20100099 Ver 3_Release Partial #1_20151016

North Carolina Department of Environmental Quality
Pat McCrory
Governor
October 16, 2015
Mr. George Howard
Restoration Systems, LLC
1101 Haynes St, Ste 211
Raleigh, NC 27604
Donald R. van der Vaart
Secretary
DWR Project #: 2010- 00990
Wayne County
Re: Neuse Riparian Buffer and Nutrient Mitigation Umbrella Banking Instrument (UBI)
Pancho Bank Parcel Credit Release — Task 6 (PARTIAL)
Dear Mr. Howard:
On October 6, 2015, the Division of Water Resources (DWR) received a Year 3 Monitoring Report
from Restoration Systems, LLC (RS) for the Pancho Mitigation Bank. Overall, the site appears to be
doing well and on trajectory to meet the success criteria outlined in the UBI. There was no
recommendation in the report nor does DWR recommend to provide supplemental planting at this time.
The monitoring bond ( #22BSBGQ8686) for this site will expire on January 14, 2016, and must be
renewed through the Year 4 monitoring period in order to receive a full credit release. Therefore, DWR
is issuing half of the credit release, with the remaining five percent (5 %) credit release due at the time
RS submits a bond renewal to cover the costs associated with monitoring and maintenance.
According to the UBI signed on March 17, 2008, the following additional Project Milestones have been
met, and the corresponding credits shall be released:
Task/Milestones
6) Approval of Monitoring Report Year 3
Credit
5%
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for the
above - referenced tract and 5% of your Neuse riparian buffer credits (0.05 x 218,671.2 ft' = 10,933.56
ft') are now available for sale. Additionally, 5% of your nitrogen nutrient offset credits (0.05 x
25,753.31 lb-N = 1,287.66 lb -N) are now available for sale. Please update your credit ledgers
accordingly.
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 Watershed. Additionally, the riparian
buffer credits must be used for impacts in the Neuse River Basin according to guidelines in
15A NCAC 02B .0295, which became effective on October 24, 2014.
401 and Buffer Permitting Unit
1617 Mail Service Center, Raleigh, North Carolina 27699 -1617
Location: 512 N. Salisbury St. Raleigh, North Carolina 27604
Phone: [phone] \ FAX: [phone]
Intemet: www.ncwaterquality.org
An Equal opportunity 1 Affirmative Action Employer— Made in part by recycled paper

Restoration Systems, LLC
October 16, 2015
Page 2 of 2
Please feel free to call Katie Merritt at (919) 807 -6371 if you have any questions regarding this
correspondence.
Sincerely,
n Higgins, Supervisor
401 and Buffer Permitting Uni
cc:File Copy (Katie Merritt)
Raymond Holz — Restoration Systems, LLC (via electronic mail)