20160130 Ver 1_Credit Release Task 6_12-2019_20191213

ROY COOPER
Governor
MICHAEL S. REGAN
Secretary
LINDA CULPEPPER
Director
John Hutton
Wildlands Holdings V, LLC
312 West Millbrook Rd, Suite 225
Raleigh, NC 27609
NORTH CAROLINA
Environmental Quality
December 13, 2019
DWR Project #: 2016-0130
Re: North Fork Little River Mitigation Banking Instrument (MBI)
North Fork Little River Nutrient Offset & Buffer Bank
Credit Release— Task 6
Dear Mr. Hutton:
Durham County
On September 23, 2019, the Division of Water Resources (DWR) received a Year 3 Monitoring
Report from Wildlands Engineering, Inc. on behalf of Wildlands Holdings V, LLC (Wildlands), for
the subject site. Overall, site conditions appear to look good and vegetation data results show stem
densities higher than the required 260 stems/acre throughout most of the site. Additionally, no
concerns with invasive species or encroachment within the easement boundary were noted.
DWR received a bond rider and continuation certificate for the performance bond (#106608502)
issued to Wildlands in the amount of $40,000 to cover monitoring and maintenance at the subject
site. This bond expires upon DWR approval of the Year 4 Monitoring Report.
In accordance with the MBI signed on April 19, 2016 and modified on March 23, 2018, the
following Project Milestones have been met, and the corresponding credits shall be released:
Task/Milestones Credit
6) Monitoring Report #3: Approved by the DWR 10%
& financial assurance renewed
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract and 10% of your Neuse riparian buffer credits (0.10 x 605,484 ft2 =
60,548.40 ft2) are now available for sale. Additionally, 10% of your Nitrogen nutrient offset credits
(0.10 x 41,619 lb-N = 4,161.90 lb-N) and 10% of your Phosphorous nutrient offset credits (0.10 x
2,680.58 lb-P = 268.06 lb-P) are now available to sell.
Please note that nutrient offset credits generated at this site must be used for impacts in HUC
03020201 of the Upper and Lower Falls Watersheds as defined in 15A NCAC 02B .0276 within
the Neuse River Basin. Additionally, the riparian buffer credits must be used for impacts in
the Neuse River Basin according to guidelines in the Consolidated Buffer Mitigation Rule, 15A
NCAC 02B .0295, which became effective on November 1, 2015.
EO North Carolina Department of Environmental Quality I Division of Water Resources
512 North Salisbury Street 1 1617 Mail Service Center I Raleigh, North Carolina 27699-1617
919.

North Fork Little River Site
Wildlands
December 13, 2019
Please feel free to call Katie Merritt at [phone] if you have any questions regarding this
correspondence.
Sincerely,
I
c
Katie Merritt
401 & Buffer Permitting Branch
cc:File Copy (Katie Merritt)
Robert Bugg — Wildlands Holdings V, LLC (via electronic mail; rbugg_kwildlandseng com )
Page 212