20110252 Ver 1_Mitigation Information_20111020

p04 q16 t l l - 0 252,
STONE FARM REGIONAL MITIGATION BANK
CREDIT REQUEST ACCEPTANCE
Date October 20 2011 DRAFT
Shallotte Partners LLC Stone Farm Mitigation Bank LLC
P O Box 240351 11 Causeway Drive
Charlotte NC 28224 Ocean Isle Beach NC 28469
Project Name Calabash Town Center
Expiration of Acceptance April 20 2012
SFMB Number
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 project Please note that this decision
does not assure that the payment will be approved by the permit issuing agencies as mitigation for project
impacts It is the responsibility of the applicant to contact these agencies to determine if payment to the
Bank will be approved It is also the responsibility of the applicant to determine the appropriate credit ratios
that will be required for the corresponding wetland and /or stream impacts You must also comply with all
other state federal or local government permits regulations or authorizations 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
received payment for the accepted credits of the issued 404 Permit/401 Certificadon/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 applicants responsibility to send copies of their permits to the Bank Once the Bank receives a copy of
the permits) an invoice will be issued based on the information identified below Payment must be made
prior to conducting the authorized work It is the applicants responsibility 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 applicants mitigation
requirements
Based on the information supplied by the applicant the impacts that may require compensatory mitigation
are summarized in the following table
Note that the impact and credit totals above were provided by the applicant It is the applicants
responsibility to provide accurate information (including the requested mitigation credits) The Bank and /or
its agents are not responsible for determirnrg the required credit amounts The BanK s decision to accept
credits is based upon the information prove ed by the applicant The Bank is not liahle for any credit
shortage should the applicant s required mitigation 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
the Bank prior to issuai ce of credits
CLI Location
Stream (ft)
Wetlands (ac)
Rivenne
Non Rivenne
Impact
03040207
193
Credits
39
Note that the impact and credit totals above were provided by the applicant It is the applicants
responsibility to provide accurate information (including the requested mitigation credits) The Bank and /or
its agents are not responsible for determirnrg the required credit amounts The BanK s decision to accept
credits is based upon the information prove ed by the applicant The Bank is not liahle for any credit
shortage should the applicant s required mitigation 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
the Bank prior to issuai ce of credits

Non Rivenne Wetland
39
$46 230 00
$180 297 00
Total Payment Due
$180 297 00
Non refundable Deposit
$18 029 70
Balance Due Upon Invoice
$162 267 30
Upon receipt of full payment the Bank will take responsibility for providing the compensatory mitigation If
the regulatory agencies require mitigation credits greater than indicated 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 Strickland at [phone]
or Paula Buis at (910) 579 -7300
Sincerely
Nancy Strickland
Stone Farm Mitigation Bank LLC
cc NCDWQ Raleigh
USACE
NCDWQ Local
Agent