The URL can be used to link to this page

Home My WebLink AboutNCS000483_UDO-Chapter C-TOK_20210225&+$37(5&(19,5210(17$/25',1$1&( $57,&/(,385326($1'$87+25,7< 6+2577,7/( 7KLV2UGLQDQFHVKDOOEHNQRZQDQGPD\EHFLWHGDVWKHEnvironmental OrdinanceH[FHSWDVUHIHUUHGWR KHUHLQZKHUHLWVKDOOEHNQRZQDVthis Ordinance 385326( 7KHSXUSRVHRIWKLV2UGLQDQFHLVWRSURPRWHWKHKHDOWKVDIHW\DQGJHQHUDOZHOIDUHRIWKHUHVLGHQWVZLWKLQ .HUQHUVYLOOHWKURXJKWKHVWDWHGUHJXODWLRQVRIWKLV2UGLQDQFH$QDGGLWLRQDOSXUSRVHRIWKLV2UGLQDQFHLVWR LPSOHPHQWWKHJRDOVREMHFWLYHVDQGSROLFLHVRIWKH.HUQHUVYLOOHLand Use PlanDVDPHQGHGLQFOXGLQJDQ\ VSHFLILFDOO\UHODWHGODQGXVHSODQVGHYHORSPHQWJXLGHVDQGWKHTransportation Plan -85,6',&7,21 7KHSURYLVLRQVRIWKLV2UGLQDQFHVKDOODSSO\WRWKH7RZQRI.HUQHUVYLOOH1RUWK&DUROLQD $87+25,7< 67$7(/$: 7KLV2UGLQDQFHLVDGRSWHGSXUVXDQWWRWKHEnvironmental Policy Act of 1971WKHWater Supply Watershed Protection Act of 1989DQGWKHNorth Carolina Sedimentation Pollution Control Act of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efinitions Ordinance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oning OrdinanceRIWKH Unified Development Ordinances 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU&$UWLFOH,, $'0,1,675$7,21 '(6,*1$7,212))/22'3/$,1$'0,1,675$725 7KH&RPPXQLW\'HYHORSPHQW'LUHFWRUKHUHLQDIWHUUHIHUUHGWRDVWKH³)ORRGSODLQ$GPLQLVWUDWRU´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¶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¶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¶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³DSSHDO ERDUG´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atershed Protection OrdinanceH[FHSWDVUHIHUUHG WRKHUHLQZKHUHLWVKDOOEHNQRZQDVthis Ordinance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atershed Protection Map of Kernersville, North CarolinaKHUHLQDIWHUUHIHUUHGWRDVWatershed MapZKLFK LVDGR SWHGVLPXOWDQHRXVO\ KHUHZLWK 7KH Watershed Map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ubdivision Regulations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nified Development Ordinances KDYHWKHPHDQLQJVLQGLFDWHG$OOZRUGVDQGSKUDVHVQRWGHILQHGLQWKLV$UWLFOHVKDOOKDYHWKHLUFRPPRQ PHDQLQJ:KHQXVHGLQWKLV2UGLQDQFHWKHSUHVHQWWHQVHLQFOXGHVWKHIXWXUHWKHVLQJXODULQFOXGHVWKHSOXUDO DQGZRUGVRIRQHJHQGHULQFOXGHWKHRWKHUDVPD\EHDSSOLFDEOH7KHZRUGshallLVPDQGDWRU\QRWGLUHFWRU\ 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,,, 7KHZRUGuse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oning Ordinance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oning Ordinance6HFWLRQ' '(9(/230(17$Q\ODQGGLVWXUELQJDFWLYLW\ZKLFKDGGVWRRUFKDQJHVWKHDPRXQWRILPSHUYLRXVRU SDUWLDOO\LPSHUYLRXVFRYHURQDODQGDUHDRUZKLFKRWKHUZLVHGHFUHDVHVWKHLQILOWUDWLRQRISUHFLSLWDWLRQLQWR WKHVRLO ',6&+$5*,1*/$1'),//$IDFLOLW\ZLWKOLQHUVPRQLWRULQJHTXLSPHQWDQGRWKHUPHDVXUHVWRGHWHFW DQGRUSUHYHQWOHDFKDWHIURPHQWHUL QJWKHHQYLURQPHQWDQGLQ ZKLFKWKHOHDFKDWHLVWUHDWHGRQVLWHDQG GLVFKDUJHGWRDUHFHLYLQJVWUHDP ':(//,1*81,7$EXLOGLQJRUSRUWLRQWKHUHRISURYLGLQJFRPSOHWHDQGSHUPDQHQWOLYLQJIDFLOLWLHVIRU RQHIDPLO\ (1*,1((5$SHUVRQOLFHQVHGWRSUDFWLFHHQJLQHHULQJLQWKH6WDWHRI1RUWK&DUROLQD (;&(37,21 0,125 3HUPLVVLRQ WR XVHS URSHUW\ JUDQWHG E\ WKH :DWHUVKHG 5HYLHZ &RPPLWWHH LQYROYLQJWKHUHOD[DWLRQRIDZDWHUVKHGPDQDJHPHQWUHTXLUHPHQWE\DIDFWRURIOHVVWKDQWHQSHUFHQW (;&(37,21 0$-25 3HUPLVVLRQ WR GHYHORS RUXVH SURSHUW\ UHYLHZHGE\ WKH:DWHUVKHG 5HYLHZ &RPPLWWHHDIWHUDSSURYDOE\WKH1RUWK&DUROLQD(QYLURQPHQWDO0DQDJHPHQW&RPPLVVLRQWKDWUHVXOWVLQ DQ\RQHRUPRUHRIWKHIROORZLQJ $ 7KHFRPSOHWHZDLYHURIDPDQDJHPHQWUHTXLUHPHQW % 7KHUHOD[DWLRQE\DIDFWRURIPRUHWKDQWHQSHUFHQWRIDQ\PDQDJHPHQWUHTXLUHPHQW H[SUHVVHGLQWKHIRUPRIDQXPHULFDOVWDQGDUGRU & 7KHUHOD[DWLRQRIDQ\PDQDJHPHQWUHTXLUHPHQWWKDWDSSOLHVWRDGHYHORSPHQWSURSRVDOLQWHQGHGWR TXDOLI\XQGHUWKHKLJKGHQVLW\RSWLRQ (;,67,1*'(9(/230(17 $ 7KRVHSURMHFWVWKDWDVRI-XO\KDYHEHHQEXLOWRUIRUZKLFKWKHUHKDVEHHQREWDLQHG SUHOLPLQDU\DSSURYDOIRUUHVLGHQWLDOO\GHYHORSHGVXEGLYLVLRQVRUWKRVHSURMHFWVWKDWKDYHEHHQ HVWDEOLVKHGDVKDYLQJDYHVWHGULJKWXQGHU1RUWK&DUROLQD]RQLQJODZDVRIWKHHIIHFWLYHGDWHRIWKLV 2UGLQDQFHEDVHGRQDWOHDVWRQHRIWKHIROORZLQJFULWHULD 6XEVWDQWLDOH[SHQGLWXUHVRIUHVRXUFHVWLPHODERUPRQH\EDVHGRQDJRRGIDLWKUHOLDQFH XSRQKDYLQJUHFHLYHGDYDOLGORFDOJRYHUQPHQWDSSURYDOWRSURFHHGZLWKWKHSURMHFW +DYLQJDQRXWVWDQGLQJYDOLGEXLOGLQJSHUPLWDVDXWKRUL]HGE\WKH*HQHUDO6WDWXWHV$ RU +DYLQJ H[SHQGHG VXEVWDQWLDO UHVRXUFHV WLPH ODERU PRQH\DQG KDYLQJ DQ DSSURYHG SUHOLPLQDU\SODWVLWHVSHFLILFRUSKDVHGGHYHORSPHQWSODQDVDXWKRUL]HGE\WKH*HQHUDO 6WDWXWHV$DQG$ % 6KRXOGDQ\SURSHUW\RZQHUDJHQWRUDQ\RQHRUHQWLW\DFWLQJRQEHKDOIRIDSURSHUW\RZQHUGHVWUR\ UHPRYHDOWHURURWKHUZLVHPRGLI\HYLGHQFHRIDQH[LVWLQJGHYHORSPHQWSULRUWRDQRQVLWH LQVSHFWLRQDQGZULWWHQDFNQRZOHGJPHQWE\WKH:DWHUVKHG$GPLQLVWUDWRUVDLGSURSHUW\RUSRUWLRQ WKHUHRIVRGHVWUR\HGUHPRYHGDOWHUHGRURWKHUZLVHPRGLILHGVKDOOEHH[FOXGHGIURPFRQVLGHUDWLRQ DVDQH[LVWLQJGHYHORSPHQWE\WKH:DWHUVKHG$GPLQLVWUDWRU (;,67,1*/27/272)5(&25'$ORWZKLFKLVSDUWRIDVXEGLYLVLRQDSODWRIZKLFKKDVEHHQ UHFRUGHGLQWKH2IILFHRIWKH5HJLVWHURI'HHGVSULRUWRWKHDGRSWLRQRIWKLV2UGLQDQFHRUDORWGHVFULEHGE\ PHWHVDQGERXQGVWKHGHVFULSWLRQRIZKLFKKDVEHHQVRUHFRUGHGSULRUWRWKHDGRSWLRQRIWKLV2UGLQDQFH 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,,, )$0,/<2QHRUPRUHSHUVRQVRFFXS\LQJDVLQJOHGZHOOLQJXQLWUHODWHGE\EORRGPDUULDJHRUDGRSWLRQ OLYLQJWRJHWKHUDVDVLQJOHKRXVHNHHSLQJXQLWDVGHILQHGE\&KDSWHU$$UWLFOH,,RIWKHUnified Development Ordinances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¶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¶VIXOOLQWHQWWRSHUIRUP ( 7KH3HUIRUPDQFH6XUHW\VKDOOVWDWHWKHVXUHW\VKDOOVWD\LQIXOOIRUFHDQGHIIHFWXQWLOREOLJHHQRWLILHV SULQFLSDOWKDWDOOREOLJDWLRQVVWDWHGZLWKLQWKH3HUIRUPDQFH6XUHW\KDYHEHHQVDWLVILHGLQWKHLU HQWLUHW\ 3(5)250$1&(685(7<$JXDUDQWHHDJDLQVWORVVRUGDPDJHIURPRQH¶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atershed Ordinance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nified Development Ordinances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ubdivision Ordinance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oning Ordinance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ubdivision Ordinance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ubdivision