20241386 Ver 1_Buffer SOA - 727 Holden Street_20241004

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Statement of Availability - Neuse 03020201 (Outside Falls)
EBX-Neuse I, LLC and Environmental Banc and Exchange (EBX)
Riparian Buffer Mitigation Banks
September 19, 2024
Copper Builders Triangle
Attn: Carla Duguay
1900 W Morehead St., Ste 102
Charlotte NC 28208
RE: Availability of Riparian Buffer Credits for the 727 Holden Street Project
Bank MBI/UMBI Name: RES Neuse Buffer and Nutrient Offset Umbrella Mitigation Bank, RES 2022 Phase II
Umbrella Mitigation Bank, Neuse Riparian Buffer and Nutrient Bank, and RES Poplar Creek Buffer & Nutrient
Offset Umbrella Mitigation Bank
Bank Site: See Table Below
Bank Sponsor: EBX-Neuse I, LLC and Environmental Banc & Exchange, LLC
Bank Site DWR Project #: See Table Below
Riparian Buffer Credits Needed: 2,500.00 SF
Riparian Buffer Credits Available: More than 2,500.00 SF
Bank's Credit Service Area: Neuse River Basin 03020201
EBX-Neuse I, LLC and Environmental Banc & Exchange, LLC has the above -mentioned Riparian Buffer Credits from one
or more of the mitigation bank parcels listed below to satisfy the anticipated buffer mitigation requirements related to
the above -mentioned project. The project is located within the service area HUC 03020201 where these Banks are
allowed to provide riparian buffer credits for buffer mitigation requirements.
BANK PARCEL
BANK SPONSOR
DWR PROJECT #
HUC #
Caraway Bluff
Environmental Banc & Exchange, LLC
2014-0820v6
03020201 (Outside Falls)
Poplar Creek
EBX-Neuse I, LLC
2016-0979v2
03020201 (Outside Falls)
Selma Mill
EBX-Neuse I, LLC
2020-0705v2
03020201 (Outside Falls)
Stone Creek
EBX-Neuse I, LLC
2016-0241v2
03020201 (Outside Falls)
Thunder Swamp
Environmental Banc & Exchange, LLC
2021-0306v2
03020201 (Outside Falls)
This letter is simply a statement of availability of credits as of the date written. We have the inventory as shown above;
however, this letter is not a guarantee of availability as credits will be sold on a first come, first served basis. An invoice for
this transaction will be sent upon your request, and we will formally reserve both the credits and per -credit pricing for a
period of 30 days from the date of invoice. Credits and pricing may be reserved for an extended period by signing a
reservation agreement and paying a 10% deposit.
Final transfer of the credits will be made upon receipt of a copy of the 401 Water Quality Certification and/or Buffer
Authorization Certificate from the NC Department of Environmental Quality- Division of Water Resources approving the
Riparian Buffer mitigation purchase from the Bank and upon receipt of your payment. We will then issue a mitigation
credit transfer certificate verifying your buffer credit purchase to the North Carolina Division of Water Resources and to
you for your records.
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We appreciate the opportunity to assist you with your buffer mitigation requirements. Please contact me at
919-209-1055, [e-mail] or [e-mail] if you have any questions or need further information.
Sincerely
V
Amy Staley IIJJ
Credit Sales Manager
cc: NCDEQ- Katie Merritt, Nutrient Offset & Buffer Banking Coordinator, Division of Water Resources
cc: NCDEQ- Zachary Thomas, Division of Water Resources
cc: Natural Resource Consultants- Jennifer Burdette