20160225 Ver 1_Year 2 Monitoring Credit Release_20210128

\I� DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
69 DARLINGTON AVENUE
- WILMINGTON, NORTH CAROLINA 28403-1343
REPLY TO January 28, 2021
ATTENTION OF:
Regulatory Division
Action ID No. SAW-2016-02364
Re: Year 2 Monitoring Credit Release associated with Cane Creek Umbrella Mitigation
Bank, South Fork Mitigation Site
Mr. Jeff Keaton
Wildlands Engineering, Inc.
312 W Millbrook Road, Suite 225
Raleigh, North Carolina 27609
Dear Mr. Keaton:
This correspondence is in reference to the Cane Creek Umbrella Mitigation Site,
South Fork Mitigation Site, located within the South Fork Cane Creek watershed of the
Cape Fear River Catalog Unit (03030002). The site is located along Johnny Lindley
Road, near Snow Camp, in Chatham County, North Carolina. The purpose of this letter is
to confirm the release of stream restoration and enhancement credits associated with the
Year 2 Monitoring activities for this project.
Pursuant to the Mitigation Banking Instrument (UMBI) entitled, Agreement to Establish
the Cane Creek Umbrella Mitigation Bank in the Cape Fear River Basin within the state of
North Carolina, approved February 1, 2018; and the site -specific South Fork Mitigation
Site Final Mitigation Plan, dated October 2017; and the Monitoring Year 2 Report — South
Fork Mitigation Site dated December 2020, 10 percent of the mitigation site's total
restoration and enhancement credits shall be available for sale provided the Year 2
Monitoring Report demonstrates interim performance standards are being met.
By copy of this correspondence, we confirm that you have satisfied the above
requirements for the Year 2 Monitoring credit release, and 431.8 stream mitigation units
(SMUs) are now available for sale. To date, 2159 SMUs (50 percent of the total
restoration and enhancement credits) have been released for sale.
Please be aware that the Long -Term Maintenance and Monitoring Performance Bond
is valid through October 1, 2026. Failure to submit financial assurance prior to the
expiration date may lead to a suspension in credit sales.

Thank you for your interest in restoring and protecting waters of the United States. If
you have questions regarding this letter, please contact Samantha Dailey, Raleigh
Regulatory Field Office at Samantha.J.Dailey(a usace.army. miI or telephone (919) 554-
4884, Extension 22.
Sincerely,
Todd Tugwell
Mitigation Project Manager
Regulatory Division
Electronic Copies Furnished:
NCIRT Distribution List