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Home My WebLink About20201366 Ver 2_2020 1366v2 Foy Farm Task 1 and 7 Credit Release Request Form_202402231101 Haynes St, Suite 211, Raleigh NC 27604 January 29, 2023 CREDIT RELEASE REQUEST FORM To: NCDEQ-DWR Nutrient Offset & Buffer Banking Coordinator From: Barrett Jenkins/barrett.jenkins@davey.com/512.230.0424 Through: Restoration Systems, LLC We formally request a credit release for the Foy Farm (2020-1366 v2) for completion of Task #1 and 7 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 #1 and 7 and are either pending review or have already been approved: RS Neuse 04 UBI, Foy Farm BPDP, recorded conservation easement and survey, and performance bond. Credits requested for release are detailed below: Credit Type % Release Credit Amount (include Units) Notes/Comments Buffer Restoration Buffer Preservation Buffer Enhancement Generated Nitrogen Nutrient Offset 25 26,713.84 lbs nitrogen offset credit Delivered Nitrogen Nutrient Offset (Jordan sites only) Generated Nitrogen Nutrient Offset Delivered Phosphorus Nutrient Offset (Jordan sites only) Signature: Attachments: 1) Approved Project Credit Table (BPDP), 2) Approved Credit Release Schedule (UMBI) P Bond emailed 8.24.2023 CE and MOR uploaded 1.29.24 Table 8. FOY FARM, NC‐DWR Project #2020‐1366v2, Project Credits Project Area N Credit Conversion Ratio (ft2/pound) P Credit Conversion Ratio (ft2/pound) Credit Type Location Subject? (enter NO if ephemeral or ditch 1) Feature Type Mitigation Activity Min‐Max Buffer Width (ft)Feature Name Total Area (ft2) Total (Creditable) Area of Buffer Mitigation (ft2) Initial Credit Ratio (x:1)% Full Credit Final Credit Ratio (x:1) Convertible to Riparian Buffer? Riparian Buffer Credits Convertible to Nutrient Offset? Delivered Nutrient Offset: N (lbs) Delivered Nutrient Offset: P (lbs) Nutrient Offset Rural No Ditch Restoration 0‐100 1b, 3b, 6b 245,689 1 100%No —Yes 12,820.380 — Nutrient Offset Rural No Ditch Restoration 101‐200 1b, 3b, 6b 402,739 1 33%No —Yes 21,015.459 — ——— Nutrient Offset Rural No In‐Line Pond Restoration 0‐100 1a, 3a, 5a, 8b 454,318 1 100%No —Yes 23,706.920 — Nutrient Offset Rural No In‐Line Pond Restoration 101‐200 1a, 3a, 5a, 8b 468,091 1 33%No —Yes 24,425.614 — ——— Nutrient Offset Rural Yes I / P Restoration 0‐100 1a, 4b, 4d, 5b, 6a, 7a 156,093 1 100%No —Yes 8,145.141 — Nutrient Offset Rural Yes I / P Restoration 101‐200 1a, 4b, 4d, 5b, 6a, 7a 320,840 1 33%—Yes 16,741.860 — ——— Nutrient Offset Rural No Ditch Maintenance ROW 3b 15,358 No —No —— Nutrient Offset Rural No Ditch Diffuse Flow 3b 4,350 No —No —— ——— ——— ——— ——— ——— ——— ——— ——— Totals (ft2):2,067,478 0 0.000 106,855.375 0.000 Total Buffer (ft2):00 Total Nutrient Offset (ft2):2,067,478 N/A Total Ephemeral Area (ft2) for Credit:00 Total Eligible Ephemeral Area (ft2):0 #DIV/0!Ephemeral Reaches as % TABM Enter Preservation Credits Below Total Eligible for Preservation (ft2):0 0.0%Preservation as % TABM Credit Type Location Subject? Feature Type Mitigation Activity Min‐Max Buffer Width (ft)Feature Name Total Area (sf) Total (Creditable) Area for Buffer Mitigation (ft2) Initial Credit Ratio (x:1)% Full Credit Final Credit Ratio (x:1) Riparian Buffer Credits Buffer — Buffer — Buffer — Buffer — Buffer — Preservation Area Subtotals (ft2):00 Square Feet Credits 0 0.000 0 0.000 0 0.000 0 0.000 Square Feet Credits Nitrogen:106,855.375 Phosphorus:0.000 Neuse 03020204 19.16394 N/A Restoration: Enhancement: Mitigation Totals 2,067,478 TOTAL AREA OF BUFFER MITIGATION (TABM) TOTAL NUTRIENT OFFSET MITIGATION Mitigation Totals Nutrient Offset: Preservation: Total Riparian Buffer: 1. The Randleman Lake buffer rules allow some ditches to be classified as subject according to 15A NCAC 02B .0250 (5)(a). last updated 08/03/2020 VIII.CREDIT RELEASE SCHEDULE A.Upon submittal of all appropriate documentation by the Sponsor, and subsequent approval by DWR, it is agreed that Nutrient Offset Credits associated with each Bank Parcel will become available to sell to a third party in accordance with the Credit Release Schedule in Table 3.0. Table 3.0 - Credit Release Schedule for Nutrient Offset Credits Task Project Milestone % Credit Available for Sale 1 Instrument and BPDP Approved by DWR, Conservation Easement Recorded*, Financial Assurance Posted 20 2 All Riparian Earthwork, Planting and Installation of Monitoring Devices Completed, Easement Boundaries adequately marked, and all applicable permits obtained. A site visit by DWR is required for this task. 20 3 Monitoring Financial Assurance Posted and Approval of As-Built Report 10 4 Monitoring Report #1: Approved by the DWR** & financial assurance renewed 10 5 Monitoring Report #2: Approved by the DWR** & financial assurance renewed 10 6 Monitoring Report #3: Approved by the DWR** & financial assurance renewed 10 7 Item B (1) of Section X in this Instrument has been completed and approved by DWR. 5 No remaining credits will be released until the conservation easement has been assigned to an approved land trust or stewardship 8 Monitoring Report #4: Approved by the DWR** & financial assurance renewed 5 9 Monitoring Report #5: Approved by the DWR** and final site visit by DWR has been conducted 10 Total 100% *For specification, please see Section V in this Instrument ** DWR Approval provided upon a determination that the site is meeting success criteria contained within the approved BPDP B.DWR may modify the credit release schedule based on the information submitted or the order in which required information is received. DWR will notify the Sponsor of any modification to the credit release schedule. C.Any major deviations to the Bank Parcel that were not authorized in writing by DWR prior to implementation may affect the amount of nutrient offset credits that will be generated by the Bank Parcel.