Ordinance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rosion and Sedimentation Control OrdinanceRIWKH7RZQRI.HUQHUVYLOOHDVHGLPHQWDWLRQDQGHURVLRQFRQWUROSODQVKDOOEHVXEPLWWHG WRDQGDSSURYHGLQDFFRUGDQFHZLWKVXFK2UGLQDQFH ( 5RDGVFRQVWUXFWHGLQFULWLFDODUHDVDQGZDWHUVKHGEXIIHUDUHDVVKDOOEHGHVLJQHGDQGFRQVWUXFWHG VRWRPLQLPL]HWKHLULPSDFWRQZDWHUTXDOLW\XVLQJEHVWPDQDJHPHQWSUDFWLFHV &216758&7,21352&('85(6 1R FRQVWUXFWLRQ QRU LQVWDOODWLRQRILP SURYHPHQWV VKDOO FRPPHQFH LQ DSUR SRVHG VXEGLYLVLRQ XQWLO D SUHOLPLQDU\VXEGLYLVLRQSODWKDVEHHQDSSURYHGXQGHUWKHSURYLVLRQVRIWKHSubdivision Ordinance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ubdivision Ordinance 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,,, '(9(/230(175(*8/$7,216 &/867(5'(9(/230(17 &OXVWHULQJRIGHYHORSPHQWVKDOORQO\EHGHYHORSHGDVSHUPLWWHGE\WKHKernersville Zoning and Subdivision Ordinances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¶6&5((.6(:(56(59,&($5($:$7(56+('3527(&7,21 58/(6 7KHZDWHUVKHGSURWHFWLRQUXOHVDVVHWRXWLQ6HFWLRQ&³'HHS5LYHU:DWHUVKHG 5LSDULDQ$UHDV´VKDOODOVRDSSO\WRWKDWSRUWLRQRIWKH/RZHU$EERWW¶V&UHHN%DVLQXQGHU WKHSODQQLQJMXULVGLFWLRQRIWKH7RZQRI.HUQHUVYLOOHWKDWFDQEHVHUYHGE\WKHH[WHQGHG VHZHUVHUYLFHDUHDDVLOOXVWUDWHGLQWKH)DFLOLWLHV3ODQ$PHQGPHQWGDWHG)HEUXDU\ IRUDOOWUDFWVRIODQGJUHDWHUWKDQDFUHVRUPXOWLSOHWUDFWVRIWKHVDPHGHYHORSPHQWSURMHFW ZKLFK H[FHHG DFX PXODWLYH WRWDO RI DFUHV H[FHSW QRQUHVLGHQWLDO DQG QRQ FLYLOLQVWLWXWLRQDOODQGXVHVZKLFKVKDOODGKHUHWRWKLVRUGLQDQFHLIWKH\DUHJUHDWHUWKDQ DFUHVZLWKWKHIROORZLQJPRGLILFDWLRQV D =RQHRIWKHSURWHFWHGULSDULDQDUHDVKDOODYHUDJHIHHWLQZLGWKRQDOOVLGHVRI WKHZDWHUERG\7KRVHDUHDVZKHUH=RQHLVDOORZHGWREHOHVVWKDQIHHWVKDOO EHIRUUHFUHDWLRQDOXWLOLW\URDGZD\FURVVLQJVDQGRWKHUSXEOLFSXUSRVHV=RQH VKDOOEHJLQDWWKHWRSRIWKHZDWHUERG\EDQNDQGH[WHQGVODQGZDUGRQDOOVLGHVRI 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,,, WKHZDWHUERG\DQGSHUSHQGLFXODUWRWKHZDWHUERG\ E =RQHVKDOOEHJLQDWWKHRXWHUHGJHRI=RQHZKHUH=RQHLVIHHWRUOHVVDQG VKDOOWHUPLQDWHDWDSRLQWIHHWIURPWKHWRSRIWKHZDWHUERG\EDQN7KH IRRWYHJHWDWLYHEXIIHUUHTXLUHPHQWVIRUWKHKLJKGHQVLW\RSWLRQDVGHILQHGLQWKLV RUGLQDQFHVKDOODOVRDSSO\ F :KHUH SUDFWLFDO FRQQHFWLYLW\ RI XQGLVWXUEHG DQG UHYHJHWDWHG DUHDVV KDOO EH LQFRUSRUDWHGLQWRODQGSODQQLQJDQGILQDOODQGXVHGHVLJQV G 6WRUPZDWHUFRQWUROGHYLFHVVKDOOQRWEHSODFHGLQWKH<HDUIORRGSODLQXQOHVV QRSUDFWLFDODOWHUQDWLYHH[LVWDQGILOOPDWHULDOVKDOOQRWHQFURDFKPRUHWKDQWKDW DOORZHGLQWKH8QLILHG'HYHORSPHQW2UGLQDQFH ,QDFFRUGDQFHZLWKWKHGHILQLWLRQRIULSDULDQEXIIHUVLQ6HFWLRQ&DERYHWKH GHYHORSHUDQGRUSURSHUW\RZQHUVKDOOSURYLGHDQDFFXUDWHGHOLQHDWLRQRIDOOH[LVWLQJ ULSDULDQEXIIHUVRQWKHVXEPLWWHGVLWHSODQ :KHUHLWLVLP SUDFWLFDORULWLVG HHPHGXQIHDVLEOHE\WKH:DWHUVKHG$GPLQLVWUDWRUWR PDLQWDLQ=RQHDWDQDYHUDJHRIIHHWRWKHUPLWLJDWLRQPHDVXUHVPD\EHFRQVLGHUHGLQ RUGHUWRRIIVHWWKHEXIIHUORVV$SSURYHGPLWLJDWLRQPHDVXUHVLQFOXGHEXWDUHQRWOLPLWHG WR LQVWDOODWLRQ RI 6WUXFWXUDO %03¶VVWUHDP UHVWRUDWLRQ VWUHDP SUHVHUYDWLRQ ZHWODQG UHVWRUDWLRQERWWRPODQGKDUGZRRGSUHVHUYDWLRQDQGRSHQVSDFHSUHVHUYDWLRQ ,17(535(7$7,212):$7(56+('$5($%281'$5,(6 ,QWKHLQWHUSUHWDWLRQRIERXQGDULHVRIZDWHUVKHGDUHDVDQGSURSHUWLHVZLWKLQWKHVDPHDVVKRZQRQWKH Watershed Map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atershed Map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¶VPXVWVXEPLWDSSOLFDWLRQVZKLFKXWLOL]HHQJLQHHUHGVWRUPZDWHU FRQWUROVWRFRQWUROUXQRIIIURPWKHILUVWLQFKRIUDLQIDOOPLQLPL]HLPSHUYLRXVDUHDGLUHFWVWRUP ZDWHUWRGHWHQWLRQSRQGVDQGPHHWRWKHUSHUIRUPDQFHFULWHULDDVHVWDEOLVKHGE\6HFWLRQRIWKLV 2UGLQDQFH & 8SRQUHFHLSWRID6,'$UHTXHVWE\DQDSSOLFDQWWKH:DWHUVKHG$GPLQLVWUDWRUVKDOOUHTXHVW UHYLHZRIWKHSURSRVDOE\WKH:DWHUVKHG5HYLHZ&RPPLWWHHDVHVWDEOLVKHGE\6HFWLRQRIWKLV 2UGLQDQFH8SRQUHFRPPHQGDWLRQE\WKH:DWHUVKHG5HYLHZ&RPPLWWHHWKH%RDUGRI$OGHUPHQ VKDOODSSURYHRUGHQ\WKHUHTXHVW,IWKHUHTXHVWLVGHQLHGWKHDSSOLFDQWPD\UHGHVLJQDQGUHVXEPLW WKHUHTXHVW ' 7KH :DWHUVKHG 5HYLHZ&RPPLWWHH VKDOO XVH WKH IROORZLQJ SHUIRUPDQFH FULWHULDWRHY DOXDWH UHTXHVWVIRU6,'$¶V3URMHFWVPXVWKDYHDSRLQWVFRUHRIDWOHDVWWZRKXQGUHGWRTXDOLI\IRUD 6,'$$SXEOLFEXLOGLQJTXDOLILHVIRU6,'$FRQVLGHUDWLRQ 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,,, 7DEOH 3HUIRUPDQFH6WDQGDUGVIRU'HQVLW\%RQXV&KHFNOLVW IRU$OORFDWLRQRIUXOHLQ:DWHUVKHG,,,%: &DWHJRU\ 6WDQGDUG 3RLQWV 7D[%DVH HVWLPDWHGtax value of the land & building(s) of completed project RUPRUH &RQIRUPDQFHWR.HUQHUVYLOOH'HYHORSPHQW3ODQ 'RZQWRZQ'LVWULFW original town boundary 5HYLWDOL]DWLRQRI([LVWLQJ'HYHORSPHQW reuse of existing developed property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ernersville Erosion and Sedimentation Control Ordinance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ame, and professional registration E\ PH RUXQ GHU P\ GLUHFW VXSHUYLVLRQ DQG WKDW WKH SODQV DQG VSHFLILFDWLRQV PHHW DOO UHTXLUHPHQWV RI WKH Kernersville Watershed Ordinance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ernersville Erosion and Sedimentation Control OrdinanceDQGH[FHHGLQJWZRGZHOOLQJXQLWV SHUDFUHRUWZHQW\IRXUSHUFHQWLPSHUYLRXVDUHDVKDOOXWLOL]HHQJLQHHUHGVWRUPZDWHUFRQWUROV WRFRQWUROUXQRIIIURPWKHILUVWLQFKRIUDLQIDOO'HYHORSPHQWVKDOOQRWH[FHHGVHYHQW\SHUFHQW LPSHUYLRXVDUHD +,*+'(16,7<:$7(56+('3(50,7$33/,&$7,21 $ $KLJKGHQVLW\ZDWHUVKHGSHUPLWVKDOOEHUHTXLUHGIRUQHZRUH[SDQGHGGHYHORSPHQWH[FHHGLQJ WKHUHTXLUHPHQWVRIWKHORZGHQVLW\RSWLRQDVHVWDEOLVKHGE\6HFWLRQRIWKLV2UGLQDQFH % $SSOLFDWLRQ IRU D KLJKGHQVLW\ZDWHU VKHG SHUPLW VKDOO EH VXEPLWWHG WR WKH :DWHUVKHG $GPLQLVWUDWRUDQGVKDOOLQFOXGH 7KHVLJQDWXUHRIWKHRZQHURIWKHSURSHUW\H[FHSWWKDWWKHVLJQDWXUHRIWKHHQJLQHHU ODQGVFDSHDUFKLWHFWRURWKHUDJHQWZLOOEHDFFHSWHGRQWKHDSSOLFDWLRQLIDFFRPSDQLHGE\D OHWWHURIDXWKRUL]DWLRQIURPWKHRZQHU )LYH FRSLHV RI WKHVLWHSODQ DSSOLFDWLRQ IRUPV VXEGLYLVLRQ SODW FKHFNOLVW LI DSSOLFDEOHDQGGHWDLOHGLQIRUPDWLRQFRQFHUQLQJLPSHUYLRXVDUHD )LYHFRSLHVRIWKHSODQVDQGVSHFLILFDWLRQVRIWKHVWRUPZDWHUFRQWUROVWUXFWXUHDV UHTXLUHGE\6HFWLRQRIWKLV2UGLQDQFH $QDJUHHPHQWE\DSSOLFDQWWRSODFHXSRQUHFRUGZLWKWKH5HJLVWHURI'HHGVRIWKH &RXQW\ZLWKLQZKLFKWKHVXEMHFWSURSHUW\LVORFDWHGUHVWULFWLYHFRYHQDQWVSURYLGLQJIRUWKH SHUSHWXDOPDLQWHQDQFHRIDOOVWRUPZDWHUFRQWUROVWUXFWXUHVSRQGVDQGGHYLFHVDVUHTXLUHG E\6HFWLRQVDQGKHUHLQ :KHQUHTXLUHGE\WKHKernersville Erosion and Sedimentation