20110252 Ver 1_Mitigation Information_20111117

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STONE FARM REGIONAL MITIGATION BANK ��
CREDIT REQUEST ACCEPTANCE ��
0
Date November 17 2011
Shallotte Partners LLC Stone Farm Mitigation Bank LLC
P O Box 240351 11 Causeway Drive
Charfotte NC 28224 Ocean Isle Beach NC 28469
Project Name Calabash Town Center
Expiration of Acceptance May 17 2012
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SFMB Number SFMB 009
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 pro�ect Please note that this decision
does not assure that the payment wdl be approved by the permit issuing agencies as mitigation for pro�ect
impacts It is the responsibility of the applicant to contact these agenaes to determine if payment to the
Bank will be approved It is also the responsibdity of the applicant to determine the appropriate credit ratios
that will be reqwred for the corresponding wetland and/or stream impacts You must also comply with all
other state federal or local government permds regulations or authorizations assoc�ated 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
recetved payment for the accepted credits of the issued 404 Permit/401 Certification/CAMA permit
within this time frame this acceptance w�ll 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 responsibiliry to send copies of their permits to the Bank Once the Bank receives a copy of
the permit(s) an invoice wdl be issued based on the information identified below Payment must be made
prior to conducting the authorized work It is the applicant s responsibdity 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 mitigaUon 1
requirements
Based on the information supplied by the applicant [he impacts that may require compensatory mitigation
are summarized m the foilowing table
CU Location Stream(ft; V1,'etlands ac
Riverine Non Rivenne '
Impact 03040207 193
Credits 3 9
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 iiable for any credit
shortage should the applicant s required mitigation credits exceed the amount specified m 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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$46 230 00 $�S�297�0 +
39 �
Non Rivenne Wetland $180 297 00
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Total Pa ment Due g�g 029 70 �
Non refundable Deposit $162 267 3� (�I l,�I �� �
Balance Due U on Invotce l �
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rowdmg the compensatory mitigatwn �f �
Upon receipt of full payment the Bank wdl take responsibdity or p
licant
the regulatory agencies require mitigst��ns the lapplicant s hesponsib I ty to submit an additonai cPedit
want the Bank to provide such cred
request form to the Bank 251 8543
If you have any ouestions or need acdit�on,.l �nfor�rat►�n please contact Nancy Strickland at�910)
or Paula Buis at(910) 579 7300
Sin rely
K
Paula Buis �
Stone Farm Mitigation Bank LLC
cc NCDWQ Raleigh
USACE
NCDWQ Local
Agent