R-2828 Bank letters_Cedar Grove_Cedar Grove MY4 Credit 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-2012-00294
Re: Year 4 Monitoring Credit Release associated with Neu -Con Umbrella Mitigation Bank, Cedar
Grove 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, Cedar Grove
Mitigation Site, located northwest of the intersection of Dade Store Road and Rick Road, north of
Hillsborough, in Orange County, North Carolina. The mitigation site is adjacent to the East Fork
of the Eno River within the Neuse River Basin, Hydrologic Unit Code (HUC) 03020201. The
purpose of this letter is to confirm the release of stream restoration credits associated with Year 4
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; the site -specific Cedar Grove Mitigation Site Final Mitigation Plan dated
December 2013, and the Cedar Grove Year 4 Monitoring Report dated September 2018, 10
percent of the mitigation site's total restoration credits shall be available for sale provided the Year
4 Monitoring Report demonstrates interim performance standards are being met.
Based on information provided in the Year 4 Monitoring Report, along with an on -site field
verification conducted on October 10, 2018, the upper 2 ponds of UT2-A are trending towards
their success criteria by demonstrating a single thread stream channel. In addition, the areas
containing beaver dams have been removed and ponding has subsided. As such, the 61.4 stream
mitigation units (SMUs) withheld in abeyance with the Year 3 Monitoring Report credit release
are now available for sale.

By copy of this correspondence, we confirm that 61.4 SMUs from Year 3 and 686.20 SMUs
from Year 4 are now available for sale; totaling 747.6 SMUs. To date, 70 percent (4803.4 SMUs)
of the total credits (6862 SMUs) have been released. Our records indicate that 4055.8 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 747.6 SMUs.
Please be aware that the Long Term Maintenance and Monitoring Performance Bond for the
Cedar Grove 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. During the on -site field
verification, multiple areas of bank erosion were observed, and determined to be directly related to
the recent Hurricane Florence storm event. An adaptive management plan should be submitted
prior to or concurrent with the Year 5 Monitoring Report, demonstrating that all repairs are
complete and stable.
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 GIBBY.JEAN.B.1229783633
` I DN: c=US, o=U.S. Government, ou=DoD,
ou=PKI, ou=USA, cn=GIBBY.JEAN.6.1229783633
Date: 2018.10.11 14:03:00-04'00'
Jean B. Gibby
Chief, Raleigh Field Office
Regulatory Division
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