Control Ordinance ZULWWHQYHULILFDWLRQWKDWDVRLOHURVLRQDQGVHGLPHQWDWLRQFRQWUROSODQKDVEHHQDSSURYHG E\WKH3HUPLW (QIRUFHPHQW'LYLVLRQDQG 3HUPLWDSSOLFDWLRQIHHVDVHVWDEOLVKHGE\6HFWLRQRIWKLV2UGLQDQFH & +RPHRZQHU¶V3URSHUW\ 2ZQHU¶V )RU WKRVH GHYHORSPHQWV KDYLQJ D SHUPDQHQW VWRUP ZDWHU FRQWURO VWUXFWXUH +RPHRZQHU¶V3URSHUW\ 2ZQHU¶V $VVRFLDWLRQ &RYHQDQWV &RQGLWLRQV DQG 5HVWULFWLRQVDQG$UWLFOHVRI,QFRUSRUDWLRQVKDOOEHUHYLHZHGDQGDSSURYHGE\WKH:DWHUVKHG5HYLHZ &RPPLWWHHSULRUWRUHFRUGDWLRQRIDSODW 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,,, +RPHRZQHU¶V$VVRFLDWLRQVRU3URSHUW\2ZQHU¶V$VVRFLDWLRQVUHVSRQVLEOHIRUSHUPDQHQW VWRUP ZDWHU FRQWURO VWUXFWXUH PDLQWHQDQFH DQG RZQHUVKLS VKDOO EH LQFRUSRUDWHG LQ FRPSOLDQFHZLWKDSSOLFDEOH1RUWK&DUROLQD*HQHUDO6WDWXWHV$VVRFLDWLRQVVKDOOQRWKDYH H[SLUDWLRQGDWHVEXWVKDOOEHSHUSHWXDO 7KH IROORZLQJ WHUPV DQG FRQGLWLRQV VKDOO EH LQFOXGHG LQ WKH +RPHRZQHU¶V3URSHUW\ 2ZQHU¶V $VVRFLDWLRQ &RYHQDQWV &RQGLWLRQV DQG 5HVWULFWLRQV DQG $UWLFOHV RI ,QFRUSRUDWLRQZKLFK$VVRFLDWLRQVDUHUHTXLUHGWRKDYHVWRUPZDWHUFRQWUROVWUXFWXUHVE\ WKH7RZQRI.HUQHUVYLOOH:DWHUVKHG3URWHFWLRQ2UGLQDQFH D 7KH+RPHRZQHU¶V3URSHUW\2ZQHU¶V$VVRFLDWLRQLVUHVSRQVLEOHIRUPDLQWDLQLQJ WKHFRPSOHWHGSHUPDQHQWVWRUPZDWHUWUHDWPHQWVWUXFWXUHVDVGLUHFWHGE\WKH :DWHUVKHG $GPLQLVWUDWRU IRUWK H 7RZQ RI .HUQHUVYLOOH ,I WKH +RPHRZQHU¶V3URSHUW\2ZQHU¶VVKRXOGEHGLVVROYHGRUFHDVHWRH[LVWWKHQLQ WKDWHYHQWDOOWKHRZQHUVRIUHFRUGDWWKHWLPHRIUHTXLUHGPDLQWHQDQFHVKDOOEH MRLQWO\DQGVHYHUDOO\OLDEOHIRUDQ\DQGDOOFRVWVDWWHQGDQWWKHUHWR E $PHQGPHQWVWRWKH+RPHRZQHU¶V3URSHUW\2ZQHU¶V$VVRFLDWLRQ&RYHQDQWV &RQGLWLRQV DQG 5HVWULFWLRQV RU$UWLFOHV RI,Q FRUSRUDWLRQ UHODWLQJ WR WKH PDLQWHQDQFHDQGRZQHUVKLSRIWKHSHUPDQHQWVWRUPZDWHUWUHDWPHQWVWUXFWXUHV VKDOOQRWEHSHUPLWWHGZLWKRXWUHYLHZDQGDSSURYDORIWKH7RZQRI.HUQHUVYLOOH :DWHUVKHG5HYLHZ&RPPLWWHH 7KHIROORZLQJQRWHVDUHUHTXLUHGRQSODWVUHFRUGHGIRU+RPHRZQHU¶V3URSHUW\2ZQHU¶V $VVRFLDWLRQZKLFK$VVRFLDWLRQVDUHUHTXLUHGWRKDYHVWRUPZDWHUFRQWUROVWUXFWXUHVE\ WKH7RZQRI.HUQHUVYLOOH¶V:DWHUVKHG&RQWURO2UGLQDQFH D 7KHRZQHUVRISURSHUW\VKRZQRQWKLVUHFRUGHGSODWVKDOOEHVXEMHFWWRWKHWHUPV DQGFRQGLWLRQVRIWKH+RPHRZQHU¶V3URSHUW\2ZQHU¶V$VVRFLDWLRQ&RYHQDQWV &RQGLWLRQVDQG5HVWULFWLRQVRU$UWLFOHVRI,QFRUSRUDWLRQZKLFKDUHUHFRUGHGDW 'HHG%RRN 3DJH LQWKHRIILFHVRIWKH)RUV\WK&RXQW\5HJLVWHU RI'HHGV E 6KRXOG WKH QDPH RIW KH DVVRFLDWLRQ +RPHRZQHU¶V 3URSHUW\ 2ZQHU¶V $VVRFLDWLRQ FHDVH WR H[LVW RU IDLO WR SURYLGH DGHTXDWH PDLQWHQDQFH RIW KH $VVRFLDWLRQ¶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atershed Protection OrdinanceDQGXSRQILQGLQJWKDWWKHIROORZLQJ FRQGLWLRQVDUHPHW 7KHXVHZLOO QRWHQGDQJHUWKHSXEOLFKHDOWKRUVDIHW\LIORFDWHGZKHUHSURSRVHGDQG GHYHORSHGDFFRUGLQJWRWKHSODQDVVXEPLWWHGDQGDSSURYHGDQG 7KH XVH LVF RQVLVWHQW ZLWK WKH RIILFLDOO\DGRS WHGLand Use Plan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ame, and professional registration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ater Supply Watershed Protection Ordinance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oning Ordinance6HFWLRQ 32:(56$1''87,(62)7+(%2$5'2)$'-8670(17 )RUSXUSRVHVRIWKLV2UGLQDQFHWKH%RDUGRI$GMXVWPHQWVKDOOEHHPSRZHUHGWRKHDUDOODGPLQLVWUDWLYH DSSHDOVDVVHWIRUWKLQ6HFWLRQRIWKLV2UGLQDQFH7KH%RDUGRI$GMXVWPHQWVKDOOKHDUDQGGHFLGH DSSHDOVIURPDQ\GHFLVLRQRUGHWHUPLQDWLRQPDGHE\WKH:DWHUVKHG$GPLQLVWUDWRURU:DWHUVKHG5HYLHZ &RPPLWWHHLQWKHHQIRUFHPHQWRIWKLV2UGLQDQFH 7KH%RDUGRI$GMXVWPHQWVKDOOKHDUDOOVXFKPDWWHUVLQDFFRUGDQFHZLWKWKHUXOHVDQGSURFHGXUHVHVWDEOLVKHG E\WKHZoning Ordinance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³6WRUPZDWHU2UGLQDQFH´,WLVUHIHUUHGWRKHUHLQDV³WKLV RUGLQDQFH´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evelopment DQG redevelopment DOWHUWKHK\GURORJLFUHVSRQVHRIORFDOwatershedsDQGLQFUHDVHVstormwater UXQRIIUDWHVDQGYROXPHVIORRGLQJVRLOHURVLRQVWUHDPFKDQQHOHURVLRQQRQSRLQWDQGSRLQWVRXUFHSROOXWLRQ DQGVHGLPHQWWUDQVSRUWDQGGHSRVLWLRQDVZHOODVUHGXFLQJJURXQGZDWHUUHFKDUJH 7KHVH FKDQJHV LQstormwater UXQRII FRQWULEXWH WR LQFUHDVHG TXDQWLWLHV RI ZDWHUERUQHpollutants DQG DOWHUDWLRQVLQK\GURORJ\ZKLFKDUHKDUPIXOWRSXEOLFKHDOWKDQGVDIHW\DVZHOODVWRWKHQDWXUDOHQYLURQPHQW DQG 7KHVHHIIHFWVFDQEHPDQDJHGDQGPLQLPL]HGE\DSSO\LQJSURSHUGHVLJQDQGZHOOSODQQHGFRQWUROVWRPDQDJH stormwaterUXQRIIIURPdevelopmentVLWHV )XUWKHU WKH )HGHUDO :DWHU 3ROOXWLRQ &RQWURO $FW RI ³Clean Water Act´DQGIHGHUDO3KDVH,, 6WRUPZDWHU5XOHVSURPXOJDWHGXQGHULWDVZHOODVUXOHVRIWKH1RUWK&DUROLQD(QYLURQPHQWDO0DQDJHPHQW &RPPLVVLRQSURPXOJDWHGLQUHVSRQVHWRIHGHUDO3KDVH,,UHTXLUHPHQWVFRPSHOFHUWDLQXUEDQL]HGDUHDV LQFOXGLQJ WKLV MXULVGLFWLRQ WR DGRSW WKH PLQLPXPstormwater FRQWUROV VXFK DVW KRVH LQFOXGHG LQ WKLV RUGLQDQFH 7KHUHIRUHWKH7RZQRI.HUQHUVYLOOH%RDUGRI$OGHUPHQHVWDEOLVKHVWKLVVHWRIZDWHUTXDOLW\DQGTXDQWLW\ UHJXODWLRQVWRPHHWWKHUHTXLUHPHQWVRIVWDWHDQGIHGHUDOODZUHJDUGLQJFRQWURORIstormwaterUXQRIIDQG discharge 385326( D *HQHUDO 7KHSXUSRVHRIWKLVRUGLQDQFHLVWRSURWHFWPDLQWDLQDQGHQKDQFHWKHSXEOLFKHDOWKVDIHW\HQYLURQPHQWDQG JHQHUDOZHOIDUHE\HVWDEOLVKLQJPLQLPXPUHTXLUHPHQWVDQGSURFHGXUHVWRFRQWUROWKHDGYHUVHHIIHFWVRI LQFUHDVHGSRVWdevelopment stormwaterUXQRIIDQGQRQSRLQWDQGSRLQWVRXUFHSROOXWLRQDVVRFLDWHGZLWKnew development DQG redevelopmentDQGE\SUHYHQWLQJWKHLQWURGXFWLRQRISRWHQWLDOO\KDUPIXOPDWHULDOVDQGillicit dischargesLQWRWKH7RZQRI.HUQHUVYLOOHMunicipal Separate Storm Sewer SystemMS4)DQGWRPHHWWKH UHTXLUHPHQWVLQWKH7RZQRI.HUQ HUVYLOOH¶VNational Pollutant Discharge Elimination System3HUPLWIRU 6WRUP:DWHU'LVFKDUJHV1&6HIIHFWLYHGDWH2FWREHU,WKDVEHHQGHWHUPLQHGWKDWSURSHU 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,9 PDQDJHPHQWRIFRQVWUXFWLRQUHODWHGDQGSRVWdevelopmentstormwaterUXQRIIZLOO PLQLPL]H GDPDJH WR SXEOLFDQGSULYDWHSURSHUW\DQGLQIUDVWUXFWXUHVDIHJXDUGWKHSXEOLFKHDOWKVDIHW\DQGJHQHUDOZHOIDUHDQG SURWHFWZDWHUDQGDTXDWLFUHVRXUFHV E 6SHFLILF 7KLVRUGLQDQFHVHHNVWRPHHWLWVJHQHUDOSXUSRVHWKURXJKWKHIROORZLQJVSHFLILFREMHFWLYHVDQGPHDQV (VWDEOLVKLQJGHFLVLRQPDNLQJSURFHVVHVIRUdevelopment WKDWSURWHFWWKHLQWHJULW\RIwatershedsDQG SUHVHUYHWKHKHDOWKRIZDWHUUHVRXUFHV 5HTXLULQJ WKDWnew development DQGredevelopment PDLQWDLQ WKH SUHdevelopment K\GURORJLF UHVSRQVHLQWKHLUSRVWdevelopmentVWDWHDVQHDUO\DVSUDFWLFDEOHIRUWKHDSSOLFDEOHGHVLJQVWRUPLQ RUGHUWRUHGXFHIORRGLQJVWUHDPEDQNHURVLRQQRQSRLQWDQGSRLQWVRXUFHSROOXWLRQDQGLQFUHDVHVLQ VWUHDPWHPSHUDWXUHDQGWRPDLQWDLQWKHLQWHJULW\RIVWUHDPFKDQQHOVDQGDTXDWLFKDELWDWV (VWDEOLVKLQJPLQLPXPSRVWdevelopment stormwaterPDQDJHPHQWVWDQGDUGVDQGGHVLJQFULWHULDIRU WKHUHJXODWLRQDQGFRQWURORIstormwaterUXQRIITXDQWLW\DQGTXDOLW\ (VWDEOLVKLQJ GHVLJQ DQG UHYLHZ FULWHULD IRU WKH FRQVWUXFWLRQ IXQFWLRQ DQG XVH RI VWUXFWXUDO stormwaterBMPsWKDWPD\EHXVHGWRPHHWWKHPLQLPXPSRVWdevelopment stormwater PDQDJHPHQWVWDQGDUGV (QFRXUDJLQJWKHXVHRIEHWWHUPDQDJHPHQWDQGVLWHGHVLJQSUDFWLFHVVXFKDVWKHXVHRIYHJHWDWHG conveyancesIRUstormwaterDQGWKHSUHVHUYDWLRQRIJUHHQVSDFHDQGRWKHUFRQVHUYDWLRQDUHDVWRWKH PD[LPXPH[WHQWSUDFWLFDEOH (VWDEOLVKLQJSURYLVLRQVIRUWKHORQJWHUPUHVSRQVLELOLW\IRUDQGPDLQWHQDQFHRIstructuralDQG nonstructuralstormwaterBMPsWRHQVXUHWKDWWKH\FRQWLQXHWRIXQFWLRQDVGHVLJQHGDUHPDLQWDLQHG DSSURSULDWHO\DQGSRVHQRWKUHDWWRSXEOLFVDIHW\ (VWDEOLVKLQJDGPLQLVWUDWLYHSURFHGXUHVIRUWKHVXEPLVVLRQUHYLHZDSSURYDODQGGLVDSSURYDORI stormwaterPDQDJHPHQWSODQVIRUWKHLQVSHFWLRQRIDSSURYHGSURMHFWVDQGWRDVVXUHDSSURSULDWH ORQJWHUPPDLQWHQDQFH &RQWUROOLQJillicit dischargesLQWRWKH7RZQRI.HUQHUVYLOOHmunicipal separate storm sewer system &RQWUROOLQJHURVLRQDQGVHGLPHQWDWLRQIURPFRQVWUXFWLRQDFWLYLWLHV $VVLJQLQJUHVSRQVLELOLW\DQGSURFHVVHVIRUDSSURYLQJWKHFUHDWLRQDQGPDLQWHQDQFHRIDGHTXDWH drainageDQGIORRGGDPDJHSUHYHQWLRQ 7RUHGXFHWKHdischargeRIpollutantsWRWKHVWRUPVHZHUV\VWHPWRWKHPD[LPXPH[WHQWSUDFWLFDEOH E\ UHTXLULQJ ZKHUH DSSURSULDWH WKH XVH RI EHVW PDQDJHPHQW SUDFWLFHV VWUXFWXUDO DQGRU QRQVWUXFWXUDOVWRUPZDWHUTXDQWLW\DQGTXDOLW\FRQWUROPHDVXUHVDQGRWKHUSURYLVLRQV 7RSURKLELWQRQVWRUPZDWHUdischargesWRWKH7RZQRI.HUQHUVYLOOHmunicipal separate storm sewer systemDQGUHTXLUHWKHUHPRYDORIillicit connections WRWKHmunicipal separate storm sewer system 7RSUHYHQWLPSURSHUGLVSRVDORIPDWHULDOVWKDWGHJUDGHZDWHUTXDOLW\ 7RSHUPLWVDPSOLQJDQGPRQLWRULQJIRUpollutantsVXFKDVWKRVHDVVRFLDWHGZLWKillicit discharges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year, 24-hour storm.7KHVXUIDFHUXQRIIUHVXOWLQJIURPDKRXUUDLQIDOORIDQLQWH QVLW\H[SHFWHGWREH HTXDOHGRUH[FHHGHGRQDYHUDJHRQFHLQPRQWKVDQGZLWKDGXUDWLRQRIKRXUV Best management practice (BMP).$VWUXFWXUDORUQRQVWUXFWXUDOPDQDJHPHQWEDVHGSUDFWLFHXVHGVLQJXODUO\ RULQFRPELQDWLRQWRUHGXFHQRQSRLQWVRXUFHLQSXWVWRUHFHLYLQJZDWHUVLQRUGHUWRDFKLHYHZDWHUTXDOLW\SURWHFWLRQ JRDOV Built-upon area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lean Water Act7KH)HGHUDO:DWHU3ROOXWLRQ&RQWURO$FW86&µHWVHTDQGDQ\VXEVHTXHQW DPHQGPHQWVWKHUHWR Connection.$Q\ditchSLSHRURWKHUGHYLFHIRUWKHGLYHUVLRQRUWUDQVPLVVLRQRIVWRUPdrainageZKLFKZLOO LQDQ\ZD\DIIHFWWKHRSHUDWLRQRUPDLQWHQDQFHRIWKHmunicipal separate storm sewer system Conveyance.$Q\IHDWXUHRIWKHODQGVFDSHRUHDUWKPDQPDGHRUQDWXUDOWKDWFDUULHVZDWHULQDFRQFHQWUDWHG IORZ Design Manual. 7KHSROLF\FULWHULDDQGLQIRUPDWLRQLQFOXGLQJWHFKQLFDOVSHFLILFDWLRQVDQGVWDQGDUGVLQ WKHPRVWFXUUHQWUHYLVLRQRIWKH1RUWK&DUROLQD6WRUPZDWHU%HVW0DQDJHPHQW3UDFWLFHManualKHUHDIWHUUHIHUUHGWR DVWKHDesign ManualVKDOOEHWKHEDVLVIRUGHFLVLRQVDERXWstormwaterSHUPLWVDQGDERXWWKHGHVLJQLPSOHPHQWDWLRQ DQGSHUIRUPDQFHRIstructural DQG non-structural stormwater BMPs$OOUHIHUHQFHVKHUHLQWRWKHDesign ManualDUH WRWKHODWHVWSXEOLVKHGHGLWLRQRUUHYLVLRQ7KHDesign ManualLQFOXGHVDOLVWRIDFFHSWDEOHstormwaterWUHDWPHQW SUDFWLFHVLQFOXGLQJWKHVSHFLILFGHVLJQFULWHULDIRUHDFKstormwaterSUDFWLFHStormwaterWUHDWPHQWSUDFWLFHVWKDWDUH GHVLJQHGFRQVWUXFWHGDQGPDLQWDLQHGLQDFFRUGDQFHZLWKWKHVHGHVLJQDQGVL]LQJFULWHULDZLOOEHSUHVXPHGWRPHHW WKHPLQLPXPZDWHUTXDOLW\SHUIRUPDQFHVWDQGDUGVRIWKH3KDVH,,ODZV Developer.$personHQJDJHGLQODQGVLWHRUEXLOGLQJdevelopment Development.$Q\ODQGGLVWXUELQJDFWLYLW\ZKLFKDGGVWRRUFKDQJHVWKHDPRXQWRILPSHUYLRXVRUSDUWLDOO\ LPSHUYLRXVFRYHURQDODQGDUHDRUZKLFKRWKHUZLVHGHFUHDVHVWKHLQILOWUDWLRQRISUHFLSLWDWLRQLQWRWKHVRLO Discharge.$GGLWLRQVRIpollutantsLQWRZDWHUVRIWKH8QLWHG6WDWHVIURP6XUIDFHUXQRIIZKLFKLVFROOHFWHG RUFKDQQHOHGE\PDQdischargesWKURXJKSLSHVVHZHUVRURWKHUconveyanceRZQHGE\DVWDWHGPXQLFLSDOLW\RURWKHU personZKLFKGRHVQRWOHDGWRDWUHDWPHQWZRUNVDQGdischargesWKURXJKSLSHVVHZHUVRURWKHUconveyanceOHDGLQJ LQWRSULYDWHO\RZQHGWUHDWPHQWZRUNV Ditch/swale.2SHQFKDQQHOWKDWLQILOWUDWHVDQGRUWUDQVSRUWVUXQRIIZDWHUV Drainage.7KHIORZRIUXQRIILQWRDconveyance Drainage easement.$QHDVHPHQWZKLFKJUDQWVWRWKHERDUGRIDOGHUPDQWKHULJKWWRPDLQWDLQconveyances 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,9 RIdrainageVWUXFWXUHV Easement.$JUDQWRIRQHRUPRUHRIWKHSURSHUW\ULJKWVE\WKHSURSHUW\ownerWRRUIRUXVHE\WKH SXEOLFDFRUSRUDWLRQRURWKHUHQWLW\ Erosion.7KHZHDULQJDZD\RIODQGVXUIDFHE\WKHDFWLRQRIZLQGZDWHUJUDYLW\RUDQ\FRPELQDWLRQWKHUHRI Existing development.7KRVHSURMHFWVWKDWDUHEXLOWLQDQRQZDWHUVXSSO\ZDWHUVKHGWKDWDWDPLQLPXPIRU ZKLFKDYHVWHGULJKWKDVEHHQHVWDEOLVKHGXQGHU1RUWK&DUROLQD]RQLQJODZEDVHGRQDWOHDVWRQHRIWKHIROORZLQJ FULWHULDVXEVWDQWLDOH[SHQGLWXUHRIUHVRXUFHVEDVHGRQDJRRGIDLWKUHOLDQFHXSRQDYDOLGORFDOJRYHUQPHQWDSSURYDO WRSURFHHGZLWKDSURMHFWRULVVXDQFHRIDYDOLGEXLOGLQJSHUPLWRUVXEVWDQWLDOH[SHQGLWXUHRIUHVRXUFHVEDVHG RQDQDSSURYHGVLWHVSHFLILFGHYHORSPHQWSODQ Facility$Q\ODQGXVHLQFOXGLQJEXWQRWOLPLWHGWRFRPPHUFLDOLQGXVWULDODQGUHVLGHQWLDOODQGXVHVDQG DQ\RWKHUVRXUFHLQFOXGLQJEXWQRWOLPLWHGWRPRWRUYHKLFOHVDQGUROOLQJVWRFNWKDWGLUHFWO\FRQWULEXWHFDXVHRUSHUPLW WKHFRQWULEXWLRQRIDQ\dischargeLOOLFLWRURWKHUZLVHWRWKH06 Garbage.$OOQRQKD]DUGRXVDQGQRQPHGLFDOVROLGZDVWHLQFOXGLQJDQLPDODQGYHJHWDEOHVROLGZDVWH UHVXOWLQJIURPWKHKDQGOLQJSUHSDUDWLRQFRRNLQJDQGFRQVXPSWLRQRIIRRGLQFOXGLQJWKHPLQLPDODPRXQWRIOLTXLG QHFHVVDULO\LQFLGHQWWKHUHWR Geotextile Fabric.*HRWH[WLOHIDEULFPHDQVDSHUPHDEOHJHRV\QWKHWLFFRPSULVHGVROHO\RIQRQELRGHJUDGDEOH WH[WLOHV Having control over.6KDOOPHDQEXWQRWEHOLPLWHGWRDQ\personXVLQJWUDQVIHUULQJVWRULQJRUWUDQVSRUWLQJ Dhazardous materialLPPHGLDWHO\SULRUWRUHOHDVHRIVXFKhazardous materialRQWKHODQGRULQWRWKHDLURUWKHZDWHUV RIWKHWRZQ Hazardous material.$Q\VXEVWDQFHZKLFKZKHQdischargedLQDQ\TXDQWLW\PD\SUHVHQWDQHPLQHQWDQG VXEVWDQWLDOGDQJHUWRWKHSXEOLFKHDOWKRUZHOIDUHRUWRWKHHQYLURQPHQWRUDQ\VXEVWDQFHOLVWHGLQ6$5$7LWOH,,, 6HFWLRQH[WUHPHO\KD]DUGRXVVXEVWDQFHV&(5&/$KD]DUGRXVVXEVWDQFHVRU6HFWLRQRIWKH&OHDQ:DWHU $FWRLODQGKD]DUGRXVVXEVWDQFHV Hazardous material response.7KHVHQGLQJRIILUHGHSDUWPHQWHTXLSPHQWWRDEDWHhazardous materials ZKLFKHQGDQJHUWKHKHDOWKRUVDIHW\RIpersonsRUWKHHQYLURQPHQW High-density project.