R-2828 Bank letters_Buffalo Branch_Buffalo Branch Task 6 MY4 Release 121919

\I DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
69 DARLINGTON AVENUE
- WILMINGTON, NORTH CAROLINA 28403-1343
REPLY TO
ATTENTION OF:
December 18, 2019
Regulatory Division/1200A
Action ID No. SAW-2014-02129
Re: Year 4 Monitoring Credit Release associated with Neu -Con Umbrella Mitigation
Bank, Buffalo Branch Mitigation Site
Mr. Brad Breslow
EBX-Neuse I, 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 Year 4 Monitoring credit release for this mitigation site.
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; the site -specific Buffalo Branch Final Mitigation
Plan dated April 2015; and the Buffalo Branch Mitigation Site Year 4 Monitoring Report
dated October 2019, 5 percent of the mitigation site's total restoration and enhancement
credits shall be available for sale provided the Year 4 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 4 Monitoring credit release, and 190.6 stream mitigation units
(SMUs) are now available for sale. To date, 2859 SMUs (75 percent of the total stream
restoration and enhancement credits) have been released for sale.
Please be aware that the Long Term Maintenance and Monitoring Performance Bond
will expire on January 26, 2020. 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 questions regarding this letter, please contact Samantha Dailey, Raleigh
Regulatory Field Office at Samantha.J.Dailey(a usace.army.mil or telephone (919) 554-
4884, Extension 22.
Sincerely,
GIBBY.JEAN. Digitally signed by
G I BBY.J EAN.B.122978
B.122978363 3633
Date: 2019.12.18
3 14:24:37-05'00'
Jean B. Gibby
Chief, Raleigh Field Office
Electronic Copies Furnished:
NCIRT Distribution List