R-2828 Bank letters_Buffalo Branch_Buffalo Branch MY3 Release 101118

DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
69 DARLINGTON AVENUE
WILMINGTON, NORTH CAROLINA 28403-1343
October 11, 2018
Regulatory Division/1200A
Action ID No: SAW-2014-02129
Re: Year 3 Monitoring Credit Release associated with Neu -Con Umbrella Mitigation Bank,
Buffalo Branch Mitigation Site
Mr. Brad Breslow
Resource Environmental Solutions, LLC
302 Jefferson Street, Suite 110
Raleigh, North Carolina 27605
Dear Mr. Breslow:
This correspondence is in reference to the Neu -Con Umbrella Mitigation Bank, Buffalo Branch
Mitigation Site, located on the north side of Little Divine Road, east of Live Oak Church Road,
approximately four miles north of Selma, in Johnston County, North Carolina. The mitigation site
is adjacent to unnamed tributaries that flow to Buffalo Branch in the Upper Neuse Cataloging Unit
(03020201). The purpose of this letter is to confirm the release of stream restoration and
enhancement credits associated with the Year 3 Monitoring activities for this project.
Pursuant to the Umbrella Mitigation Banking Instrument entitled, Neu -Con Umbrella Wetland
Mitigation and Stream Restoration Bank, approved April 2, 2001 and amended April 10, 2009 and
February 2, 2017; and the site -specific Buffalo Branch Final Mitigation Plan dated April 2015; the
Buffalo Branch Mitigation Site Year 3 Monitoring Report dated September 2018, 10 percent of
the mitigation site's total restoration credits shall be available for sale provided the Year 3
Monitoring Report demonstrates interim performance standards are being met.
By copy of this correspondence, we confirm that you have satisfied the above requirements for
the Year 3 Monitoring credit release; and 381.2 stream mitigation units (SMUs) constituting 10
percent of the mitigation bank site's total restoration and enhancement credits are now available
for sale. To date, 70 percent (2668.4) of the total credits (3812 SMUs) have been released. Our
records indicate that 2299.2 SMUs associated with this mitigation site have been debited as of
October 11, 2018. Therefore, the current total amount of credits available for sale is 381.2 SMUs.
Please be aware that the Long Term Maintenance and Monitoring Performance Bond for the
Buffalo Branch Mitigation Site will expire on January 26, 2019. Failure to submit financial
assurance prior to the expiration date may lead to a suspension in credit sales.

Thank you for your interest in restoring and protecting waters of the United States. If you have
any questions, please contact Samantha Dailey at [phone] extension 22.
Sincerely,
Digitally signed by GIBBYJEAN.B.1229783633
DN: c=US, o=U.S. Government, ou=DoD,
ou=PKl,ou=USA,
kl cn=GIBBY.JEAN.B.1229783633
Date: 2018.10.11 14:06:15-04'00'
Jean B. Gibby
Chief, Raleigh Regulatory Field Office
Regulatory Division
Electronic Copies Furnished:
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