$Q\SURMHFWWKDWH[FHHGVWKHlow-densityWKUHVKROGIRUGZHOOLQJXQLWVSHUDFUHDQG built-upon area Illicit connection.$Qillicit connectionLVHLWKHURIWKHIROORZLQJ $Q\conveyanceWKDWDOORZVRUPD\DOORZDQIllicit DischargeWRHQWHUWKH06RU $Q\SLSHOLQHditchRURWKHUconveyanceFRQQHFWHGWRWKH06ZKLFKKDVQRWEHHQGRFXPHQWHGLQ FRQVWUXFWLRQRUVLWHSODQVDEXLOGLQJSHUPLWPDSVRURWKHUHTXLYDOHQWUHFRUGVE\ZKLFKWKH7RZQRI .HUQHUVYLOOHZRXOGKDYHH[SUHVVQRWLFHRIWKHH[LVWHQFHDQGORFDWLRQWRWKH06 Illicit discharge.$Q\dischargeWRDmunicipal separate storm sewer system (MS4)WKDWLVQRWFRPSRVHG HQWLUHO\RIVWRUPZDWHUH[FHSWdischargeVSXUVXDQWWRD13'(6SHUPLWRWKHUWKDQWKH13'(6SHUPLWIRUdischarges IURPWKHMS4 DQGdischargesUHVXOWLQJIURPILUHILJKWLQJDFWLYLWLHV Impervious surface.$QDUHDFRPSRVHGRIDQ\PDWHULDOWKDWLPSHGHVRUSUHYHQWVQDWXUDOLQILOWUDWLRQRIZDWHU LQWRWKHVRLO,PSHUYLRXVDUHDVKDOOLQFOXGHEXWDUHQRWOLPLWHGWRURRIVGHFNVGULYHZD\VSDWLRVVLGHZDONVSDUNLQJ DUHDVWHQQLVFRXUWVFRQFUHWHRUDVSKDOWVWUHHWVFUXVKHGVWRQHDQGJUDYHOVXUIDFHV Larger common plan of development or sale.$Q\DUHDZKHUHPXOWLSOHVHSDUDWHDQGGLVWLQFWFRQVWUXFWLRQRU ODQGGLVWXUELQJDFWLYLWLHVZLOORFFXUXQGHURQHSODQ$SODQLVDQ\DQQRXQFHPHQWRUSLHFHRIGRFXPHQWDWLRQLQFOXGLQJ EXWQRWOLPLWHGWRDVLJQSXEOLFQRWLFHRUKHDULQJVDOHVSLWFKDGYHUWLVHPHQWORDQDSSOLFDWLRQGUDZLQJSHUPLW DSSOLFDWLRQ]RQLQJUHTXHVWRUFRPSXWHUGHVLJQRUSK\VLFDOGHPDUFDWLRQLQFOXGLQJEXWQRWOLPLWHGWRERXQGDU\VLJQV ORWVWDNHVRUVXUYH\RUPDUNLQJVLQGLFDWLQJWKDWFRQVWUXFWLRQDFWLYLWLHVPD\RFFXURQDVSHFLILFSORW Low-density project.$SURMHFWWKDWKDVQRPRUHWKDQWZRGZHOOLQJXQLWVSHUDFUHRUWZHQW\IRXUSHUFHQW built-upon area %8$IRUDOOUHVLGHQWLDODQGQRQUHVLGHQWLDOdevelopment Municipal separate storm sewer (MS4).)RUUHJXODWRU\SXUSRVHVDconveyanceRUV\VWHPRIconveyances LQFOXGLQJVWRUPGUDLQV\VWHPVURDGVZLWKdrainageV\VWHPVPXQLFLSDOVWUHHWVFDWFKEDVLQVFXUEVJXWWHUVditches PDQPDGHFKDQQHOVRUVWRUPGUDLQVZLWKLQWKH7RZQOLPLWVDQGLQDQ\RIWKHH[WUDWHUULWRULDOMXULVGLFWLRQV National Pollutant Discharge Elimination System (NPDES).$SHUPLWWLQJV\VWHPHVWDEOLVKHGE\6HFWLRQ RIWKHClean Water Act3HUPLWVDUHLVVXHGE\WKH6WDWHRI1RUWK&DUROLQDIRUdischargesGLUHFWO\WRWKHVXUIDFH ZDWHUVRIWKHVWDWH New development.$Q\DFWLYLW\IRUZKLFKDEXLOGLQJSHUPLWRUDJUDGLQJSHUPLWLVUHTXLUHGRUDQ\RIWKH IROORZLQJZLWKRXWUHJDUGWRDSHUPLWUHTXLUHPHQWFOHDULQJVWULSSLQJGUHGJLQJJUDGLQJH[FDYDWLQJWUDQVSRUWLQJDQG ILOOLQJRIODQG Non StructuralBest management practice (BMP). $ QRQVWUXFWXUDO PDQDJHPHQWEDVHG SUDFWLFH XVHG 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,9 VLQJXODUO\RULQFRPELQDWLRQWRUHGXFHQRQSRLQWVRXUFHLQSXWVWRUHFHLYLQJZDWHUVLQRUGHUWRDFKLHYHZDWHUTXDOLW\ SURWHFWLRQJRDOV Outfall.$SRLQWVRXUFHDWWKHSRLQWZKHUHDMS4dischargesWRZDWHUVRIWKH8QLWHG6WDWHVDQGGRHVQRW LQFOXGHRSHQconveyancesFRQQHFWLQJWZRPXQLFLSDOVHSDUDWHVWRUPVHZHUVRUSLSHVWXQQHOVRURWKHUconveyances ZKLFKFRQQHFWVHJPHQWVRIWKHVDPHVWUHDPRURWKHUZDWHUVRIWKH8QLWHG6WDWHVDQGDUHXVHGWRFRQYH\ZDWHUVRIWKH 8QLWHG6WDWHV Owner.7KHOHJDORUEHQHILFLDOownerRIODQGLQFOXGLQJEXWQRWOLPLWHGWRDPRUWJDJHHRUYHQGHHLQ SRVVHVVLRQUHFHLYHUH[HFXWRUWUXVWHHRUORQJWHUPRUFRPPHUFLDOOHVVHHRUDQ\RWKHUpersonRUHQWLW\KROGLQJ SURSULHWDU\ULJKWVLQWKHSURSHUW\RUKDYLQJOHJDOSRZHURIPDQDJHPHQWDQGFRQWURORIWKHSURSHUW\³Owner´VKDOO LQFOXGHORQJWHUPFRPPHUFLDOWHQDQWVPDQDJHPHQWHQWLWLHVVXFKDVWKRVHFKDUJHGZLWKRUHQJDJHGLQWKHPDQDJHPHQW RISURSHUWLHVIRUSURILWDQGHYHU\personRUHQWLW\KDYLQJMRLQWRZQHUVKLSRIWKHSURSHUW\$VHFXUHGOHQGHUQRWLQ SRVVHVVLRQRIWKHSURSHUW\GRHVQRWFRQVWLWXWHDQownerXQOHVVWKHVHFXUHGOHQGHULVLQFOXGHGZLWKLQWKHPHDQLQJRI ³owner´XQGHUDQRWKHUGHVFULSWLRQLQWKLVGHILQLWLRQVXFKDVDPDQDJHPHQWHQWLW\ Performance Bond.$JXDUDQWHHDJDLQVWORVVRUGDPDJHIURPRQH¶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¶VIXOOLQWHQWWRSHUIRUP ( 7KH3HUIRUPDQFH6XUHW\VKDOOVWDWHWKHVXUHW\VKDOOVWD\LQIX OOIRUFHDQGHIIHFWXQ WLOREOLJHHQRWLILHV SULQFLSDOWKDWDOOREOLJDWLRQVVWDWHGZLWKLQWKH3HUIRUPDQFH6XUHW\KDYHEHHQVDWLVILHGLQWKHLUHQWLUHW\ Performance Surety.$JXDUDQWHHDJDLQVWORVVRUGDPDJHIURPRQH¶VIDLOXUHWRSHUIRUPDQGDSK\VLFDORU ILQDQFLDOJXDUDQWHHIRUWKHIXOILOOPHQWRIDQREOLJDWLRQ3HUIRUPDQFH6XUHWLHVPD\EHLQWKHIRUPRI6WDQGE\/HWWHUV RI&UHGLW3HUIRUPDQFH%RQGVDQG&DVK Person.$Q\LQGLYLGXDOSDUWQHUVKLSFRSDUWQHUVKLSILUPFRPSDQ\FRUSRUDWLRQDVVRFLDWLRQMRLQWVWRFN FRPSDQ\WUXVWHVWDWHJRYHUQPHQWDOHQWLW\RUWKHLUOHJDOUHSUHVHQWDWLYHDJHQWVRUDVVLJQV Pollutant$Q\VXEVWDQFHWKDWFRQWULEXWHVWRRUFDXVHVSROOXWLRQLQFOXGLQJEXWQRWOLPLWHGWRSDLQWV YDUQLVKHVVROYHQWVRLORURWKHUDXWRPRWLYHIOXLGVKD]DUGRXVDQGQRQKD]DUGRXVOLTXLGVVROLGVDQGZDVWHV\DUG ZDVWHVrefuseUXEELVKgarbageOLWWHUDQGIORDWDEOHVSHVWLFLGHVKHUELFLGHVDQGIHUWLOL]HUVVHZDJHIHFDOFROLIRPVDQG SDWKRJHQVGLVVROYHGDQGSDUWLFXODWHPHWDOVDQLPDOZDVWHVZDVWHVDQGUHVLGXHVWKDWUHVXOWIURPFRQVWUXFWLQJD VWUXFWXUHRWKHUGLVFDUGHGRUDEDQGRQHGREMHFWVDQGDFFXPXODWLRQVRUDQ\QR[LRXVRURIIHQVLYHPDWWHURIDQ\NLQG WKDWPD\FDXVHRUFRQWULEXWHWRSROOXWLRQ Preliminary Plat.7KHILQDOPDSRIDOORUDSRUWLRQRIDVXEGLYLVLRQRUVLWHVKRZLQJWKHERXQGDULHVDQG ORFDWLRQRIORWVVWUHHWVHDVHPHQWVDQGDQ\RWKHUUHTXLUHPHQWVRIWKHSubdivision OrdinanceZKLFKLVSUHVHQWHGIRU ORFDOJRYHUQPHQWDSSURYDODQGVXEVHTXHQWUHFRUGDWLRQZLWKWKH5HJLVWHURI'HHGV Redevelopment.$Q\UHEXLOGLQJDFWLYLW\RWKHUWKDQDUHEXLOGLQJDFWLYLW\WKDWUHVXOWVLQQRQHWLQFUHDVHLQ built-upon area DQGSURYLGHVHTXDORUJUHDWHUstormwaterFRQWUROWKDQWKHSUHYLRXVdevelopment Refuse.6ROLGZDVWHLQFOXGLQJEXWQRWOLPLWHGWRgarbageUXEELVKDQGDVKHV Riparian bufferRUstream buffer.$QDUHDRIQDWLYHRUQRQQDWLYHZRRG\YHJHWDWLRQDGMDFHQWWRDVWUHDPRU RWKHUQDWXUDOconveyanceRIZDWHURUVWRUPZDWHU Soil erosion and sedimentation plan.7KHJUDSKLFSODQLQFOXGLQJQDUUDWLYHZKHUHDSSURSULDWHUHTXLUHGE\ WKHGHYHORSPHQWRUGLQDQFHDVDSUHUHTXLVLWHIRUDJUDGLQJSHUPLWWKHSXUSRVHRIZKLFKLVWRH[SODLQH[LVWLQJFRQGLWLRQV DQGSURSRVHGJUDGLQJRIODQGLQFOXGLQJDQ\developmentDQGWRGHVFULEHWKHDFWLYLWLHVDQGPHDVXUHVWREHXQGHUWDNHQ WRFRQWURODFFHOHUDWHGVRLOHURVLRQDQGVHGLPHQWDWLRQ Standby Letter of Credit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tormwater$Q\VXUIDFHIORZUXQRIIRUdrainageFRQVLVWLQJHQWLUHO\RIZDWHUIURPDQ\IRUPRIQDWXUDO SUHFLSLWDWLRQDQGUHVXOWLQJIURPVXFKSUHFLSLWDWLRQ Stormwater Administrator.$QRIILFLDORURWKHUSHUVRQGHVLJQDWHGE\WKH7RZQWREHUHVSRQVLEOHIRUWKH DGPLQLVWUDWLRQDQGHQIRUFHPHQWRI$UWLFOH,9RIWKH8QLILHG'HYHORSPHQW2UGLQDQFHV Stormwater Review Committee.