20110252 Ver 1_More Info Received_20111031

Dennison, Laurie
From: Mcmillan, Ian C I?rUm?t?s
Sent: Monday, October 31, 2011 2:30 PM J
To: Dennison, Laurie; Strickland, Bev
Subject: FW: Calabash Town Center
Attachments: Calabash Town Center Acceptance Letter 10 2011.pdf
tan .1. McMillan, PWS, LISP
NCDENR/Division of Water Quality - Wetlands and Stormwater Branch
1650 Mail Service Center
Raleigh, NC 27699-1650
Office: [phone]
Fax: [phone]
Email: ian.mcmillan(&ncdenr.gov
E-mail correspondence to and from this address may be subject to the
North Carolina Public Records Law and may be disclosed to third parties.
From: Kim Williams [mailto:[e-mail]
Sent: Monday, October 31, 2011 12:45 PM
To: Coburn, Chad; Mcmillan, Ian
Subject: FW: Calabash Town Center
Hi Chad and Ian
Attached is the acceptance letter from Stone Farm Mitigation Bank. Let me know if you need anything else prior to issuing
the WQC.
Thanks,
Kim
STONE FARM REGIONAL MITIGATION BANK
CREDIT REQUEST ACCEPTANCE
Date: October 20, DRAFT
Shallotte Partners. LLC Stone Farm Mitigation Bank, LLC
P O Box 240351 11 Causeway Drive
Charlotte, NC 28224 Ocean Isle Beach, NC 28469
Project Name: Calabash Town Center
Expiration of Acceptance: April 20, 2012 .
SFMB Number:;:.
Dear Sir:
The purpose of this letter is to notify you that the Stone Farm Regional Mitigation Bank (Bank) 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
Bank will be approved. It is also the responsibility of the applicant to determine the appropriate credit ratios
that will be required for the corresponding wetland, and/or stream impacts. You must also comply with all
other state, federal or local government permits, regulations or authorizations associated with the proposed
activity.
This acceptance is valid for six (6) months from the date of this letter and is not transferable. If we have not
received payment for the accepted credits of the issued 404 Permit/401 Certification/CAMA permit
within this time frame, this acceptance will expire. Predicated on the total payment due to the Bank, as
set forth herein, a ten (10) percent non-refundable deposit is due at the time of acceptance by the Bank. It is
the applicant's responsibility to send copies of their permits to the Bank. Once the Bank receives a copy of
the permit(s), an invoice will be issued based on the information identified below. Payment must be made
prior to conducting the authorized work. It is the applicant's responsibility to ensure that the credit types and
amounts identified below are consistent with the compensatory mitigation requirements of the permit(s)
issued. The Bank and/or its agents are not responsible for determining the applicant's mitigation
requirements.
Based on the information supplied by the applicant, the impacts that may require compensatory mitigation
are summarized in the following table:
Location
CU Stream (ft.) Wetlands ac.
_ Riverine Non-Riverine
Impact 03040207 1.93
Credits 3.9
V
Note that the impact and credit totals above were provided by the applicant. It is the applicant's
responsibility to provide accurate information (including the requested mitigation credits). The Bank and/or
its agents are not responsible for determining the required credit amounts. The Bank's decision to accept
credits is based upon the information provided by the applicant. The Bank is not liable for any credit
shortage should the applicant's required mitigation credits exceed the amount specified in the above table.
Based upon the type and amounts of credits requested above, the following payment must be provided to
the Bank prior to issuance of credits:

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Non-Riverine Wetland 3.9 $46,230.00 $180,297.00

Total Payment Due $180,297.00
Non-refundable Deposit $18,029.70
Balance Due Upon Invoice $162,267.30
Upon receipt of full payment, the Bank will take responsibility for providing the compensatory mitigation. If
the regulatory agencies require mitigation credits greater than indicated above, and should the applicant
want the Bank to provide such credits, it is the applicant's responsibility to submit an additional credit
request form to the'¢ank
If you have any questions or need additional. information, please contact Nancy Strickland at (910)-251-8543
or Paula Buis at (910)-579-7300.
Sincerely,

iy
La
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