20190239 Ver 2_Credit Release Task 1_20201217

ROY COOPER
Governor
MICHAEL S. REGAN
Secretary
S. DANIEL SMITH
Director
NORTH CAROLINA
Environmental Quality
November 19, 2020
Shawn Wilkerson DWR Project #: 2019-0239v2
Wildlands Holdings III, LLC Johnston County
(via electronic mail: swilkersonkwildlandseng com )
Re: Moccasin Creek Mitigation Banking Instrument (MBI)
Moccasin Creek Bank Parcel Credit Release — Task I
Dear Mr. Wilkerson:
On October 13, 2020, the Division of Water Resources (DWR) approved a Bank Parcel Development
Package (BPDP) for the above -referenced site under the terms and conditions of the Wildlands
Holdings III, LLC (Wildlands) Moccasin Creek Mitigation Banking Instrument (MBI) to establish a
nutrient offset and buffer mitigation bank. On October 19, 2020, DWR received a performance bond
(#107309673) issued to Wildlands from Travelers Casualty and Surety Company of America, in the
amount of $150,000, to cover performance obligations for the construction of the subject site. The
term of this bond will remain in effect until DWR has provided a written approval of the As -Built
Report.
Lastly, on November 3, 2020, the DWR received a recorded conservation easement and
corresponding plat for the subject site. Additionally, Wildlands provided confirmation that the
conservation easement for the subject site has been successfully assigned to Unique Places to Save
(UPS). UPS is a 501(c)(3) non-profit corporation and has been approved by DWR as a long-term
steward for this mitigation bank.
In accordance with the MBI, signed on October 13, 2020, the following Project Milestones have been
met and the corresponding credits shall be released:
Task/Milestones Credit
1) MBI and BPDP Approved by DWR, Conservation Easement Recorded & 25%
Assigned to an approved land trust or stewardship, & Financial
Assurance Posted
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract and therefore, 25% of the Neuse buffer Restoration credits (0.25 x
311,905 ft2 = 77,976.250 ft2) and 25% of the Nitrogen nutrient offset credits (0.25 x 15,513.563 lb-N
= 3,878.391 lb-N) are now available to sell.
D E Qbi�� North Carolina Department of Environmental Quality I Division of Water Resources
512 North Salisbury Street 1 1617 Mail Service Center I Raleigh, North Carolina 27699-1617
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Moccasin Creek Mitigation Site
Wildlands
November 19, 2020
Please note that nutrient offset credits generated at this site must be used for impacts in HUC
03020201 of the Neuse River Basin excluding the Falls Lake Watershed pursuant to 15A NCAC
02B .0703, which became effective on April 1, 2020. Additionally, the riparian buffer credits
must be used for impacts in the Neuse River Basin in accordance with guidelines in the
Consolidated Buffer Mitigation Rule, 15A NCAC 02B .0295, which became effective on
November 1, 2015
Please use the Credit Ledger Templates provided in the approved MBI or on our website at:
http://portal.ncdenr.ora/web/wq/nutrientbuffertemplates to track and report credit availability for the
Moccasin Creek Mitigation Bank. Upon receiving this correspondence, please submit two (2) credit
ledgers to DWR reflecting the available credits released for each mitigation type (Buffer Restoration,
Nitrogen Nutrient Offset).
Please feel free to call me at [phone] if you have any questions regarding this
correspondence.
Sincerely,
�Do� c�u;S'ig n ed1Aby:
A43C72700BD543E...
Katie Merritt
401 & Buffer Permitting Branch
cc:File Copy (Katie Merritt)
Ashley Yarsinske (Wildlands) — via electronic mail
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