$VWDIIOHYHOUHYLHZDQGDGYLVRU\FRPPLWWHHDSSRLQWHGE\WKHStormwater AdminLVWUDWRU IRU FRQVXOWDWLRQ UHJDUGLQJ GHVLJQ SODQ UHYLHZ HQIRUFHPHQW RSWLRQV DQG RWKHU PDWWHUV UHODWHGWR DGPLQLVWUDWLRQDQGHQIRUFHPHQWRI$UWLFOH,9RIWKH8QLILHG'HYHORSPHQW2UGLQDQFHV Structural BMP.$SK\VLFDOGHYLFHGHVLJQHGWRWUDSVHWWOHRXWRUILOWHUpollutantsIURPstormwaterUXQRII WRDOWHURUUHGXFHstormwaterUXQRIIYHORFLW\DPRXQWWLPLQJRURWKHUFKDUDFWHULVWLFVWRDSSUR[LPDWHWKHSUH developmentK\GURORJ\RQDGHYHORSHGVLWHRUWRDFKLHYHDQ\FRPELQDWLRQRIWKHVHJRDOVStructuralBMPLQFOXGHV SK\VLFDOSUDFWLFHVVXFKDVFRQVWUXFWHGZHWODQGVYHJHWDWLYHSUDFWLFHVILOWHUVWULSVJUDVVHGswalesDQGRWKHUPHWKRGV LQVWDOOHGRUFUHDWHGRQUHDOSURSHUW\³Structural BMP´LVV\QRQ\PRXVZLWK³VWUXFWXUDOSUDFWLFH´³stormwaterFRQWURO facility´ ³stormwater FRQWUROSUDFWLFH´³stormwater WUHDWPHQW SUDFWLFH´ ³stormwater PDQDJHPHQW SUDFWLFH´ ³stormwaterFRQWUROPHDVXUHV´³stormwaterWUHDWPHQWV\VWHPV´DQGVLPLODUWHUPVXVHGLQWKLVRUGLQDQFH Substantial progress. )RUWKHSXUSRVHVRIGHWHUPLQLQJZKHWKHUVXIILFLHQWSURJUHVVKDVEHHQPDGHRQDQ DSSURYHGSODQRQHRUPRUHRIWKHIROORZLQJFRQVWUXFWLRQDFWLYLWLHVWRZDUGWKHFRPSOHWLRQRIDVLWHRUVXEGLYLVLRQSODQ VKDOORFFXUREWDLQLQJDJUDGLQJSHUPLWDQGFRQGXFWLQJJUDGLQJDFWLYLW\RQDFRQWLQXRXVEDVLVDQGQRWGLVFRQWLQXHG IRUPRUHWKDQWKLUW\GD\VRULQVWDOODWLRQDQGDSSURYDORIRQVLWHLQIUDVWUXFWXUHRUREWDLQLQJDEXLOGLQJSHUPLWIRU WKHFRQVWUXFWLRQDQGDSSURYDORIDEXLOGLQJIRXQGDWLRQ³Substantial progress´IRUSXUSRVHVRIGHWHUPLQLQJZKHWKHU DQDSSURYHGSODQLVQXOODQGYRLGLVQRWQHFHVVDULO\WKHVDPHDV³VXEVWDQWLDOH[SHQGLWXUHV´XVHGIRUGHWHUPLQLQJYHVWHG ULJKWVSXUVXDQWWRDSSOLFDEOHODZ Substantial redevelopment.$QLQFUHDVHRUFKDQJHLQLPSHUYLRXVDUHDWKDWLPSDFWVWKHMS4 Town Manager.7KHTown ManagerDVDSSRLQWHGE\WKH%RDUGRI$OGHUPHQRIWKH7RZQRI.HUQHUVYLOOH RUKLVGHVLJQHH Watershed.7KHHQWLUHODQGDUHDFRQWULEXWLQJWRVXUIDFHdrainageWRDVSHFLILFSRLQW 5,*+72)(175< D 7KHtown managerRUKLVGHVLJQHHVKDOOKDYHULJKWRIHQWU\RQRUXSRQWKHSURSHUW\RUfacilityRI DQ\personVXEMHFWWRWKLVFKDSWHUDQGDQ\SHUPLWGRFXPHQWLVVXHGKHUHXQGHU7KHtown managerRUKLV GHVLJQHHVKDOOEHSURYLGHGUHDG\DFFHVVWRDOOSDUWVRIWKHSUHPLVHVIRUWKHSXUSRVHVRILQVSHFWLRQPRQLWRULQJ VDPSOLQJLQYHQWRU\UHFRUGVH[DPLQDWLRQDQGFRS\LQJDQGWKHSHUIRUPDQFHRIDQ\RWKHUGXWLHVQHFHVVDU\WR GHWHUPLQHFRPSOLDQFHZLWKWKLVFKDSWHU E :KHUHDpersonKDVVHFXULW\PHDVXUHVLQIRUFHZKLFKUHTXLUHSURSHULGHQWLILFDWLRQDQGFOHDUDQFH EHIRUHHQWU\LQWRLWVSUHPLVHVWKHpersonVKDOOPDNHQHFHVVDU\DUUDQJHPHQWVZLWKLWVVHFXULW\JXDUGVVRWKDW XSRQSUHVHQWDWLRQRIVXLWDEOHLGHQWLILFDWLRQWKHtown managerRUKLVGHVLJQHHZLOOEHSHUPLWWHGWRHQWHU ZLWKRXWGHOD\IRUWKHSXUSRVHVRISHUIRUPLQJVSHFLILFUHVSRQVLELOLWLHV F 7KHtown managerRUKLVGHVLJQHHVKDOOKDYHWKHULJKWWRVHWXSRQWKHperson'sSURSHUW\VXFKGHYLFHV 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,9 DVDUHQHFHVVDU\WRFRQGXFWVDPSOLQJDQGRUPHWHULQJRIWKHperson'sRSHUDWLRQV G $Q\WHPSRUDU\RUSHUPDQHQWREVWUXFWLRQWRVDIHDQGHDV\DFFHVVWRWKHDUHDVWREHLQVSHFWHGDQGRU PRQLWRUHGVKDOOEHUHPRYHGSURPSWO\E\WKHpersonDWWKHZULWWHQRUYHUEDOUHTXHVWRIWKHtown managerRU KLVGHVLJQHH7KHFRVWVRIFOHDULQJVXFKDFFHVVVKDOOEHERUQHE\WKHperson H 7KHtown manager RU KLV GHVLJQHH PD\ LQVSHFW WKH IDFLOLWLHVR I DQ\X VHU LQ RUGHUW R HQVXUH FRPSOLDQFHZLWKWKLVFKDSWHU6XFKLQVSHFWLRQVKDOOEHPDGHZLWKWKHFRQVHQWRIWKHownerPDQDJHURU VLJQDWRU\RIILFLDO,IVXFKFRQVHQWLVUHIXVHGWKHtown managerRUKLVGHVLJQHHPD\VHHNLVVXDQFHRUDQ DGPLQLVWUDWLYHVHDUFKZDUUDQW $33/,&$%,/,7<$1'-85,6',&7,21 $ *HQHUDO 7KLVRUGLQDQFHVKDOOEHHIIHFWLYHEHJLQQLQJ2FWREHU%HJLQQLQJZLWKDQGVXEVHTXHQWWRLWVHIIHFWLYH GDWHWKLVRUGLQDQFHVKDOOEHDSSOLFDEOHWRDOOdevelopmentDQGredevelopmentLQFOXGLQJEXWQRWOLPLWHGWR VLWH SODQ DSSOLFDWLRQV VXEGLYLVLRQ DSSOLFDWLRQV DQG JUDGLQJ DSSOLFDWLRQV XQOHVV H[HPSW SXUVXDQW WR 6XEVHFWLRQ%RIWKLV6HFWLRQ([HPSWLRQVEHORZ % ([HPSWLRQV DevelopmentWKDWFXPXODWLYHO\GLVWXUEVOHVVWKDQRQHDFUHDQGLVQRWSDUWRIDlarger common plan of development or saleLVH[HPSWIURPWKHSURYLVLRQVRIWKLVRUGLQDQFH RedevelopmentWKDWFXPXODWLYHO\GLVWXUEVOHVVWKDQRQHDFUHDQGLVQRWSDUWRIDODUJHUFRPPRQSODQRI developmentRUVDOHLVH[HPSWIURPWKHSURYLVLRQVRIWKLVRUGLQDQFH DevelopmentDQGredevelopmentWKDWGLVWXUEOHVVWKDQRQHDFUHDUHQRWH[HPSWLIVXFKDFWLYLWLHVDUHSDUWRID larger common plan of development or saleHYHQWKRXJKPXOWLSOHVHSDUDWHRUGLVWLQFWDFWLYLWLHVWDNHSODFH DWGLIIHUHQWWLPHVRQGLIIHUHQWVFKHGXOHV $FWLYLWLHVWKDWDUHH[HPSWIURPSHUPLWUHTXLUHPHQWVRI6HFWLRQRIWKHIHGHUDOClean Water ActDV VSHFLILHGLQ&)5SULPDULO\RQJRLQJIDUPLQJDQGIRUHVWU\DFWLYLWLHVDUHH[HPSWIURPWKHSURYLVLRQV RIWKLVRUGLQDQFH & 9HVWLQJ DevelopmentRUredevelopmentSURMHFWVFRQGXFWHGSXUVXDQWWRRQHRIWKHIROORZLQJDXWKRUL]DWLRQVREWDLQHG SULRUWRWKHHIIHFWLYHGDWHRIWKLVRUGLQDQFHDUHGHWHUPLQHGWREHYHVWHGLQDFFRUGDQFHZLWKWKHSURYLVLRQVRI 1RUWK&DUROLQD*HQHUDO6WDWXWH$DQG&KDSWHU%6HFWLRQRIWKH8QLILHG'HYHORSPHQW 2UGLQDQFHVDQGVKDOOWKXVEHH[HPSWIURPFRPSO\LQJZLWKDOOSURYLVLRQVRIWKLVRUGLQDQFHGHDOLQJZLWKWKH FRQWURODQGRUPDQDJHPHQWRISRVWFRQVWUXFWLRQUXQRIIEXWVKDOOEHUHTXLUHGWRFRPSO\ZLWKDOORWKHU DSSOLFDEOHSURYLVLRQVLQFOXGLQJEXWQRWOLPLWHGWRORFDOillicit dischargeRUGLQDQFHVDQGORFDOHURVLRQDQG VHGLPHQWFRQWURORUGLQDQFHV DEXLOGLQJSHUPLW DVLWHVSHFLILFGHYHORSPHQWSODQ DYHVWHGULJKWSXUVXDQWWRVWDWXWRU\RUORFDOODZ &KDQJHVWRDQ\RIWKHDERYHOLVWHGDXWKRUL]DWLRQVPD\QHJDWHYHVWHGULJKWVWDWXVDQGVXEMHFWWKHdevelopment RUredevelopmentWRWKHSURYLVLRQVRIWKLVRUGLQDQFH ' 9LRODWLRQV&RQWLQXH $Q\YLRODWLRQRISURYLVLRQVH[LVWLQJRQWKHHIIHFWLYHGDWHRIWKLVRUGLQDQFHVKDOOFRQWLQXHWREHDYLRODWLRQ 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,9 XQGHUWKLVRUGLQDQFHDQGEHVXEMHFWWRSHQDOWLHVDQGHQIRUFHPHQWXQGHUWKLVRUGLQDQFHXQOHVVWKHXVH developmentFRQVWUXFWLRQRURWKHUDFWLYLW\FRPSOLHVZLWKWKHSURYLVLRQVRIWKLVRUGLQDQFH ( 1R'HYHORSPHQWRU5HGHYHORSPHQW8QWLO&RPSOLDQFHDQG3HUPLW 1RdevelopmentRUredevelopmentVKDOORFFXUH[FHSWLQFRPSOLDQFHZLWKWKHSURYLVLRQVRIWKLVRUGLQDQFHRU XQOHVVH[HPSWHG1RdevelopmentIRUZKLFKDSHUPLWLVUHTXLUHGSXUVXDQWWRWKLVRUGLQDQFHVKDOORFFXUH[FHSW LQFRPSOLDQFHZLWKWKHSURYLVLRQVFRQGLWLRQVDQGOLPLWDWLRQVRIWKHSHUPLW ) 0DS 7KH SURYLVLRQV RIW KLV RUGLQDQFH VKDOO DSSO\ ZLWKLQ WKH DUHDVG HVLJQDWHG RQ WKH PDS WLWOHG 3KDVH ,, 6WRUPZDWHU0DSRIWKH7 RZQRI.HUQHUVYLOOH1RUWK&DUROLQDWKH6WRUPZDWHU0DSZKLFKLVDGRSWHG VLPXOWDQHRXVO\KHUHZLWK7KH6WRUPZDWHU0DSDQGDOOH[SODQDWRU\PDWWHUFRQWDLQHGWKHUHRQDFFRPSDQ\DQG