20090858 Ver 3_Mitigation Bank Information_20150408

WDENR
North Carolina Department of Environment and Natural Resources
Pat McCrory
Governor
April 8, 2015
Mr. Thomas Rinker
EBX -EM, LLC
909 Capability Drive, Suite 3100
Raleigh, NC 27606
Donald R van der Vaart
Secretary
DWR Project # 09 -0858 v3
Orange County
Re: Cape Fear Riparian Buffer and Nutrient Mitigation Umbrella Banking Instrument
�Bn
Ivey Ferguson Bank Parcel Credit Release — Task 6 (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
6). At the site visit, EBX -EM, LLC (EBX) provided DWR with vegetation monitoring data
documenting the results of the Year 3 moiitoring.
According to the credit release letter dated September 5, 2014, Mr. Kulz determined that
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. These areas totaled 5.35 acres of buffer restoration that were
determined to not be successful. Corrective action was recommended to increase survival of
planted stems and supplemental planting was warranted prior to the remainder of credits being
released.
On April 7, 2015, Katie Merritt with the DWR, visited the subject site with Aaron Speaks with
EBX, now a subsidiary of Resource Environmental Solutions, LLC (RES), to confirm supplemental
plantings were implemented. According to information provided to Ms. Merritt from Mr. Speaks,
EBX planted about 3,000 stems across the 5.35 acre problem areas located within Conservation
Easement Areas 1, 4, and 5. Mr. Speaks also provided Ms. Merritt with a list of the species that
were planted. As a result of the site visit, Ms. Merritt was able to confirm that the site was
adequately replanted. However, it was also determined, that since Conservation Easement Areas 1,
4, and 5 required a substantial amount of replanting, additional monitoring may be warranted.
However, at this time, Ms. Merritt determined to evaluate this component when the Year 4
monitoring report is submitted.
Division of Water Resources - 401 and Buffer Permitting Unit
1617 Mail Service Center, Raleigh, North Carolina 27699 -1617
Location 512 N Salisbury St Raleigh, North Carolina 27604
Phone 919 - 807 -6300 \ FAX 919 - 807 -6494
Internet www ncwaterquality org
An Equal Opportunity \ Affirmative Action Employer — Made in part by recycled paper

According to the UBI, the following Project Milestones have been COMPLETED, and the
corresponding generated and delivered credits shall be released:
Milestones
Credit
Task 6) Submittal and Approval of the Year 3 Monitoring Report 10%
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
12,150.55 = 1,215.05 lb -N) and 10% of your generated phosphorus credits (0.1 x 783.24 = 78.32
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
• y
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, 10% of your delivered nitrogen offset credits (0.1 x 4,860.3 = 486.03 lb -N) and
10% of your delivered phosphorus credits (0.1 x 148.8 =14.88 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 feel free to contact Katie Merritt at (919) 807 -6371 if you have any questions regarding this
correspondence.
Sincerely,
" " 1� I
Karen Higgins, Sup or
4,01 & Buffer Permitting Unit
KAH /kym
cc:
File Copy - Katie Merritt
Cara Conder — EBX -EM, LLC (sent via electronic mail)