R-2828 Bank letters_Selma Mill_Selma Mill Task 2 Credit Release 101118

DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
69 DARLINGTON AVENUE
WILMINGTON, NORTH CAROLINA 28403-1343
October 11, 2018
REPLY TO
ATTENTION OF:
Regulatory Division/1200A
Action ID No. SAW-2015-00710
Re: Second Credit Release (As -Built Implementation) associated with Neu -Con Umbrella
Mitigation Bank, Selma Mill Stream 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, Selma Mill
Stream Mitigation Site. The site includes unnamed tributaries that flow to the Neuse River in the
Upper Neuse Cataloging Unit (03020201) and is located north of the intersection of W. Chestnut
Street and NC Highway 96, north of Selma, in Johnston 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, Neu -Con Umbrella
Wetland Mitigation and Stream Restoration Bank, approved April 2, 2001, and amended on April
10, 2009; the site -specific Selma Mill Final Mitigation Plan dated August 2016 and approved
October 2016; and the Selma Mill Baseline Monitoring Document and As -Built Report dated June
2018, 15 percent of the mitigation site's total stream 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 August 2016;
b. Successful completion of all planting activities as described in the Plan, dated August
2016; and
c. Successful completion of easement fencing suitable for livestock exclusion as outlined
in the Plan, dated August 2016.
By copy of this correspondence, we confirm that you have satisfied the above requirements for
the second release of credits (As -Built Implementation). As such, 1095.75 stream mitigation units

(SMUs), constituting 15 percent of the mitigation bank site's total stream credits are now available
for sale. To date, 30 percent (2191.5 SMUs) of the total stream restoration and enhancement
credits (7305 SMUs) have been released. Our records indicate that 1095.1 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 1096.4 SMUs.
Please note that you must submit the financial assurance for monitoring in the form of a bond,
letter of credit, or casualty insurance by January 26, 2019. Failure to comply 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
questions regarding this letter, please contact Samantha Dailey, Raleigh Regulatory Field Office at
Samantha.J.Dailey(is usace.army.mil or telephone [phone], Extension 22
Sincerely,
Digitally signed by
GIBDN: c=JEA o=U.S29783633
DN: c=US, o=U.S. Government, ou=DoD,
ou=PK1, ou=USA,
cn=Gl BBY.J EAN.B.1229783633
Date: 2018.10.11 14:0859-04'00'
Jean B. Gibby
Chief, Raleigh Regulatory Field Office
Regulatory Division
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