HomeMy WebLinkAbout20201245 Ver 1_Buffer SOA - Horton Park Residential_20211013fires
EBX Buffer Mitigation Banks
Statement of Availability October 13, 2021
NC Division of Water Resources
Collen Cohn
512 N. Salisbury St.
Archdale Building, 9th floor
Raleigh, NC 27604
Re Project: Horton Park Residential
This document confirms that the MFW Investments, LLC (Applicant) for the Horton Park Residential
(Project) has expressed an interest to utilize 8,849.00 Square Feet of Riparian Buffer Mitigation
Credits from one or both of the following banks, EBX-Neuse I, LLC Neuse Riparian Buffer Umbrella
Mitigation Bank or EBX Upper Neuse Riparian Buffer Umbrella Mitigation Bank. Specific bank sites
that will be debited will either be Buffalo Branch, Bucher, Selma Mill, Cedar Grove, Polecat, Stone
Creek, Hannah Bridge, Meadow Spring, Poplar Creek, Uzzle and/or Hatley, all located in HUC
03020201. As the official Bank Sponsor, EBX-Neuse 1, LLC and EBX, attests to the fact that mitigation
is available for reservation at this time.
These mitigation credits are not considered secured, and consequently are eligible to be used for alternate
purposes by the Bank Sponsor, until payment in full is received from the Applicant resulting in the
issuance of a Mitigation Credit Transfer Certificate by the bank acknowledging that the Applicant has
fully secured credits from the bank and the Banker has accepted full responsibility for the mitigation
obligation requiring the credits/units.
The Banker will issue the Mitigation Credit Transfer Certificate within three (3) days of receipt of the
purchase price. Banker shall provide to Applicant a copy of the Mitigation Credit Transfer Certificate and
a documented copy of the debit of credits from the Bank Official Credit Ledger(s), indicating the permit
number and the resource type secured by the applicant. A copy of the Mitigation Credit Transfer
Certificate, with an updated Official Credit Ledger will also be sent to regulatory agencies showing the
proper documentation.
Please contact me at 919-209-1075 or cparkergres.us if you have any questions or need additional
information.
Best Regards,
Caitlan B. Parker
Resource Environmental Solutions, LLC
701 E. Bay Street, Suite 306
Charleston, SC 29403
Bank Sponsor — EBX-Neuse I, LLC or Environmental Banc & Exchange (EBX)