DUHKHUHE\PDGHDSDUWRIWKLVRUGLQDQFH 7KH6WRUPZDWHU0DSVKDOOEHNHSWRQILOHE\WKHStormwater AdministratorDQGVKDOOEHXSGDWHGWRWDNHLQWR DFFRXQWFKDQJHVLQWKHODQGDUHDFRYHUHGE\WKLVRUGLQDQFHDQGWKHJHRJUDSKLFORFDWLRQRIDOOstructural BMPs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¶V8QLILHG 'HYHORSPHQW2UGLQDQFHWKHPHDQLQJDQGDSSOLFDWLRQRIWKHWHUPLQWKLVRUGLQDQFHVKDOOFRQWURO IRUSXUSRVHVRIDSSOLFDWLRQRIWKLVRUGLQDQFH % 7H[W&RQWUROVLQ(YHQWRI&RQIOLFW ,QWKHHYHQWRIDFRQIOLFWRULQFRQVLVWHQF\EHWZHHQWKHWH[WRIWKLVRUGLQDQFHDQGDQ\KHDGLQJ FDSWLRQILJXUHLOOXVWUDWLRQWDEOHRUPDSWKHWH[WVKDOOFRQWURO & $XWKRULW\IRU,QWHUSUHWDWLRQ 7KHStormwater AdministratorKDVDXWKRULW\WRGHWHUPLQHWKHLQWHUSUHWDWLRQRIWKLVRUGLQDQFH$Q\ SHUVRQ PD\ UHTXHVW DQLQ WHUSUHWDWLRQ E\ VXEPLWWLQJ DZULWWHQ UHTXHVWWR WKHStormwater AdministratorZKRVKDOOUHVSRQGLQZULWLQJZLWKLQGD\V7KHStormwater AdministratorVKDOO NHHSRQILOHDUHFRUGRIDOOZULWWHQLQWHUSUHWDWLRQVRIWKLVRUGLQDQFH$SSHDOVIURPDQ\LQWHUSUHWDWLRQ LVVXHGE\WKHStormwater AdministratorVKDOOEHILOHGLQDFFRUGDQFHZLWKWKHSURYLVLRQVRI6HFWLRQ ' 5HIHUHQFHVWR6WDWXWHV5HJXODWLRQVDQG'RFXPHQWV :KHQHYHUUHIHUHQFHLVPDGHWRDUHVROXWLRQRUGLQDQFHVWDWXWHUHJXODWLRQPDQXDOLQFOXGLQJWKH Design Manual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tormwater AdministratorRIWKH7RZQ RI.HUQHUVYLOOHPD\EHFDUULHGRXWE\KLVRUKHUGHVLJQHH * 8VDJH 0DQGDWRU\DQG'LVFUHWLRQDU\7HUPV 7KHZRUGV³VKDOO´³PXVW´DQG³ZLOO´DUHPDQGDWRU\LQQDWXUHHVWDEOLVKLQJDQREOLJDWLRQRUGXW\WR FRPSO\ZLWKWKHSDUWLFXODUSURYLVLRQ7KHZRUGV³PD\´DQG³VKRXOG´DUHSHUPLVVLYHLQQDWXUH &RQMXQFWLRQV 8QOHVVWKHFRQWH[WFOHDUO\LQGLFDWHVWKHFRQWUDU\FRQMXQFWLRQVVKDOOEHLQWHUSUHWHGDVIROORZV7KH ZRUG³DQG´LQGLFDWHVWKDWDOOFRQQHFWHGLWHPVFRQGLWLRQVSURYLVLRQVRUHYHQWVDSSO\7KHZRUG³RU´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tormwater AdministratorVKDOOXVHWKHSROLF\FULWHULDDQGLQIRUPDWLRQLQFOXGLQJWHFKQLFDO VSHFLILFDWLRQVDQGVWDQGDUGVLQWKHPRVWFXUUHQWUHYLVLRQRIWKHNorth Carolina Stormwater Best Management Practice Manual, hereafter referred to as the Design Manual DVWKHEDVLVIRUGHFLVLRQV DERXWVWRUPZDWHUSHUPLWVDQGDERXWWKHGHVLJQLPSOHPHQWDWLRQDQGSHUIRUPDQFHRIstructural and non-structural stormwater BMPs 7KHDesign Manual LQFOXGHVDOLVWRIDFFHSWDEOHVWRUP ZDWHUWUHDWPHQWSUDFWLFHVLQFOXGLQJWKH VSHFLILF GHVLJQ FULWHULDIRUHDFK VWRUPZDWHU SUDFWLFH6WRUP ZDWHU WUHDWPHQW SUDFWLFHVWKDW DUH GHVLJQHGFRQVWUXFWHGDQGPDLQWDLQHGLQDFFRUGDQFHZLWKWKHVHGHVLJQDQGVL]LQJFULWHULDZLOOEH SUHVXPHGWRPHHWWKHPLQLPXPZDWHUTXDOLW\SHUIRUPDQFHVWDQGDUGVRIWKH3KDVH,,ODZV 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,9 % 5HODWLRQVKLSRI'HVLJQ0DQXDOWR2WKHU/DZVDQG5HJXODWLRQV ,IWKHVSHFLILFDWLRQVRUJXLGHOLQHVRIWKHDesign ManualDUHPRUHUHVWULFWLYHRUDSSO\DKLJKHU VWDQGDUGWKDQRWKHUODZVRUUHJXODWLRQVWKDWIDFWVKDOOQRWSUHYHQWDSSOLFDWLRQRIWKHVSHFLILFDWLRQV RUJXLGHOLQHVLQWKHDesign Manual & &KDQJHVWR6WDQGDUGVDQG6SHFLILFDWLRQV ,IWKHVWDQGDUGVVSHFLILFDWLRQVJXLGHOLQHVSROLFLHVFULWHULDRURWKHULQIRUPDWLRQLQWKHDesign ManualDUHDPHQGHGVXEVHTXHQWWRWKHVXEPLWWDORIDQDSSOLFDWLRQIRUDSSURYDOSXUVXDQWWRWKLV RUGLQDQFHEXWSULRUWRDSSURYDOWKHQHZLQIRUPDWLRQVKDOOFRQWURODQGVKDOOEHXWLOL]HGLQUHYLHZLQJ WKHDSSOLFDWLRQDQGLQLPSOHPHQWLQJWKLVRUGLQDQFHZLWKUHJDUGWRWKHDSSOLFDWLRQ ' $PHQGPHQWVWR'HVLJQ0DQXDO 7KHDesign ManualPD\EHXSGDWHGDQGH[SDQGHGIURPWLPHWRWLPHEDVHGRQDGYDQFHPHQWVLQ WHFKQRORJ\ DQG HQJLQHHULQJ LPSURYHG NQRZOHGJH RI ORFDOFRQGLWLRQV RU ORFDO PRQLWRULQJ RU PDLQWHQDQFHH[SHULHQFH 3ULRUWRDPHQGLQJRUXSGDWLQJWKHDesign Manual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tormwater Administrator 'HVLJQDWLRQ $Stormwater Administrator VKDOO EH GHVLJQDWHG E\ WKH %RDUG RI $OGHUPDQ RI WKH 7RZQ RI .HUQHUVYLOOHWRDGPLQLVWHUDQGHQIRUFHWKLVRUGLQDQFH 3RZHUVDQG'XWLHV ,QDGGLWLRQWRWKHSRZHUVDQGGXWLHVWKDWPD\EHFRQIHUUHGE\RWKHUSURYLVLRQVRIWKH7R ZQRI .HUQHUVYLOOH¶V8QLILHG'HYHORSPHQW2UGLQDQFHDQGRWKHUODZVWKHStormwater Administrator VKDOOKDYHWKHIROORZLQJSRZHUVDQGGXWLHVXQGHUWKLVRUGLQDQFH D 7RUHYLHZDQGDSSURYHDSSURYHZLWKFRQGLWLRQVRUGLVDSSURYHDSSOLFDWLRQVIRUDSSURYDORI SODQVSXUVXDQWWRWKLVRUGLQDQFH E 7RPDNHGHWHUPLQDWLRQVDQGUHQGHULQWHUSUHWDWLRQVRIWKLVRUGLQDQFH F 7RHVWDEOLVKDSSOLFDWLRQUHTXLUHPHQWVDQGVFKHGXOHVIRUVXEPLWWDODQGUHYLHZRIDSSOLFDWLRQV DQGDSSHDOVWRUHYLHZDQGPDNHUHFRPPHQGDWLRQVWRWKH%RDUGRI$OGHUPDQRIWKH7RZQRI .HUQHUVYLOOHRQDSSOLFDWLRQVIRUdevelopmentRU redevelopment DSSURYDOV G 7RHQIRUFHWKHSURYLVLRQVRIWKLVRUGLQDQFHLQDFFRUGDQFHZLWKLWVHQIRUFHPHQWSURYLVLRQV H 7RPDLQWDLQUHFRUGVPDSVDQGRIILFLDOPDWHULDOVDVUHODWHWR WKHDGRSWLRQDPHQGPHQW HQIRUFHPHQWRUDGPLQLVWUDWLRQRIWKLVRUGLQDQFH I 7RSURYLGHH[SHUWLVHDQGWHFKQLFDODVVLVWDQFHWRWKH%RDUGRI$OGHUPDQRIWKH7RZQRI .HUQHUVYLOOHDQGWKH6WRUPZDWHU5HYLHZ&RPPLWWHHXSRQUHTXHVW J 7RGHVLJQDWHDSSURSULDWHRWKHUSHUVRQVZKRVKDOOFDUU\RXWWKHSRZHUVDQGGXWLHVRIWKH Stormwater Administrator K 7RWDNHDQ\RWKHUDFWLRQQHFHVVDU\WRDGPLQLVWHUWKHSURYLVLRQVRIWKLVRUGLQDQFH ,//,&,7',6&+$5*(6$1',03523(5',6326$/6 ,//,&,7',6&+$5*(6$1'&211(&7,216 D ,OOLFLW'LVFKDUJHV 1RpersonVKDOOFDXVHRUDOORZWKHdischargeHPLVVLRQGLVSRVDOSRXULQJRUSXPSLQJGLUHFWO\RULQGLUHFWO\ WRDQ\stormwaterconveyanceWKHZDWHUVRIWKH6WDWHRUXSRQWKHODQGLQPDQQHUDQGDPRXQWWKDWWKH VXEVWDQFHLVOLNHO\WRUHDFKDstormwaterconveyanceRUWKHZDWHUVRIWKH6WDWHDQ\OLTXLGVROLGJDVRURWKHU VXEVWDQFHRWKHUWKDQstormwaterSURYLGHGWKDWQRQstormwaterdischargesDVVRFLDWHGZLWKWKHIROORZLQJ DFWLYLWLHVDUHDOORZHGDQGSURYLGHGWKDWWKH\GRQRWVLJQLILFDQWO\LPSDFWZDWHUTXDOLW\ :DWHUOLQHIOXVKLQJ /DQGVFDSHLUULJDWLRQ 'LYHUWHGVWUHDPIORZV 5LVLQJJURXQGZDWHUV 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,9 8QFRQWDPLQDWHGJURXQGZDWHULQILOWUDWLRQDVGHILQHGDW&)5 8QFRQWDPLQDWHGSXPSHGJURXQGZDWHU DischargesIURPSRWDEOHZDWHUVRXUFHV )RXQGDWLRQGUDLQV $LUFRQGLWLRQLQJFRQGHQVDWLRQ ,UULJDWLRQZDWHU 6SULQJV :DWHUIURPFUDZOVSDFHSXPSV )RRWLQJGUDLQV /DZQZDWHULQJ 5HVLGHQWLDODQGFKDULW\FDUZDVKLQJ )ORZVIURPULSDULDQKDELWDWVDQGZHWODQGV 'HFKORULQDWHGVZLPPLQJSRROdischarges 6WUHHWZDVKZDWHU DischargesIURPILUHILJKWLQJRSHUDWLRQVDQG 2WKHUQRQstormwaterdischargesIRUZKLFKDYDOLGNPDESSHUPLWKDVEHHQDSSURYHGDQGLVVXHGE\ WKH6WDWHRI1RUWK&DUROLQD 3URKLELWHG VXEVWDQFHV LQFOXGH EXW DUH QRW OLPLWHG WR RLO DQWLIUHH]H FKHPLFDOV DQLPDOZDVWH SDLQWV garbage\DUGZDVWHDQGOLWWHU E ,OOLFLW&RQQHFWLRQV