20171292 Ver 1_Initial Credit Release (SAW-2017-01465)_20191223

Strickland, Bev
From: Kichefski, Steven L CIV USARMY CESAW (USA) <[e-mail]>
Sent: Monday, December 23, 2019 3:38 PM
To: Bradley Breslow
Cc: Haupt, Mac; Davis, Erin B; Byron Hamstead ([e-mail]); Bowers, Todd;
Munzer, Olivia; Wilson, Travis W.; Tugwell, Todd J CIV USARMY CESAW (US); Kim
Browning; Jones, M Scott (Scott) CIV USARMY CESAW (USA); Crumbley, Tyler A CIV
USARMY CESAW (USA); McLendon, C S CIV USARMY CESAW (USA)
Subject: [External] RES Yadkin 01 Umbrella Mitigation Bank Initial Credit Release for the
Compass Point Mitigation Site (SAW-2017-01465)
Attachments: SAW-2017-01465_RESYadkin01 UMB-CompassPoint_InitialCreditRelease_
23Dec2019.pdf
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Brad,
Please find attached the Initial Credit Release letters for the RES Yadkin 01 Umbrella Mitigation Bank: Compass Point
Mitigation Site (SAW-2017-01465). As requested, 15% credit is being released for satisfying the initial release
requirements pursuant to the Mitigation Banking Instrument (UMBI) entitled, Agreement to Establish the RES Yadkin 01
Umbrella Mitigation Bank, signed by USACE on November 25, 2019, and the Compass Point Final Mitigation Plan, dated
August 2019. In accordance with the plan, 624.20 stream mitigation units (SMU's) are now available for the Compass
Point Mitigation Site. Feel free to contact me with any questions.
This electronic copy is your official Department of the Army Notification.
Regards,
Steve Kichefski
Regulatory Project Manager
U.S. Army Corps of Engineers
Wilmington District, Asheville Field Office
151 Patton Avenue, Suite 208
Asheville, NC 28801
(828)-271-7980 Ext. 4234
The Wilmington District is committed to providing the highest level of support to the public. To help us ensure we
continue to do so, please complete the Customer Satisfaction Survey located at our website at
http://corpsmapu.usace.army.mil/cm_apex/f?p=136:4:0 to complete the survey online.

DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
151 PATTON AVENUE
ROOM 208
ASHEVILLE, NORTH CAROLINA 28801-5006
December 23, 2019
Regulatory Division
Re: Initial Credit Release of the RES Yadkin 01 Umbrella Mitigation Banking Instrument and
Compass Point Mitigation Site; SAW-2017-01465
Mr. Brad Breslow
Resource Environmental Solutions
302 Jefferson Street, Suite 110
Raleigh, North Carolina 27605
Dear Mr. Breslow:
This correspondence is in reference to the Compass Point Mitigation Site, part of the RES
RES Yadkin 01 Umbrella Mitigation Bank, located west of Pulliam Road, approximately 4.5
miles northeast of Booneville, in Yadkin County, North Carolina. The 16.5-acre project presents
5,304 linear feet (LF) of stream restoration and enhancement generating 4,130 Cool Stream
Mitigation Units (SMU) along three unnamed tributaries that drain directly to the Yadkin River
in the Upper Yadkin Watershed of the Upper Pee Dee River Basin (03040101). The purpose of
this letter is to confirm the initial release of credits for this mitigation site.
Pursuant to the Mitigation Banking Instrument (UMBI) entitled, Agreement to Establish
the RES Yadkin 01 Umbrella Mitigation Bank, approved December 4, 2019; and the site -specific
Compass Point Final Mitigation Plan dated August 2019, fifteen percent (15%) of the mitigation
site's total restoration and enhancement credits shall be available for sale immediately upon
completion of all the following:
a. Execution of the MBI by the Sponsor, the Corps, and other agencies eligible for
membership in the IRT who chose to execute the agreement.
b. Approval of the Final Mitigation Plan.
c. The mitigation site must be secured.
d. Delivery of the executed financial assurance documents as described in Section IX of the
UMBI and Section 13, page 45 of the Compass Point Final Mitigation Plan, dated August
2019 and approved December 2019.
e. Recordation of the Corps -approved site protection mechanism described in Section X of
the UMBI, and Appendix C of the Compass Point Final Mitigation Plan, dated August
2019 and approved December 2019, including a title opinion covering the property.
f. Issuance of the 404-permit authorization for site construction.

By copy of this correspondence, we confirm that you have satisfied the above
requirements for initial release for all parcels within the bank; and 624.20 SMU's constituting
15% of the mitigation site's total restoration and enhancement credits are now available for sale.
The site does not include any preservation credits.
Compass Point Initial Credit Release
SMU Type
t Site Total
Release %
SMU Release
Restoration/Enhancement
1 4,161.00
15%
624.20
Thank you for your time and cooperation. If you have any questions, please contact
Steve Kichefski at [phone] extension 4234.
Sincerely,
KICHEFSKI.STEVEN.L.13 Digitally signed by
for KICHEFSKI.STEVEN.L.1386908539
86908539 Date:2019.12.23 15:36:21-05-00-
Scott Jones, Chief
Asheville and Charlotte Regulatory Field Offices
Electronic Copies Furnished:
Todd Bowers — USEPA
Mac Haupt — NCDWR
Erin Davis — NCDWR
Byron Hamstead — USFWS
Olivia Munzer — NCWRC
Todd Tugwell — USACE
Kim Browning — USACE
Scott Jones - USACE