R-2828 Bank letters_Falling Creek_Falling Creek_Second Credit Release_Falling Creek Mitigation Bank_2015-00940

DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
69 DARLINGTON AVENUE
WILMINGTON, NORTH CAROLINA 28403-1343
July 3, 2018
REPLY TO
ATTENTION OF:
Regulatory Division/1200A
Action ID No. SAW-2015-00940
Re: Second Credit Release (As -Built Implementation) associated with Falling Creek Mitigation
Site
Mr. John Hutton
Wildlands Engineering, Inc.
312 West Millbrook Road, Suite 225
Raleigh, North Carolina 27604
Dear Mr. Hutton:
This correspondence is in reference to the Falling Creek Mitigation Site, part of the Falling
Creek Umbrella Mitigation Bank. The 260-acre site is adjacent to Falling Creek in the Upper
Neuse Cataloging Unit (03020201) and located northwest of the intersection of Grantham School
Road and Corbett Hill Road, in Wayne County, North Carolina. The purpose of this letter is to
confirm the second release of credits (As -Built Implementation) for this mitigation site.
Pursuant to the Umbrella Mitigation Banking Instrument (UMBI) entitled, Agreement to
Establish the Falling Creek Umbrella Mitigation Bank in Neuse River Basin Within the State of
North Carolina, approved February 28, 2017; the site -specific Falling Creek Final Mitigation Plan,
dated December 2016; and the Baseline Monitoring Document and As -Built Baseline Document
for the Falling Creek Mitigation Site, dated April 2018, fifteen percent (15%) of the mitigation
site's total stream and wetland restoration and enhancement credits shall be available for sale
immediately upon completion of all of the following:
a. Successful completion of all stream restoration and enhancement activities (As -Built
Construction) as described in the Plan, dated December 2016;
b. Successful completion of all planting activities as described in the Plan, dated
December 2016; and
c. Successful completion of easement fencing suitable for livestock exclusion as outlined
in the Plan, dated December 2016.
Please note that you must submit the financial assurance for monitoring in the form of a bond,
letter of credit, or casualty insurance by August 2, 2018. Failure to comply may lead to a

suspension in credit sales. Please also note that 2.03 acres of preservation wetland mitigation units
(WMUs) and 1.48 riparian WMUs associated with parcel 11 are being withheld from the credit
totals. Therefore, the revised total riparian WMUs for the Falling Creek Mitigation Site should be
25.49 WMUs.
By copy of this correspondence, we confirm that you have satisfied the above requirements for
the second release of credits (As -Built Implementation) for all parcels within the bank with the
exception of parcel 11. As such, 2708.19 stream mitigation units (SMUs), 3.8 riparian WMUs, and
0.21 non -riparian WMUs, constituting 15% of the mitigation bank site's total stream and wetland
credits are now available for sale. To date, 30 percent (5416.38 SMUs, 7.6 riparian WMUs, and
0.42 non -riparian WMUs) of the total stream and wetland restoration and enhancement credits
(18,056 SMUs, 25.49 riparian WMUs, and 1.4 non -riparian WMUs), and 100% of the total stream
and wetland preservation credits (840 SMUs and 29.2 riparian WMUs) have been released. Our
records indicate that 0 SMUs, 0.89 riparian WMUs, and 0.04 non -riparian WMUs associated with
this mitigation site have been debited as of July 3, 2018. Therefore, the current total amount of
credits available for sale is 6256.38 SMUs, 35.91 riparian WMUs, and 0.38 non -riparian WMUs.
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(i-�usace.army.mil or telephone [phone], Extension 22
Sincerely,
W I C KE R. H E N RY.I V I .J Digitally signed by
WICKER.HENRY.M JR.1229818267
DN: c=US, o=U.S. Government, ou=DoD, ou=PKI,
R.1229818267 Date: 2018.0 0513R7:59R0400R.1229818267
Henry Wicker
Deputy Chief, Regulatory Division
Electronic Copies Furnished:
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