20130184 Ver 1_SAW-2012-02073 YR 1 Credit Release_20191122

Strickland, Bev
From: Dailey, Samantha J CIV USARMY CESAW (USA) <[e-mail]>
Sent: Friday, November 22, 2019 1:12 PM
To: Rich Mogensen
Cc: Tugwell, Todd J CIV USARMY CESAW (US); Kim Browning; Haupt, Mac; Davis, Erin B;
Wilson, Travis W.; Bowers, Todd
Subject: [External] SAW-2012-02073 / Mogensen Mitigation, LLC / Tar River Headwaters
Stream Mitigation Bank / Year 1 Monitoring Credit Release
Attachments: SAW-2012-02073 Tar River Headwaters YR 1 Credit Release.pdf
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Good afternoon Rich,
Attached is the Year 1 Monitoring credit release letter for the:
SAW-2012-02073 / Mogensen Mitigation, LLC / Tar River Headwaters Stream Mitigation Bank / Person County
Please let me know if you have any questions.
Sincerely,
Sam
Samantha Dailey
Regulatory Project Manager
U.S. Army Corps of Engineers
Regulatory Division
3331 Heritage Trade Drive, Suite 105
Wake Forest, NC 27587
[phone], Ext. 22
[e-mail]
1

DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
69 DARLINGTON AVENUE
WILMINGTON, NORTH CAROLINA 28403-1343
November 22, 2019
Regulatory Division/1200A
Action ID No. SAW-2012-02073
Re: Year 1 Monitoring Credit Release associated with the Tar River Headwaters Stream
Mitigation Banking Instrument, Tar Rivers Headwaters Stream Mitigation Bank
Mr. Rich Mogensen
Mogensen Mitigation, LLC
Post Office Box 690429
Charlotte, North Carolina 28277
Dear Mr. Mogensen:
This correspondence is in reference to the Tar River Headwaters Mitigation Bank, located off
Bunnie Huff Road, approximately 23 miles northeast of Oxford, in Person County, North
Carolina. The site includes unnamed tributaries that flow into the Tar River Cataloging Unit
(03020101). The purpose of this letter is to confirm the Year 1 monitoring credit release, which
also includes Year 1 adaptive management plan.
Pursuant to the Mitigation Banking Instrument (UMBI) entitled, Tar River Headwaters Stream
Mitigation Bank, approved on January 27, 2017; the site -specific Tar River Headwaters Stream
Mitigation Bank, approved on February 13, 2017; the Year 1 Monitoring Report dated November
2018; and the Adaptive Management Plan dated September 2019, ten percent (10%) of the
mitigation site's total restoration and enhancement credits shall be available for sale provided the
first year monitoring report, and adaptive management plan, demonstrates interim performance
standards are being met.
By copy of this correspondence, we confirm that you have satisfied the above requirements for
the Year 1 Monitoring credit release; and 196.5 stream mitigation units (SMUs) constituting 10%
of the mitigation bank site's total restoration and enhancement credits are now available for sale.
To date, 40 percent (786 SMUs) of the total credits (1965 SMUs) have been released. Our records
indicate that 589.5 SMUs associated with this mitigation site have been debited as of November
22, 2019. Therefore, the current total amount of credits available for sale is 196.5 SMUs.

Thank you for your interest in restoring and protecting waters of the United States. If you have
questions regarding this letter, please contact Samantha Dailey, Raleigh Regulatory Field Office at
Samantha.J.Dailey(c,usace.army.mil or telephone [phone], Extension 22.
Sincerely,
GIBBY.JEAN.B.1 Digitally signed by
GIBBYJEAN.B.229783633
229783633 0500'019.11.2212:48:54
Jean B. Gibby
Chief, Raleigh Regulatory Field Office
Regulatory Division
Electronic Copies Furnished:
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