20090858 Ver 3_Ivey REVISED Yr 3 Credit Rel. PARTIAL 9-5-14_20140905

Strickland, Bev
From: Kulz, Eric
Sent: Friday, September 05, 2014 10:54 AM
To: Strickland, Bev
Subject: FW: Jordan Credit Releases
Attachments: 09- 0858v3 Ivey REVISED Yr 3 Credit Rel. PARTIAL 9- 5- 14.pdf; 09- 0858v2 Carl LLoyd
REVISED Yr 5 Credit Release (Partial) 9- 5- 14.pdf
From: Kulz, Eric
Sent: Friday, September 05, 2014 10:43 AM
To: 'Cara Conder'
Subject: RE: Jordan Credit Releases
From: Cara Conder [mailto:caraCa)ebxusa.com]
Sent: Thursday, September 04, 2014 4:54 PM
To: Kulz, Eric
Cc: Matt Fisher
Subject: RE: Jordan Credit Releases
®k, so Ivey Ferguson looks good for P, but the N release is incorrect. You have 348.75 delivered N, but it should be
438.75 based on the generated amount of 1,096.87, which is correct for the 5.35 acre deduction. Please send us a
revised Ivey Ferguson letter too.
From: Kulz, Eric [mailto:eric.kulz @ncdenr.gov
Sent: Thursday, September 04, 2014 1:43 PM
To: Cara Conder; Tommy Cousins
Cc: Strickland, Bev; Merritt, Katie
Subject: Jordan Credit Releases
Cara
Please see attached correspondence regarding credit releases for the Carl Lloyd and Ivey- Ferguson parcels. Please note
both are partial credit releases as remedial action is necessary at both sites.
Please let me know if you have any questions.
Thanks!!
1

Eric W. Kulz
Environmental Senior Specialist
401 and Buffer Permitting Unit
NCDENR - Division of Water Resources - Water Quality Permitting Section
1617 MSC
Raleigh, NC 27699 -1617
Phone: [phone]
E -mail correspondence to and from this address may be subject to the North Carolina Public Records Law and may be
disclosed to third parties.

A��
NCDEEEM
North Carolina Department of Environment and
Division of Water Resources
Water Quality Programs
Pat McCrory Thomas A. Reeder
Governor Director
September 5, 2014
Mr. Thomas Rinker
EBX -EM, LLC
909 Capability Drive, Suite 3100
Raleigh, NC 27606
Natural Resources
John E. Skvarla, III
Secretary
DWR Project # 09 -0858 v3
Orange County
Re: Cape Fear Riparian Buffer and Nutrient Mitigation Umbrella Banking Instrument
(UBI)
REVISED Ivey - Ferguson Bank Parcel Credit Release Year 3 — Task 5 (PARTIAL)
Dear Mr. Rinker:
On August 26, 2014, Eric Kulz with the Division of Water Resources (DWR) visited the Ivey -
Ferguson site for the purpose of assessing the site for a credit release (Year 3 Credit Release —
Task 5). At the site visit, EBX provided DWR with vegetation monitoring data documenting the
results of the Year 3 monitoring.
Based on the monitoring data and the site visit, vegetation at the site was variable. Conservation
Easement #1 had sparse trees and the trees present were small, likely due to the dense growth of
fescue throughout this portion of the site. Conservation Easements #4 and #5 were very sparse,
and trees were quite small. Vegetation Plots #4 and #5, located in these areas, had stem counts
of 202 and 283 stems per acre, respectively. These areas total 5.35 acres of buffer restoration
that were determined to not be successful and are not approved for credit release at this time.
Corrective action is recommended to increase survival of planted stems and supplemental
planting is warranted.
According to the UBI, the following Project Milestones have been PARTIALLY met, and the
corresponding generated and delivered credits shall be released:
Milestones
Task 5) Submittal and Approval of the Year 3 Monitoring Data
401 and Buffer Permitting Unit
1650 Mail Service Center, Raleigh, North Carolina 27699 -1650
Location: 512 N. Salisbury St. Raleigh, North Carolina 27604
Phone: 919 -807 - 6300 \ FAX: [phone]
Internet: w .ncwaterquality.org
An Equal opportunity 1 Affirmative Action Employer
Credit
l0%*

Environmental Banc & Exchange, LLC
September 4, 2013
Page 2 of 2
*Release excludes credit generated from 5.35 acres of buffer restoration areas not meeting
performance standards.
By copy of this correspondence, DWR confirms that you have satisfied the above requirements
for the above - referenced tract. Therefore, 10% of your generated nitrogen offset credits (0.1 x
10.978.68 = 1,097.86 lb -N) and 10% of your generated phosphorus credits (0.1 x 706.46 =
70.65 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 phosphorus. Therefore, by copy of this
correspondence, 10% of your delivered nitrogen offset credits (0.4 x 1,097.86 = 439.02 lb -N)
and 10% of your delivered phosphorus credits (0.19 x 70.65 =13.42 lb-P) are now available for
sale. Please update your credit ledgers accordingly.
Please note that only the delivered nutrient offset credits can be sold from this bank and
used for impacts in the Upper New Hope Arm of Jordan Lake within the Cape Fear River
Basin.
As always, please copy DWR on all correspondence related to credit sales.
Please disregard the September 4, 2014 credit release letter, as this letter had a
mathematical error.
Please submit the completed Year 3 Monitoring Report once it is complete. The monitoring
report should include proposed remedial plans to address poor vegetation growth/survival in
Conservation Easements #1, #4, and #5.
Please feel free to contact Katie Merritt at (919) 807 -6371 if you have any questions regarding
this correspondence.
Sincerely,
O't�. P
Karen Higgins, Supervisor
401 & Buffer Permitting Unit
KAH/jab/ewk
cc:
File Copy - Katie Merritt
Tommy Cousins — EBX -EM, LLC (sent via electronic mail)