20180067 Ver 1_Mitigation Plan Approval Initial Credit Release_20201030

Strickland, Bev
From:
Kichefski, Steven L CIV USARMY CESAW (USA) <[e-mail]>
Sent:
Friday, October 30, 2020 5:12 PM
To:
Brad Breslow
Cc:
Tugwell, Todd J CIV USARMY CESAW (US); Kim Browning; Haywood, Casey M CIV
(USA); Davis, Erin B; Bowers, Todd; Hamstead, Byron A; Leslie, Andrea J; Wilson, Travis
W.; Gledhill-earley, Renee; McLendon, C S CIV USARMY CESAW (USA); Jones, M Scott
(Scott) CIV USARMY CESAW (USA); Smith, Ronnie D CIV USARMY CESAW (USA)
Subject:
[External] RES French Broad 05 Umbrella Mitigation Bank — Puncheon Fork Mitigation
Plan Approval/Initial Credit Release (SAW-2018-00094)
Attachments:
SAW-201 8-00094RESFrenchBroad05UM13-PuncheonForkMitSite InitialCreditRelease
30Oct2O2O.pdf, SAW-2018-00094_RESFrenchBroad05UMB-
PuncheonForkSite_Approval.pdf
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Brad,
Please see the attached approval letter for the Puncheon Fork Final Mitigation Plan (SAW-2018-00094)
associated with the RES French Broad 05 Umbrella Mitigation Bank. Please note that the approved
instrument, final plan, design plans submitted with the PCN, as well as all applicable general and regional
conditions (previously provided) must be strictly adhered to in order for the authorization to remain valid.
Also, please find attached the Initial Credit Release letter for the RES French Broad 05 Umbrella Mitigation
Bank: Puncheon Fork Mitigation Site (SAW-2018-00094). As requested, 15% credit is being released for
satisfying the initial release requirements pursuant to the Mitigation Banking Instrument (UMBI) entitled,
Agreement to Establish the RES French Broad 05 Umbrella Mitigation Bank, approved June 19, 2019 and the
Puncheon Fork Mitigation Plan (plus final plan addendum).
Feel free to contact me with any questions. This electronic copy is your official Department of the Army
authorization; no paper copy will be mailed.
Regards,
Steve Kichefski
Regulatory Project Manager
U.S. Army Corps of Engineers
Wilmington District, Asheville Field Office
151 Patton Avenue, Suite 208
Asheville, NC 28801
(828)-271-7980 Ext. 4234

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DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
151 PATTON AVENUE
ROOM 208
ASHEVILLE, NORTH CAROLINA 28801-5006
October 30, 2020
Regulatory Division
Action ID No. SAW-2017-01462
Re: Initial Credit Release of the RES French Broad 05 Umbrella Mitigation Bank — Puncheon
Fork Mitigation Site (SAW-2018-00094)
Mr. Brad Breslow
Resource Environmental Solutions
3600 Glenwood Avenue, Suite 100
Raleigh, North Carolina 27612
Dear Mr. Breslow:
This correspondence is in reference to your October 16, 2020 request for the initial credit
release for the Puncheon Fork Mitigation Site, part of the RES French Broad 05 Umbrella
Mitigation Bank. The 13.15-acre project is located approximately five miles northwest of Swiss
in Madison County, North Carolina. The purpose of this letter is to confirm the initial release of
credits for this mitigation site.
Pursuant to the Mitigation Banking Instrument (UMBI) entitled, Agreement to Establish
the RES French Broad 05 Umbrella Mitigation Bank, approved May 30, 2019; the site -specific
Puncheon Fork Final Mitigation Plan dated May 22, 2020 and a final plan addendum received
September 4, 2020, fifteen percent (15%) of the mitigation site's total restoration and
enhancement credits shall be available for sale immediately upon completion of all 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.
b. Approval of the Final Mitigation Plan.
c. The mitigation site must be secured.
d. Delivery of the executed financial assurance documents as described in Section IX of the
UMBI and Section 13, page 43 of the Puncheon Fork Final Mitigation Plan, dated May
2020 and approved October 2020.
e. Recordation of the Corps -approved site protection mechanism described in Section X of
the UMBI, and Appendix A of the Puncheon Fork Final Mitigation Plan, dated May 2020
and approved October 2020.
f. Issuance of the 404-permit authorization for site construction.

