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Home My WebLink About20110252 Ver 1_Mitigation Information_20111201 r � - 0 `�.52 � � STONE FARM REGIONAL MITIGATION BANK � CREDIT REQUEST ACCEPTANCE ,� �� Date November 17 2011 Shallotte Partners LLC Stone Farm Mitigation Bank LLC P O Box 240351 11 Causeway Drrve Charlotte NC 28224 Ocean Isle Beach NC 28469 Pro�ect Name Calabash Town Center Expiration of Acceptance May 17 2012 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 will be approved by the permit issuing agencies as mitigation for pro�ect impacts It is the responsibility of the applicant to contact these agencies to determine if payment to the Bank wdf be approved It is also the responsibdity of the applicant to determine the appropriate credit ratios that will be required for the corresponding wetiand and/or stream impacts You must also comply with all other state federal or local government permits regulations or authonzations 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 recerved 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 responsib�lity 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 pnor to conducting the authonzed 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 mitigation requirements Based on the information supplied by the applicant the impacts that may require compensatory mitigation are summarized in the following table C.0 Location Stream (ft) Wetlands ac Rivenne Non Riverine Impact 03040207 193 Credits 3 g Note that the impact and credit totals above were provided by the applicant It is the applicant s responsibility to provide accurate informatior (includ�ng 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 mitigatiori 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 he BanF pnor to issuancP of credits � CC��OM� p DEC m 1 Zp�� DENR WATER QUALITI uVETIANDa AND STORt�IWWATER BR,ANCH i Non Riverine Wetiand 3 9 $46 230 00 $180 297 00 Total Payment Due $180 297 00 � Non refundable Deposit $18 029 70 � � Balance Due U on Invoice $162 267 30 II (�(�� 6 Upon receipt of fuil payment the Bank will take responsibility for providmg the compensatory mitigation If the regulatory agencies require mitigation credits greater than mdicated 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 Bank If you have any questions or need additional information please contact Nancy Stnckland at(910) 251 8543 or Paula Buis at(910) 579 7300 Sin rely � Paula Buis Stone Farm Mitigation Bank LLC cc NCDWQ Raleigh USACE NCDWQ Local Agent