R-2828 Bank letters_Poplar Creek_SAW-2016-01985 Poplar Creek Initial Credit Release

DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
69 DARLINGTON AVENUE
WILMINGTON, NORTH CAROLINA 28403-1343
June 26, 2019
Regulatory Division/1200A
Action ID No. SAW-2016-01973
Re: Initial Credit Release associated with Neu -Con Umbrella Mitigation Bank, Poplar Creek
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, Poplar Creek
Mitigation Site, located between 538-848 Lee Youngblood Loop, Smithfield, Johnston County,
North Carolina; within the Poplar Creek watershed in 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 Poplar Creek Final Mitigation Plan dated November 2018 and approved February 11,
2019, 15 percent of the mitigation site's total restoration and enhancement stream credit shall be
available for sale immediately upon completion of all of the following:
a. Approval of the final mitigation plan (February 11, 2019);
b. Issuance of the 404 permit authorization for construction of the site (February 11,
2019);
c. Delivery of the executed financial assurance documents as described in Section III (F)
of the UMBI and Section 13, Page 45 of the Poplar Creek Mitigation Site Final
Mitigation Plan, dated November 2018 and approved February 2019; and
d. Recordation of the Corps -approved site protection mechanism described in Section III
(G) of the UMBI, and Appendix C of the Poplar Creek Mitigation Site Final Mitigation
Plan, dated December 2018 and approved February 2019, 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 588.9 stream mitigation units (SMU's), constituting 15 percent of the
mitigation site's total restoration and enhancement stream credits (3926 SMUs), 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,
LASTINGERJAM Digitally signed by
LASTI NGER.JAM ES.C.136364
ES.C.136364240 2400
Date: 2019.06.26 08:43:14
0-04'00'
Jean B. Gibby
Chief, Raleigh Regulatory Field Office
Regulatory Division
Electronic Copies Furnished:
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