Credit Release Task 2- CoxPond.docx

ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHARb E. ROGERS, JR.
Director
NORTH CAROLINA
Environmental Quality
March 16, 2023
John Hutton DWR Project #: 2020-1942v2
Wildlands Holdings III, LLC Wayne County
(via electronic mail: [e-mail] )
Re: Wildlands Neuse Umbrella Mitigation Banking Instrument (UMBI)
Cox Pond Bank Parcel Credit Release — Task 2
Dear Mr. Hutton:
On February 5, 2023, the Division of Water Resources (DWR) received documentation from
Wildlands Holdings III, LLC (Wildlands) that the Cox Pond site had been planted and constructed in
its entirety and monitoring plots had been installed. On February 27, 2023, staff with DWR, with
assistance from staff with Wildlands, inspected the site and confirmed that the subject site had been
adequately planted and that all monitoring plots were installed. Additionally, the conservation
easement boundary for the site was adequately marked and stream bank stabilization efforts had been
implemented. Wildlands did not seed the riparian restoration areas; however, as noted in the
approved Bank Parcel Development Package, "if herbaceous vegetation does not appear to grow
naturally, Wildlands will note the areas of deficiency and seed them in Spring of 2023 ".
DWR received a performance bond (#107612651) issued to Wildlands from Travelers Casualty and
Surety Company of America, in the amount of $150,000, to cover performance obligations for the
construction of the subject site. The term of this bond will remain in effect until DWR has provided
a written approval of the As -Built Report.
In accordance with the UMBI, signed on June 10, 2022, the following Project Milestones have been
met and the corresponding credits shall be released:
Task/Milestones Credit
2) All Mitigation activities, including riparian earthwork, Planting and 20%
Installation of monitoring devices completed, easement boundaries
adequately marked, all applicable permits obtained, site visit performed
by DWR
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract and therefore, 20% of the Neuse buffer Restoration credits (0.20 x
418,593 ft2 = 83,718.600 ft2) and 20% of the Nitrogen nutrient offset credits (0.20 x 27,175.007 lb-N
= 5,435.001 lb-N) are now available to sell. Additionally, 20% of the Neuse buffer Preservation
credits (0.25 x 1,066.103 ft2 = 213.221 ft2) are now available to sell.
North Carolina Department of Environmental Quality I Division of Water Resources
512 North Salisbury Street 1 1611 Mail Service Center I Raleigh, North Carolina 27699-1611
NOR1H CAROL Na 919.707.9000

Cox Pond Site
Wildlands
March 16, 2023
Please note that nutrient offset credits generated at this site must be used for impacts in HUC
03020201 of the Neuse River Basin excluding the Falls Lake Watershed pursuant to 15A NCAC
02B .0703, which became effective on April 1, 2020. Additionally, the riparian buffer credits
must be used for impacts in the Neuse River Basin in accordance with guidelines in the
Consolidated Buffer Mitigation Rule, 15A NCAC 02B .0295, which became effective on
November 1, 2015
Upon receipt of this correspondence, update all credit ledgers accordingly. Please feel free to call me
at [phone] if you have any questions regarding this correspondence.
Sincerely,
DocuSigned by:
A43C72700BD543E...
Katie Merritt
401 & Buffer Permitting Branch
cc:File Copy (Katie Merritt)
Camden Brunick (Wildlands) — via electronic mail
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