20160981 Ver 2_Release Task 5 credit release_20210216

ROY COOPER
Governor
MICHAEL S. REGAN
Secretary
S. DANI£L SMITH
Director
Brad Breslow
NORTH CAROLINA
Environmental Quality
February 16, 2021
DWR Project #: 2016-0981v2
EBX Neuse 1, LLC Johnston County
3600 Glenwood Ave, Suite 100
Raleigh, NC 27612
(via electronic mail: [e-mail] )
Re: RES Poplar Creek Buffer & Nutrient Offset Umbrella Mitigation Banking Instrument
(UMBI)
Uzzle Bank Parcel Credit Release — Task S
Dear Mr. Breslow:
On October 12, 2020, the Division of Water Resources (DWR) received a Year 2 Monitoring Report
from Resource Environmental Solutions, LLC (RES) on behalf of EBX-Neuse 1, LLC (EBX), for the
Uzzle site. Overall, site conditions appear to look good and no encroachment within the cattle
exclusion areas was observed.
DWR received a continuation certificate for performance bond (K15480609) in the amount of
$100,000 issued to EBX from Federal Insurance Company, to cover monitoring and maintenance at
the subject site. The term of this bond applies beginning January 17, 2021 and ends January 17,
2022. Future credit releases will be dependent on both the renewal of this performance bond and the
annual monitoring reports.
In accordance with the UMBI, signed on January 16, 2019, the following Project Milestones have
been met and the corresponding credits shall be released:
Task/Milestones
5) Monitoring Report #2: Approved by DWR & Financial Assurance renewed 10%
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract and 10% of your Neuse buffer Enhancement credits from cattle exclusion
(0.10 x 268,834.04 ft2= 26,883.40 ft2) are now released and available to sell.
Please note that the riparian buffer credits must be used for impacts in the Neuse River Basin
in accordance with guidelines in the Consolidated Buffer Mitigation Rule,15A NCAC
02B .0295, which became effective on November 1, 2015.
N11H fH f.A�i(1:.INA �
D E Q North Carolina Department of Environmental Quality I Division of Water Resources
512 North Salisbury Street 1 1611 Mail Service Center I Raleigh, North Carolina 27699-1611
n.oal O'tofF"IM ^ W 919,707.9000

Uzzle Mitigation Bank
EBX
February 16, 2021
Please feel free to call [phone] if you have any questions regarding this correspondence.
cc:File Copy (DWR)
Caitlan Parker (EBX) — via electronic mail
Sincerely,
E
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A43C72700BD543E...
Katie Merritt
401 & Buffer Permitting Branch
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