R-2828 Bank letters_Pancho_Pancho_Pancho_Credit Release VIII_Year 6 Monitoring

DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
69 DARLINGTON AVENUE
WILMINGTON, NORTH CAROLINA 28403-1343
November 2, 2018
Regulatory Division/1200A
Action ID No: SAW-2010-00142
Re: Year 6 Monitoring Credit Release associated with Pancho Stream and Wetland Umbrella
Mitigation Bank, Pancho Stream and Wetland Mitigation Bank
Mr. Worth Creech
Restoration Systems, LLC
1101 Haynes Street, Suite 211
Raleigh, North Carolina 27604
Dear Mr. Creech:
This correspondence is in reference to the Pancho Stream and Wetland Umbrella Mitigation
Bank, Pancho Stream and Wetland Mitigation Bank, located on the north and south sides of
Stevens Mill Road (NCSR 1008), northeast of Newton Grove and southwet of Princeton, Wayne
County, North Carolina. The mitigation site is adjacent to and including Kennedy Mill Branch,
within the Neuse River Basin, Hydrologic Unit Code (HUC) 03020201. The purpose of this letter
is to confirm the release of stream and wetland restoration credits associated with Year 6
Monitoring activities for this project.
Pursuant to the Umbrella Mitigation Banking Instrument entitled, Pancho Stream and Wetland
Mitigation Bank, approved April 26, 2012, and amended February 19, 2013; and the site -specific
Pancho Stream and Wetland Mitigation Bank dated March 2012, five percent (5%) of the
mitigation site's total stream restoration credits and ten percent (10%) of the mitigation site's total
wetland restoration credits shall be available for sale provided the Year 6 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 6 Monitoring credit release; and 421 stream mitigation units (SMUs) and 2.98 wetland
mitigation units (WMUs) are now available for sale. To date, 90% of the total SMUs (7,578.3) and
90% of the total WMUs (26.89) have been released. Our records indicate that 7,157.3 SMUs and
23.9396 WMUs associated with this mitigation site have been debited as of November 2, 2018.
Therefore, the current total amount of credits available for sale is 421 SMUs and 2.9804 WMUs.

Please be aware that the Long Term Maintenance and Monitoring Performance Bond for the
Pancho Stream and Wetland Mitigation Bank will expire on May 19, 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,
I Digitally signed by GIBBY.JEAN.B.1229783633
DN: c=US, o=U.S. Government, ou=DoD,
ou=PKl, ou=USA,
c n=G I B BY.J EA N. B.122978363 3
U
Date: 2018.11.02 11.48:26-04'00'
Jean B. Gibby
Chief, Raleigh Field Office
Regulatory Division
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