20081465 Ver 1_EEP Receipt_20100422

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PROGRAM
April 20, 2010
Glenn Futrell
IV M. Investments, LLC
150 Towerview Ct.
Cary, NC 27513
Project: Phillips Place
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Expiration of Acceptance: January 20, 2011
County: Wake
The purpose of this letter is to notify you that the North Carolina Ecosystem Enhancement Program (NCEEP) is willing to accept
payment for impacts associated with the above referenced project. Please note that this decision does not assure that the payment will
be approved by the permit issuing agencies as mitigation for project impacts. It is the responsibility of the applicant to contact these
agencies to determine if payment to the NCEEP will be approved. You must also comply with all other state, federal or local
government permits, regulations or authorizations associated with the proposed activity including SL 2009-337: An Act to Promote
Compensatory Mitigation by Private Mitigation Banks
This acceptance is valid for nine months from the date of this letter and is not transferable. If we have not received a copy of the
issued 404 Permit/401 Certification/CAMA permit within this time frame, this acceptance will expire. It is the applicant's
responsibility to send copies of the permits to NCEEP. Once NCEEP receives a copy of the permit(s) an invoice will be issued based
on the required mitigation in that permit and payment must be made prior to conducting the authorized work. The amount of the In
Lieu Fee to be paid to NCEEP by an applicant is calculated based upon the Fee Schedule and policies listed at www.neeep.net.
Based on the information supplied by you the impacts that may require compensatory mitigation are summarized in the following
table.
River
Basin CU
Location Stream (feet) Wetlands (acres) Buffer I
(Sq. Ft.) Buffer II
(Sq. Ft.)
Cold Cool Warm Riparian Non-Riparian Coastal Marsh
Impact Cape Fear 03030004 0 0 150 0 0 0 0 0
Credits Cape Fear 03030004 0 0 300 0 0 0 0 0
Upon receipt of payment, EEP will take responsibility for providing the compensatory mitigation. If the regulatory agencies require
mitigation credits greater than indicated above, and the applicant wants NCEEP to be responsible for the additional mitigation, the
applicant will need to submit a mitigation request to NCEEP for approval prior to permit issuance. The mitigation will be performed
in accordance with the Memorandum of Understanding between the N.C. Department of Environment and Natural Resources and the
U.S. Army Corps of Engineers dated November 4, 1998.
If you have any questions or need additional information, please contact Kelly Williams at [phone].
cc: Ian McMillan, NCDWQ Wetlands/401 Unit
USACE-Raleigh
Troy Beasley, agent
File
Sincerely,
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Wi D. Gilmore, PE
Director
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North Carolina Ecosystem Enhancement Program, 1652 Mail Service Center, Raleigh, NC 27699-1652 / 919.715-0476 / www.nceep.net
Glenn Futrell
Phillips Place Associates, LLC
1008 Oak Creek Road
Raleigh, NC 27615
Project: Phillips Place
County: Wake
DWQ# 08-1465
COE#: 2008-02781
EEP #: 11798
Amount Paid: $51,600.00
Check Number : 092
Ecosystem' k
PROGRAM
RECEIPT
April 22, 2010
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The North Carolina Ecosystem Enhancement Program (NCEEP) has received a check as indicated above as payment for the
compensatory mitigation requirements of the 401 Water Quality Certification/Section 404/CAMA Permit(s) issued for the
above referenced project. This receipt serves as notification that your compensatory mitigation requirements associated with
the authorized activity as specified below have been satisfied. You must also comply with all other conditions of this
certification and any other state, federal or local government permits or authorization associated with this activity including
SL 2009-337, An Act to Promote Compensatory Mitigation Banks.
The NCEEP, by acceptance of this payment, acknowledges that the NCEEP is responsible for the compensatory mitigation
requirements associated with the project permit and agrees to provide the compensatory mitigation as specified in the permit.
Mitigation responsibility assigned to the NCEEP is nontransferable. The mitigation will be performed in accordance with
the Memorandum of Understanding between the NC Department of Environment and Natural Resources and the US Army
Corps of Engineers dated November 4, 1998, as indicated below.
River Basin Stream Credits Wetland Credits Buffer I& II
HUC (linear feet) (acres) (Sq. Ft.)
Cold Cool Warm Riparian Non-Riparian Coastal Marsh
Cape Fear 0 0 150 0 0 0 0
03030004
Refunds of payments made to NCEEP are only approved under certain conditions. All refund requests must be submitted in
accordance with EEP's refund policy at www,nceep.net. If you have any questions or need additional information, please
contact Kelly Williams at [phone].
Sincerely,
l??Q'/1 L0
William Gilmore, PE
Director
cc: Ian McMillan, NCDWQ Wetlands/401 Unit
USAGE-Raleigh, Thelma Hemmingway, USACE-Wilmington
Troy Beasley, agent
File
Restop ... ... Prot" Oar .ftattt?
RMETiR
North Carolina Ecosystem Enhancement Program, 1652 Mail Service Center, Raleigh, NC 27699-1652 / 919-715-0476 / www.nceep.net