20201190 Ver 1_Buffer SOA_20201006

EBX Buffer Mitigation Banks
Statement of Availability October 6, 2020

NC Division of Water Resources
Stephanie Goss
512 N. Salisbury St.
Archdale Building, 9th floor
Raleigh, NC 27604

Re Project: Chatham

This document confirms that Oak City Assets LLC (Applicant) for the Chatham (Project) has expressed
an interest to utilize 650.00 Square Feet of Riparian Buffer Mitigation Credits from one of the
following banks, EBX-Neuse I, LLC Neuse Riparian Buffer Umbrella Mitigation Bank, RES Neuse
Buffer and Nutrient Offset Umbrella Mitigation Bank, RES Poplar Creek Buffer & Nutrient Offset
Umbrella Mitigation Bank, or EBX Upper Neuse Riparian Buffer Umbrella Mitigation Bank. Specific
bank sites that may be debited are Buffalo Branch, Selma Mill, Cedar Grove, Hatley, Ezell, Hannah
Bridge, Stone Creek, Meadow Spring, Uzzle, Poplar Creek, Bucher and Polecat, all located in HUC
03020201. As the official Bank Sponsor, EBX-Neuse I, LLC and EBX, attests to the fact that mitigation
is available for reservation at this time.
These mitigation credits are not considered secured, and consequently are eligible to be used for alternate
purposes by the Bank Sponsor, until payment in full is received from the Applicant resulting in the
issuance of a Mitigation Credit Transfer Certificate by the bank acknowledging that the Applicant has
fully secured credits from the bank and the Banker has accepted full responsibility for the mitigation
obligation requiring the credits/units.
The Banker will issue the Mitigation Credit Transfer Certificate within three (3) days of receipt of the
purchase price. Banker shall provide to Applicant a copy of the Mitigation Credit Transfer Certificate and
a documented copy of the debit of credits from the Bank Official Credit Ledger(s), indicating the permit
number and the resource type secured by the applicant. A copy of the Mitigation Credit Transfer
Certificate, with an updated Official Credit Ledger will also be sent to regulatory agencies showing the
proper documentation.
Please contact me at 919-209-1075 or [e-mail] if you have any questions.
Best,

Caitlan B. Parker
Resource Environmental Solutions, LLC
701 E. Bay Street, Suite 306
Charleston, SC 29403
Bank Sponsor – EBX-Neuse I, LLC and Environmental Banc & Exchange (EBX)