DWQ #
MBI approved: 4- 12 -12; amended
Stream Credits
Preservation
Enhancement & Restoration
Riparian Wetland Credits
Preservation
Enhancement S Restoration
Credit Release Schedule
Task #
As -Built
o Wedand
Credit
Release
request
19- Feb-13
1 (5/17/2013)
8,282
8,419
8,282
anticipated
release date
30.00
29.90
0.1
0.1
29.90
29.80
Credit Release Schedule
Task #
Description
o Wedand
Credit
Release
wetland
Preservation
o Stream
Credit
Release
stream
Preservation
# Of
riparian
WMUs
# of SMUs
Release
Date
anticipated
release date
I
MBI execution, land protection,
financial assurances
15%
0.10
15%
0.00
4.59
1,394
4/26/2012
11
Construction w /Cor s site inspection
15%
15%
4.45
1,132
May-13
III
Year 1 Monitoring Report
10%
10%
2.98
842
Nov -13
IV
Year 2 Monitoring Report
10%
10%
2.98
842
Nov -14
V
Year 3 Monitoring Report
10%
5%
2.98
421
Nov -15
VI
I Year 4 Monitoring Report
10%
10%
2.98
842
Nov -16
VII
Year 5 Monitoring Report
10%
10%
2.98
842
Nov -17
VIII
Year 6 Monitoring Report
10%
5%
2.98
421
Nov -18
IX
Year 7 Monitoring Report
10%
10%
2.98
842
Nov -18
ante standard met n/a 10%
Total 100% 100%
n/a 842
9.90 8.419