20130184 Ver 1_Year 2 & 3 Monitoring Credit Release_20210205

Strickland, Bev
From: Dailey, Samantha J CIV USARMY CESAW (USA) <[e-mail]>
Sent: Friday, February 5, 2021 1:15 PM
To: Rich Mogensen; Gerald Pottern
Cc: Tugwell, Todd J CIV USARMY CESAW (US); Kim Browning; Haywood, Casey M CIV
(USA); Davis, Erin B; Wilson, Travis W.; Bowers, Todd; Merritt, Katie
Subject: [External] SAW-2012-02073 / Mogensen Mitigation, LLC / Tar River Headwaters
Stream Mitigation Bank / Year 2 and Year 3 Monitoring Credit Release
Attachments: 2012-02073 Tar River Headwaters Year 2 & 3 Monitoring Credit Release.pdf
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Good afternoon Rich,
Attached is the Year 2 and Year 3 Monitoring credit release letter for the:
SAW-2012-02073 / Mogensen Mitigation, LLC /Tar River Headwaters Stream Mitigation Bank/ Person County
Please let me know if you have any questions.
Sincerely,
Sam
Samantha Dailey
Regulatory Project Manager
U.S. Army Corps of Engineers
Regulatory Division
3331 Heritage Trade Drive, Suite 105
Wake Forest, NC 27587
[phone], Ext. 22
[e-mail]
1

\ �I� DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
69 DARLINGTON AVENUE
- WILMINGTON, NORTH CAROLINA 28403-1343
REPLY TO February 5, 2021
ATTENTION OF:
Regulatory Division
Action ID No. SAW-2012-02073
Re: Year 2 and Year 3 Monitoring Credit Release associated with the Tar River
Headwaters Stream Mitigation Banking Instrument, Tar Rivers Headwaters Stream
Mitigation Bank
Mr. Rich Mogensen
Mogensen Mitigation, LLC
Post Office Box 690429
Charlotte, North Carolina 28277
Dear Mr. Mogensen:
This correspondence is in reference to the Tar River Headwaters Mitigation Bank,
located off Bunnie Huff Road, approximately 23 miles northeast of Oxford, in Person
County, North Carolina. The site includes unnamed tributaries that flow into the Tar River
Cataloging Unit (03020101). The purpose of this letter is to confirm the stream restoration
and enhancement credits associated with the Year 2 and Year 3 monitoring activities,
including implementation of the November 2020 adaptive management plan.
Pursuant to the Mitigation Banking Instrument (UMBI) entitled, Tar River Headwaters
Stream Mitigation Bank, approved on January 27, 2017; the site -specific Tar River
Headwaters Stream Mitigation Bank, approved on February 13, 2017; the Year 2
Monitoring Report dated December 2019; the Adaptive Management Plan dated
November 2020; and the Year 3 Monitoring Report dated December 2020, 20 percent of
the mitigation site's total restoration and enhancement credits shall be available for sale
provided the above referenced monitoring reports and adaptive management plan
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 and Year 3 monitoring credit releases, and 393 stream
mitigation units (SMUs) are now available for sale. To date, 1179 SMUs (60 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
will expire on December 31, 2022. 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(cDusace.army. miI or telephone (919) 554-
4884, Extension 22.
Sincerely,
'7�� 4:
C
Todd Tugwell
Mitigation Project Manager
Regulatory Division
Electronic Copies Furnished:
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