20090858 Ver 2_Credit Release_20120224

AAGYA
CCDENR
North Carolina Department of Environment and Natural Resources
Division of Water Quality
Beverly Eaves Perdue Charles Wakild P E Dee Freeman
Governor Director Secretary
February 24 2012
Mr Doug Cordello
Earthmark North Carolina LLC
12800 University Drive Ste 400
Ft Myers FL 33907
DWQ Protect # 09 0858 v2
Orange County
Re Cape Fear Riparian Buffer and Nutrient Mitigation Umbrella Banking Instrument (UBI)
Carl Lloyd Bank Parcel Credit Release
Dear Mr Hutton
On November 30 2011 the Division of Water Quality (DWQ) received the Year Two Monitoring
Report, dated October 3 2011 for the Carl Lloyd Bank Parcel in Orange County North Carolina On
January 13 2012 Katie Merritt with DWQ requested that the plot size of each monitoring plot be
measured out to four significant figures and be identified in both the text of the report as well as on
Table 2 All calculations in Table 2 need to reflect this change Additionally, Ms Merritt requested
more information on the encroachment of the conservation easement Specifically she requested
information about how the encroachment affected parts of the buffer restoration what measures were
taken to restore the mowed areas where restoration was affected and how you plan to prevent the
encroachment in the future Ms Merritt also requested that the height class criteria for counting natural
stems be revised to include no less than l Ocm as required with Level II monitoring on all future
monitoring reports On February 13 2012 DWQ received a satisfactory response to the requests and
appreciates your cooperation On January 13, 2012 Ms Merritt requested revisions to both the nutrient
offset credit ledger and the phosphorous credit ledger On January 30 2012 DWQ received the updated
credit ledgers
According to the UBI the following Project Milestones have been met and the corresponding credits
shall be released
Milestones Credit
4) Submittal and approval of Year 2 Monitoring Report 10%
By copy of this correspondence DWQ confirms that you have satisfied the above requirements for the
above referenced tract An additional 10% of your nitrogen credits (01 x 24,639 32 = 2,463 93 lb-N)
and an additional 10% of your phosphorus credits (0 1 x 1,586 98 =158 70 lb P) are now available for
sale please update your credit ledgers accordingly
Wetlands Buffers Stormwater Compliance & Permitting Unit
1650 Mail Service Center Raleigh North Carolina 27699 1650
Location Archdale Bldg 9" Floor 512 N Salisbury St Raleigh NC 27604
Phone [phone] FAX [phone]
Internet http !/portal ncdenr org/web/wq /swp /ws/webscape
An Equal Opportunity 1 Affirmative Action Employer
NorthCarolina
Natura!!rf

Earthmark North Carolina LLC
Page 2 of 2
February 24 2012
A total of 70% of the available nitrogen credits (17,247 52 lb N) and 70% of the available phosphorous
credits (1,110 89 lb P) have been released for this site
Please note that nutrient offset credits generated at this site must be used for impacts in the Upper
New Hope Arm of Jordan Lake within the Cape Fear River Basin
As always please copy DWQ on all correspondence related to credit sales, referencing the DWQ project
number associated with the impacts for which credits are being purchased as compensatory mitigation
Please feel free to contact Katie Merritt at [phone] if you have any questions regarding this
correspondence
Sincerely,
AMC
Karen Higgins, Supervisor
Wetlands, Buffers, Stormwater, Compliance and
Permitting Unit
KAH /kym
cc
File Copy Katie Merritt
EBX Tommy Cousins 909 Capability Drive Suite 3100, Raleigh NC 27606