20160847 Ver 2_Credit Release Request Form_C&B_MY4_20240212

3600 Glenwood Avenue, Suite 100
Raleigh, NC 27612

Corporate Headquarters
6575 West Loop South, Suite 300
Bellaire, TX 77401
Main: 713.520.5400

February 12, 2024
CREDIT RELEASE REQUEST FORM
To: NCDEQ-DWR Nutrient Offset & Buffer Banking Coordinator
From: Ryan Medric ([e-mail], 703.424.6313)
Through: Environmental Banc and Exchange-Neuse I, LLC (EBX-Neuse I, LLC)
We formally request a credit release for the Cloud and Banner Riparian Buffer and Nutrient
Offset Mitigation Site (DWR Project # 2016-0847 v2) for completion of Task #8: Monitoring
Report #4 per the approved credit release schedule, which is included in the Attachments with
this request. The following documents have been submitted to DWR for Task #8 and are
pending review:
1. Year 4 Monitoring Report, 2. Credit Release Schedule (PDF from UMBI), and 3. Approved
Credit Table (PDF from As-built Report)
Credits requested for release are detailed below:
Credit Type % Release Credit Amount (include Units) Notes/Comments
Buffer Restoration 5 7,970.976 sq ft
Buffer Preservation 5 303.045 sq ft
Buffer Enhancement
Generated Nitrogen Nutrient Offset 5 19.119 lbs
Delivered Nitrogen Nutrient Offset (Jordan sites only) 6.883 lbs
Generated Phosphorus Nutrient Offset 5 1.222 lbs
Delivered Phosphorus Nutrient Offset (Jordan sites only)
0.220 lbs
Signature:

BPDP:

As-Built:

Credit Release Schedule:

Mit Plan Credits 161,955.83 3,615.33 137.66 4.40
As-Built Credits 159,419.52 6,060.90 137.66 4.40
Credit Release #%Buffer Restoration Buffer Preservation Nitrogen Phosphorus Release Date
1 Instrument and BPDP Approved by DWR, Conservation Easement
Recorded* and Financial Assurance Posted 20%32,391.170 1,263.070 27.530 0.880 12/11/2019
2 Mitigation Site Earthwork, Planting and Installation of Monitoring
Devices Completed 20%32,391.170 1,263.070 27.530 0.880 7/14/2020
3 Monitoring Financial Assurance Posted and Approval of As-Built Report 10%14,800.600 491.600 13.770 0.440 11/12/2020
4 Monitoring Report #1: Approved by the DWR** & financial assurance
renewed 10%15,941.950 606.090 13.770 0.440 2/11/2021
5 Monitoring Report #2: Approved by the DWR** & financial assurance
renewed 10%15,941.950 606.090 13.770 0.440 2/25/2022
6 Monitoring Report #3: Approved by the DWR** & financial assurance
renewed 10%15,941.952 606.090 13.766 0.440 3/6/2023
7 Item B (1) of Section X in this Instrument has been completed and
approved by DWR.5%8,097.790 315.770 6.880 0.220 11/22/2019
8 Monitoring Report #4: Approved by the DWR** & financial assurance
renewed 5%7,970.976 303.045 6.883 0.220
9 Monitoring Report #5: Approved by the DWR** and final site visit by
DWR has been conducted 10%15,941.962 606.075 13.761 0.440
135,506.582 5,151.780 117.016 3.740 Credits Released to Date
Buffer Credit Release Schedule
Cloud and Banner (DWR Project #2016-0847v2)