20161033 Ver 1_Forrest Creek SOA Waterstone 102716_20161031

pres
EBX-EM,LLC Forrest Creek Bank
Statement of Availability October 27,2016
U.S.Army Corps of Engineers
Ms. Samantha Dailey
Raleigh Regulatory Field Office
3331 Heritage Trade Center, Suite 105
Wake Forest,NC 27587
Re Project: Waterstone
This document confirms that Lennar Carolinas,LLC (Applicant) for the Waterstone(Project)has
expressed an interest to utilize 63 Stream Mitigation Credits from the EBX-EM sponsored Forrest
Creek Mitigation Bank, specifically the Forrest Creek UT-2 Site in the Neuse HUC 03020201.As the
official Bank Sponsor, EBX-EM, attests to the fact that mitigation is available for reservation at this time.
These mitigation credits are not considered secured, and consequently are eligible to be used for alternate
purposes by the Bank Sponsor,until payment in full is received from the Applicant resulting in the
issuance of a Mitigation Credit Transfer Certificate by the bank acknowledging that the Applicant has
fully secured credits from the bank and the Banker has accepted full responsibility for the mitigation
obligation requiring the credits/units.
The Banker will issue the Mitigation Credit Transfer Certificate within three (3)days of receipt of the
purchase price.Banker shall provide to Applicant a copy of the Mitigation Credit Transfer Certificate and
a documented copy of the debit of credits from the Bank Official Credit Ledger(s), indicating the permit
number and the resource type secured by the applicant. A copy of the Mitigation Credit Transfer
Certificate,with an updated Official Credit Ledger will also be sent to regulatory agencies showing the
proper documentation.
If any questions need to be answered,please contact me at 919-209-1052.
Best Regards,
04,,V— A
Cara S. Conder
Resource Environmental Solutions, LLC
302 Jefferson Street, Suite 110
Raleigh,NC 27605