20052146 Ver 5_More Info Received_20091013

Mcmillan, Ian
From: Noelle Winstead [[e-mail]]
Sent: Tuesday, October 13, 2009 5:40 PM
To: Mcmillan, Ian
Subject: FW: SeaWatch
Attachments: Stone Farm Mitigation Acceptance Letter.pdf
First, thank you again.
There is a small problem though. The 401 is for 2.29 acres of wetland impacts but only 2.05 acres are proposed. That is
the big thing, the other is what I tried to prevent. We are paying Stone Farm, not EEP. That is why I sent the attached to
make sure you caught this.
Can you revise? I imagine the 12 copies already went out...
From: Noelle Winstead
Sent: Friday, October 02, 2009 1:00 PM
To: Ian McMillan
Subject: SeaWatch
Ian,
Will have the letter and marked up map shortly but want to make sure that you are referencing Stone Farm for mitigation,
not EEP.
This letter was copied to your office but who knows.
Thanks,
Noelle
STONE FARM REGIONAL MITIGATION BANK
CREDIT REQUEST ACCEPTANCE
Date: June 29, 2009
Coastal Communities, Inc Stone Farm Mitigation Bank, LLC
131 Ocean Blvd West 11 Causeway Drive
Holden Beach, NC 28462 Ocean Isle Beach, NC 28469
Project Name: Seawatch at Sunset Harbor
Expiration of Acceptance: December 29, 2009
SFMB Number: 003
Dear Mr Sheldon Tucker:
The purpose of this letter is to notify you that the Stone Farm Regional Mitigation Bank (Bank) is willing to
accept payment for Impacts associated with the above referenced project, Please note that this decision
does not assure that the payment will be approved by the permit issuing agencies as mitigation for project
impacts. It is the responsibility of the applicant to contact these agencies to determine if payment to the
Bank will be approved. It is also the responsibility of the applicant to determine the appropriate credit ratios
that will be required for the corresponding wetland and/or stream impacts. You must also comply with all
other state, federal or local government permits, regulations or authorizations associated with the proposed
activity.
This acceptance is valid for six (6) months from the date of this letter and is not transferable. If we have not
received payment for the accepted credits of the Issued 404 Permit/401 Certification/LAMA permit
within this time frame, this acceptance will expire. Predicated on the total payment due to the Bank, as
set forth herein, a ten (10) percent non-refundable deposit is due at the time of acceptance by the Bank, It is
the applicant's responsibility to send copies of their permits to the Bank. Once the Bank receives a copy of
the permit(s), an invoice will be issued based on the Information identified below. Payment must be made
prior to conducting the authorized work. It is the applicant's responsibility to ensure that the credit types and
amounts identified below are consistent with the compensatory mitigation requirements of the permit(s)
issued. The Bank and/or its agents are not responsible for determining the applicant's mitigation
requirements.
Based on the information supplied by the applicant, the impacts that may require compensatory mitigation
are summarized in the following table:
CU Location Stream (ft,) Wetlands ac.
Riverine Non-Riverine
Impact 03040207 80 .25 180
Credits 80 .30 1,80
Note that the impact and credit totals above were provided by the applicant, It is the applicant's
responsibility to provide accurate information (including the requested mitigation credits), The Bank and/or
its agents are not responsible for determining the required credit amounts. The Bank's decision to accept
credits is based upon the information provided by the applicant. The Bank is not liable for any credit
shortage should the applicant's required mitigation credits exceed the amount specified in the above table.
Based upon the type and amounts of credits requested above, the following payment must be provided to
the Bank prior to Issuance of credits:
Credit Type Unit Per Unit Credit Fee Sub-Total
Stream 80 $355.00 $28,400.00
Non-Riverine Wetland 1.8 $47,300.00 $85,140.00
Riverine Wetland 0.3 $65,560.00 $19,668.00
Total Payment Due $133,208.00
Non-refundable Deposit $13,321
Balance Due Upon Invoice $119,887.00
Upon receipt of full payment, the Bank will take responsibility for providing the compensatory mitigation. If
the regulatory agencies require mitigation credits greater than indicated above, and should the applicant
want the Bank to provide such credits, it is the applicant's responsibility to submit an additional credit
request form to the Bank.
If you have any questions or need additional information, please contact Coleman Ramsey at [phone]
or dearaiders(a)aol.com.
Director
Stone Farm Mitigation Bank, LLC
cc: NCDWQ-Raleigh
USACE
NCDWQ-Local
Noelle Winstead - Cape Fear Engineering