By copy of this correspondence, we confirm that you have satisfied the above
requirements for initial release for all parcels within the bank; 425.3 SMU's and 0.157 WMU's
constituting 15% of the mitigation site's total restoration and enhancement credits are now
available for sale. There is no preservation credit associated with this project.
Thank you for your time and cooperation. If you have any questions, please contact
Steve Kichefski at [phone] extension 4234.
Sincerely,
for KICHEFSKI.STEVE Digitally signed by
KICHEFSKI.STEVEN.L.1386908539
N.L.1386908539 Date: 2020.10.30 17:10:12 -04'00'
Scott Jones, Chief
Asheville and Charlotte Regulatory Field Offices
Electronic Copies Furnished:
Erin Davis (NCDWR)
Andrea Leslie (NCWRC)
Travis Wilson (NCWRC)
Byron Hamstead (USFWS)
Todd Bowers (USEPA)
Renee Gledhill -Earley (NCSHPO)
Todd Tugwell (USACE)
Kim Browning (USACE)
Casey Haywood (USACE)
Scott Jones (USACE)
Scott McLendon (USACE)

DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
151 PATTON AVENUE
ROOM 208
ASHEVILLE, NORTH CAROLINA 28801-5006
October 30, 2020
Regulatory Division
Re: NCIRT Review and USACE Approval of the RES French Broad 05 Umbrella Mitigation
Bank — Puncheon Fork Mitigation Site (SAW-2018-00094)
Mr. Brad Breslow
Resource Environmental Solutions
3600 Glenwood Avenue, Suite 100
Raleigh, North Carolina 27612
Dear Mr. Breslow:
This letter is to inform you that the Wilmington District, Corps of Engineers (Corps) has
reviewed and approved the RES French Broad 05 Umbrella Mitigation Bank — Puncheon Fork
(SAW-2018-00094) Mitigation Plan dated May 22, 2020 and a final plan addendum received
September 4, 2020. The Corps has already issued a Nationwide Permit 27 (NWT 27) verification
letter authorizing work in waters of the United States associated with the restoration and
enhancement of aquatic resources for the mitigation bank site. As bank sponsor you are required
to comply with the approved RES French Broad 05 UMBI and Mitigation Plan, the terms and
conditions of your NWP 27 verification letter, and the Corps' regulations regarding compensatory
mitigation (33 CFR 332).
The bank sponsor accepts all risk, liability, and responsibility for the success of all mitigation
activities associated with the approved mitigation bank site. In accordance with the Final
Mitigation Plan, the bank sponsor must prepare and submit annual monitoring reports to
document whether the stream and wetland restoration and enhancement areas for the project site
meet the necessary interim and final performance standards. When credits are debited from the
mitigation site, the bank sponsor must provide the Corps with an updated ledger form identifying
the purchaser of the credits, the project name, the permit number, and the number and type of
credits to be debited. When all stream credits have been consumed, no more credits may be sold
from this mitigation site.
Thank you for your time and cooperation. If you have any questions, please contact Mr.
Steve Kichefski by email at steven.l.kichefski(a usace.gM.mil or by phone at [phone]
extension 4234.

Sincerely,
KICHEFSKI.STEVEN.L Digitally signed by
KICHEFSKI.STEVEN.L.1386908539
.1386908539 Date: 2020.10.30 17:03:00 -04'00'
Steve Kichefski
Project Manager, Asheville Regulatory Field Office
Electronic Copies Furnished:
Erin Davis (NCDWR)
Andrea Leslie (NCWRC)
Travis Wilson (NCWRC)
Byron Hamstead (USFWS)
Todd Bowers (USEPA)
Renee Gledhill -Earley (NCSHPO)
Todd Tugwell (USACE)
Kim Browning (USACE)
Casey Haywood (USACE)
Scott Jones (USACE)
Scott McLendon (USACE)