20170887 Ver 2_Credit Release task 5_20210115

ROY COOPER
Governor
MICHAEL S. REGAN
Secretary
S. DANI£L SMITH
Director
Shawn Wilkerson
Wildlands Holdings IV, LLC
1430 South Mint Street, Suite 104
NORTH CAROLINA
Environmental Quality
January 15, 2021
Charlotte, NC 28203
(via electronic mail: swilkerson&wildlandseng.com
DWR Project #: 2017-0887v2
Chatham County
Re: Cane Creek Umbrella Mitigation Banking Instrument (UMBI)
Bethel Branch Buffer Mitigation Bank
Credit Release Task 5
Dear Mr. Wilkerson,
On October 12, 2020, the Division of Water Resources (DWR) received a Year 2 Monitoring Report
from Wildlands Holdings IV, LLC (Wildlands), for the Bethel Branch site. Overall, site conditions
appear to look good and no encroachment within the conservation easement areas was observed.
DWR received a bond rider and continuation certificate for the performance bond (# 107063173) in
the amount of $60,000 issued to Wildlands from Travelers Casualty and Surety Company of
America, to cover monitoring and maintenance at the subject site. The term of this bond ends with
DWR approval of the Year 3 Monitoring Report. Future credit releases will be dependent on both
the renewal of this performance bond and the annual monitoring reports.
In accordance with the UMBI, signed on March 6, 2018, the following Project Milestones have fully
been met and the corresponding credits shall be released:
Task/Milestones Credit
5) Monitoring Report #2: Approved by the DWR & financial assurance renewed 10%
By copy of this correspondence, DWR confirms that you have fully satisfied the above requirements
for the Bethel Branch site. Therefore, 10% of your Jordan Lake riparian buffer credits (0.10 x
266,899.40 ft2 = 26,689.94 ft2) are now released.
Please note that the riparian buffer credits can only be used to offset impacts located in the
Haw River Sub Watershed of Jordan Lake according to 15A NCAC 02B .0295, which became
effective on November 1, 2015.
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
N11H fH (:Ai(1!.INA �
0­O'torenwm—talQ"I 919,707.9000

Bethel Branch Bank
Wildlands
January 15, 2021
Please feel free to call Katie Merritt at [phone] if you have any questions regarding this
correspondence.
Sincerely,
�Do,•cuuS-igned by:
lW T
A43C72700BD543E...
Katie Merritt
401 & Buffer Permitting Branch
cc:File Copy (Katie Merritt)
Ashley Yarsinske - Wildlands (via electronic mail)
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