20160981 Ver 1_Year 1 Monitoring Credit Release_20200225

\I� DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
69 DARLINGTON AVENUE
- WILMINGTON, NORTH CAROLINA 28403-1343
REPLY TO February 25, 2020
ATTENTION OF:
Regulatory Division/1200A
Action ID No. SAW-2016-01973
Re: Year 1 Monitoring Credit Release associated with the Neu -Con Umbrella Mitigation
Bank, Uzzle 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, Uzzle
Mitigation Site, located at 105 Meta Drive, near Clayton, in Johnston County, North
Carolina; within the Little Poplar Creek watershed in the Upper Neuse Cataloging Unit
(03020201). The purpose of this letter is to confirm the release of stream restoration and
enhancement credits associated with the Year 1 Monitoring activities for this project.
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 Uzzle Creek Final Mitigation Plan (Plan) dated December
2018 and approved February 11, 2019; and the Uzzle Mitigation Site —Year 1 Monitoring
Report dated January 2020, 10 percent of the mitigation site's total restoration and
enhancement credits shall be available for sale provided the Year 1 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 1 Monitoring credit release, and 287.6 stream mitigation units
(SMUs) are now available for sale. To date, 1150.4 SMUs (40 percent of the total
restoration and enhancement credits) have been released for sale.
Please be aware that the Long Term Maintenance and Monitoring Performance Bond
will expire on December 11, 2020. 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 questions regarding this letter, please contact Samantha Dailey, Raleigh
Regulatory Field Office at Samantha.J.Dailey(o)-usace.army.mil or telephone (919) 554-
4884, Extension 22.
Sincerely,
Digitally signed by
LASTINGER.JAME LASTINGER.JAMES.C.13636424
00
S.C.1363642400 Date: 2020.02.2512:29:15
-05'00'
for Jean B. Gibby
Chief, Raleigh Regulatory Field Office
Regulatory Division
Electronic Copies Furnished:
NCIRT Distribution List