R-2828 Bank letters_Hannah Bridge_Hannah Bridge Task 1 & Preservation 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-2015-01799
Re: Initial Credit Release associated with Neu -Con Umbrella Mitigation Bank, Hannah Bridge
Stream and Wetland 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, Hannah Bridge
Stream and Wetland Mitigation Site located in eastern North Carolina. Specifically, the site is
located along Green Pasture Road, near Four Oaks, Johnston County, North Carolina, within the
Hannah Creek watershed of the Upper Neuse Cataloging Unit (03020201). 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, Neu -Con Umbrella Wetland
Mitigation and Stream Restoration Bank, approved April 2, 2001 and amended April 10, 2009; the
site -specific Hannah Bridge Stream and Wetland Final Mitigation Plan dated March 2018 (with
supplemental information received May 2018) and approved June 27, 2018, 15 percent of the
mitigation site's total restoration and enhancement stream and wetland credits, and 100 percent of
the mitigation site's total preservation stream and wetland credits shall be available for sale
immediately upon completion of all of the following:
a. Approval of the final mitigation plan;
b. Issuance of the 404 permit authorization for construction of the site;
c. Delivery of the executed financial assurance documents as described in Section III (F)
of the UMBI and Section 14, Page 54 of the Hannah Bridge Stream and Wetland
Mitigation Site Final Mitigation Plan, dated March 2018; and
d. Recordation of the Corps -approved site protection mechanism described in Section III
(G) of the UMBI, and Appendix A of the Hannah Bridge Stream and Wetland
Mitigation Site Final Mitigation Plan, dated March 2018, including a title opinion
covering the property.

By copy of this correspondence, we confirm that you have satisfied the above requirements for
the initial credit release; and 846.9 stream mitigation units (SMU's) and 2.23 wetland mitigation
units (WMUs), constituting 15 percent of the mitigation site's total restoration and enhancement
credits (4466 SMUs and 10 WMUs) and 100 percent of the mitigation site's total preservation
credits (177 SMUs and 0.73 WMUs) are now available for sale.
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(c,usace.army.mil or telephone [phone], Extension 22.
Sincerely,
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Date: 2018.10.11 16:48:30-04'00'
Jean B. Gibby
Chief, Raleigh Regulatory Field Office
Regulatory Division
Electronic Copies Furnished:
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