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HomeMy WebLinkAbout20180181 Ver 1_SAW-2017-02527 Initial Credit Release Letter_20200420Strickland, Bev From: Dailey, Samantha J CIV USARMY CESAW (USA) <Samantha.J.Dailey@usace.army.mil> Sent: Monday, April 20, 2020 7:21 AM To: Adam McIntyre; Cara Conder Cc: Tugwell, Todd J CIV USARMY CESAW (US); Kim Browning; Haupt, Mac; Davis, Erin B; Wilson, Travis W.; Bowers, Todd; Merritt, Katie Subject: [External] SAW-2017-02527 / Water & Land Solutions, LLC / WLS Neuse 02 UMBI / Scarborough Mitigation Project / Initial Credit Release Letter Attachments: SAW-2017-02527 Scarborough Initial Credit Release.pdf Follow Up Flag: Follow up Flag Status: Completed External email. Do not click links or open attachments unless you verify. Send all suspicious email as an attachment to report.spam@nc.gov Good morning, Attached is the initial credit release letter for the: SAW-2017-02527 / Water & Land Solutions, LLC / WLS Neuse 02 UMBI / Scarborough Mitigation Project / Initial Credit Release Letter Please let me know if you have any questions. Best Regards and Stay Well, Sam Samantha Dailey Regulatory Project Manager U.S. Army Corps of Engineers Regulatory Division 3331 Heritage Trade Drive, Suite 105 Wake Forest, NC 27587 (919) 554-4884, Ext. 22 Samantha.i.dailey@usace.army.mil 1 DEPARTMENT OF THE ARMY WILMINGTON DISTRICT, CORPS OF ENGINEERS 69 DARLINGTON AVENUE WILMINGTON, NORTH CAROLINA 28403-1343 REPLY TO ATTENTION OF: April 17, 2020 Regulatory Division Action ID No. SAW-2017-02527 Re: Initial Credit Release associated with WLS Neuse 02 Mitigation Banking Instrument, Scarborough Mitigation Project Mr. Adam V. McIntyre Water & Land Solutions, LLC 7721 Six Forks Road, Suite 130 Raleigh, North Carolina 27615 Dear Mr. McIntyre: This correspondence is in reference to the WLS Neuse 02 Umbrella Mitigation Bank, Scarborough Mitigation Project, located near the intersection of Arrington Bridge Road and Casey Mill Road, in Goldsboro, Wayne County, North Carolina. The mitigation site is adjacent to and within the Neuse River Basin, Hydrologic Unit Code (HUC) 03020202. The purpose of this letter is to confirm the initial release of credits for this site. Pursuant to the Umbrella Mitigation Banking Instrument entitled, Agreement to Establish the WLS Neuse 02 Umbrella Mitigation Banking Instrument Within The State of North Carolina, approved on February 18, 2020; and the site -specific Final Mitigation Plan, Scarborough Mitigation Project dated November 2019, 15 percent of the mitigation site's total restoration and enhancement credits shall be available for sale immediately upon completion of all of the following: a. Execution of the MBI by the Sponsor, the Corps, and other agencies eligible for membership in the IRT who chose to execute the agreement (February 18, 2020); b. Approval of the final mitigation plan (February 18, 2020); c. Delivery of the executed financial assurance documents as described in Section IX of the UMBI and Section 12, Page 58, of the Final Mitigation Plan Scarborough Mitigation Project, dated November 2019; and d. Recordation of the Corps -approved site protection mechanism described in Section X of the UMBI, and Appendix D of the Final Mitigation Plan Scarborough Mitigation Project, dated November 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 1,635.45 stream mitigation units (SMUs) and 16.56 wetland mitigation units (WMUs) are now available for sale. This amount includes 15 percent of the total restoration and enhancement credits for the site. 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(a�-usace.army.mil or telephone (919) 554- 4884, Extension 22. Sincerely, -"*", 07- �__ Todd Tugwell Mitigation Project Manager Regulatory Division Electronic Copies Furnished: NCIRT Distribution List