ConnectionsWRDstormwaterconveyanceRUstormwaterconveyanceV\VWHPWKDWDOORZ WKH Gischarge RI QRQstormwater RWKHU WKDQ WKH H[FOXVLRQV GHVFULEHG LQ VHFWLRQ D DERYH DUHXQODZIXO 3URKLELWHGconnectionsWRWKHMS4LQFOXGHEXWDUHQRWOLPLWHGWRIORRUGUDLQVZDVWHZDWHUIUR PZDVKLQJ PDFKLQHVRUVDQLWDU\VHZHUVZDVKZDWHUIURPFRPPHUFLDOYHKLFOHZDVKLQJRUVWHDPFOHDQLQJDQGZDVWH ZDWHUIURPVHSWLFV\VWHPV :KHUHVXFKconnectionsH[LVWLQYLRODWLRQRIWKLVVHFWLRQDQGVDLGconnections ZHUHPDGHSULRUWR WKHDGRSWLRQRIWKLVSURYLVLRQRUDQ\RWKHURUGLQDQFHSURKLELWLQJVXFKconnectionsWKHSURSHUW\ownerRUWKH personXVLQJVDLGconnectionVKDOOUHPRYHWKHconnectionZLWKLQRQH\HDUIROORZLQJWKHHIIHFWLYHGDWHRIWKLV RUGLQDQFH+RZHYHUWKHRQH\HDUJUDFHSHULRGVKDOOQRWDSSO\WRconnectionsZKLFKPD\UHVXOWLQWKH dischargeRIhazardous materialsRURWKHUdischargesZKLFKSRVHDQLPPHGLDWHWKUHDWWRKHDOWKDQGVDIHW\ RUDUHOLNHO\WRUHVXOWLQLPPHGLDWHLQMXU\DQGKDUPWRUHDORUSHUVRQDOSURSHUW\QDWXUDOUHVRXUFHVZLOGOLIH RUKDELWDW :KHUHLWLVGHWHUPLQHGWKDWVDLGconnection 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,9 D0D\UHVXOWLQWKHdischargeRIhazardous materialsRUPD\SRVHDQLPPHGLDWHWKUHDWWRKHDOWK DQGVDIHW\RULVOLNHO\WRUHVXOWLQLPPHGLDWHLQMXU\DQGKDUPWRUHDORUSHUVRQDOSURSHUW\QDWXUDOUHVRXUFHV ZLOGOLIHRUKDELWDWRU E:DVPDGHLQYLRODWLRQRIDQ\DSSOLFDEOHUHJXODWLRQRURUGLQDQFHRWKHUWKDQ WKLVVHFWLRQ 7KHStormwater Administrator VKDOO GHVLJQDWH WKH WLPH ZLWKLQ ZKLFK WKHconnection VKDOO EH UHPRYHG ,QVHWWLQ J WKH WLPH OLPLW IRU FRPSOLDQFH WKHStormwater Administrator VKDOO WDNH LQWR FRQVLGHUDWLRQ 7KHTXDQWLW\DQGFRPSOH[LW\RIWKHZRUN 7KHFRQVHTXHQFHVRIGHOD\ 7KHSRWHQWLDOKDUPWRWKHHQYLURQPHQWWRWKHSXEOLFKHDOWKDQGWRSXEOLFDQGSULYDWH SURSHUW\DQG 7KHFRVWRIUHPHG\LQJWKHGDPDJH 63,//6 6SLOOVRUOHDNVRISROOXWLQJKDUPIXORUKD]DUGRXVVXEVWDQFHVUHOHDVHGdischargedWRRUKDYLQJWKHSRWHQWLDO WREHUHOHDVHGRUdischargedWRWKHstormwaterconveyanceV\VWHPVKDOOEHFRQWDLQHGFRQWUROOHGFROOHFWHG DQGSURSHUO\GLVSRVHG$OODIIHFWHGDUHDVVKDOOEHUHVWRUHGWRWKHLUSUHH[LVWLQJFRQGLWLRQPersonsLQFRQWURO RIWKHSROOXWLQJVXEVWDQFHVLPPHGLDWHO\SULRUWRWKHLUUHOHDVHRUdischargeDQGpersonsRZQLQJWKHSURSHUW\ RQZKLFKWKHVXEVWDQFHVZHUHUHOHDVHGRUdischargedVKDOOLPPHGLDWHO\QRWLI\WKH)LUH&KLHIRIWKH7RZQRI .HUQHUVYLOOHRIWKHUHOHDVHRUdischargeDVZHOODVPDNLQJDQ\UHTXLUHGQRWLILFDWLRQVXQGHUVWDWHDQGIHGHUDO ODZ1RWLILFDWLRQVKDOOQRWUHOLHYHDQ\personRIDQ\H[SHQVHVUHODWHGWRWKHUHVWRUDWLRQORVVGDPDJHRUDQ\ RWKHUOLDELOLW\ZKLFKPD\EHLQFXUUHGDVDUHVXOWRIVDLGVSLOORUOHDNQRUVKDOOVXFKQRWLILFDWLRQUHOLHYHDQ\ personIURPRWKHUOLDELOLW\ZKLFKPD\EHLPSRVHGE\6WDWHRURWKHUODZ 18,6$1&( Illicit dischargesDQGillicit connections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developmentXVHFRQVWUXFWLRQUHPRGHOLQJRU RWKHUDFWLYLW\RIDQ\QDWXUHXSRQODQGRULPSURYHPHQWVWKHUHRQVXEMHFWWRWKHMXULVGLFWLRQRIWKLV FKDSWHUZLWKRXWDOOUHTXLUHGSHUPLWVFHUWLILFDWHVRURWKHUIRUPVRIDXWKRUL]DWLRQDVVHWIRUWKLQWKH 7RZQRI.HUQHUVYLOOH8QLILHG'HYHORSPHQW2UGLQDQFH 'HYHORSPHQW LQFRQVLVWHQW ZLWKSHUPLW7RHQJDJHLQDQ\development XVH FRQVWUXFWLRQ UHPRGHOLQJRURWKHUDFWLYLW\RIDQ\QDWXUHLQDQ\ZD\LQFRQVLVWHQWZLWKDQ\DSSURYHGSODQSHUPLW FHUWLILFDWHRURWKHUIRURIDXWKRUL]DWLRQJUDQWHGIRUVXFKDFWLYLW\ 9LRODWLRQE\DFWRURPLVVLRQ7RYLRODWHE\DFWRURPLVVLRQDQ\WHUPYDULDQFHPRGLILFDWLRQ FRQGLWLRQRUTXDOLILFDWLRQSODFHGE\WKHJRYHUQLQJERG\RULWVDJHQWERDUGVXSRQDQ\UHTXLUH G SHUPLWFHUWLILFDWHRURWKHUIRUPRIDXWKRUL]DWLRQRIWKHXVHdevelopmentRURWKHUDFWLYLW\XSRQ ODQGRULPSURYHPHQWVWKHUHRQ 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,9 8VHLQYLRODWLRQ.7RHUHFWFRQVWUXFWUHFRQVWUXFWDOWHUUHSDLUFRQYHUWPDLQWDLQRUXVHDQ\EXLOGLQJ RUVWUXFWXUHRUWRXVHDQ\ODQGLQYLRODWLRQRUFRQWUDYHQWLRQRIWKLVDUWLFOHRUDQ\RWKHUUHJXODWLRQ PDGHXQGHUWKHDXWKRULW\FRQIHUUHGWKHUHE\ &RQWLQXLQJDYLRODWLRQ7RFRQWLQXHDQ\RIWKHDERYHYLRODWLRQVLVDVHSDUDWHDQGGLVWLQFWRIIHQVH HDFKGD\ E &LYLO3HQDOWLHV Illicit Connections. D $Q\personZKRLVIRXQGUHVSRQVLEOHIRUDQillicit connectionVKDOOUHFHLYHDQRWLFHRIYLRODWLRQ ZKHQWKHconnectionLVGLVFRYHUHG7KHpersonVKDOOKDYHVL[W\GD\VWRUHPRYHWKHconnection XQOHVVWKHFRQQHFWLRQLVGHWHUPLQHGWRSRVHDQLPPHGLDWHDQGVHYHUHSXEOLFKHDOWKULVN$WWKHHQG RIWKDWWLPHLIWKHconnectionKDVQRWEHHQUHPRYHGWKHStormwater AdministratorPD\DVVHVVFLYLO SHQDOWLHVLQWKHDPRXQWRIWZRKXQGUHGGROODUVIRUYLRODWLRQRIWKHRUGLQDQFH)RUSXUSRVHV RIWKLVVHFWLRQHDFKGD\WKDWDYLRODWLRQUHPDLQVXQDEDWHGVKDOOEHFRQVLGHUHGDQHZVHSDUDWHDQG GLVWLQFWYLRODWLRQIRUSXUSRVHVRIDVVHVVLQJDFLYLOSHQDOW\,QDGGLWLRQWRWKHDVVHVVPHQWRIFLYLO SHQDOWLHVWKHTown ManagerRUKLVGHVLJQHHPD\HQWHUWKHSURSHUW\DQGWDNHPHDVXUHVQHFHVVDU\ WRUHPRYHWKHconnectionDQGSHUIRUPZKDWHYHUFOHDQXSRUDEDWHPHQWLVQHFHVVDU\,IWKHperson IDLOVWRUHPRYHWKHconnectionLQWKHWLPHSUHVFULEHGWKH7RZQRI.HUQHUVYLOOHPD\SHWLWLRQWKH VXSHULRUFRXUWRIMXVWLFHIRUWKHLVVXDQFHRIDQLQMXQFWLRQWRFRPSHOUHPRYDODQGSD\PHQWKRZHYHU UHPRYDORIWKHillicit connection VKDOOEHLPPHGLDWHXSRQWKHGHWHUPLQDWLRQRIWKHTown Manager RUKLVGHVLJQHHWKDWWKHconnection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stormwaterTXDOLW\PDQDJHPHQW 7KHFRVWVRIHQIRUFHPHQWWRWKH7RZQRI.HUQHUVYLOOH E ,I DQ\person ZKRSUHYLRXVO\ KDVEHHQIRXQG WRKDYHDQillicit connection UHFRQQHFWV WR WKH conveyanceKHVKDOOEHDVVHVVHGDFLYLOSHQDOW\QRWWRH[FHHGILYHWKRXVDQGGROODUV 7KHSHQDOW\VKDOOLQFUHDVHE\WZHQW\ILYHSHUFHQWRIWKHSUHYLRXVSHQDOW\DPRXQWIRUHYHU\ VXEVHTXHQWillicit connectionPDGHE\WKHVDPHperson7KHSHQDOW\VKDOOEHDGGLWLRQDOWRWKHFRVW RIFOHDQXSDQGDEDWHPHQW,IWKHpersonKDVRULVUHTXLUHGWRKDYHDstormwaterNPDESSHUPLWIURP WKHVWDWHGLYLVLRQRIHQYLURQPHQWDO PDQDJHPHQWWKHStormwater Administrator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stormwater TXDOLW\PDQDJHPHQW 7KHFRVWVRIHQIRUFHPHQWWRWKH7RZQRI.HUQHUVYLOOH Improper disposal. 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,9 D 3URFHVV ZDVWHZDWHU $Q\person ZKR LV IRXQG WR KDYH LPSURSHUO\ GLVSRVHG RIDQ\SU RFHVV ZDVWHZDWHUWRWKHUHFHLYLQJVWUHDPVVKDOOEHDVVHVVHGDFLYLOSHQDOW\QRWWRH[FHHGILYHWKRXVDQG GROODUV,QGHWHUPLQLQJWKHDPRXQWRIWKHSHQDOW\WKHTown Manager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personZKRLVIRXQGWRKDYHLPSURSHUO\GLVSRVHGRIDQ\VXEVWDQFHWKDWZDV SXUFKDVHGDWDEXONVDOHVORFDWLRQZKLFKXSRQdischargeWRWKHUHFHLYLQJVWUHDPVRUdrainage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personZKRLVIRXQGWRKDYHLPSURSHUO\GLVSRVHGRIDQ\VXEVWDQFHWKDW ZDVSXUFKDVHGRYHUWKHFRXQWHUIRUKRXVHKROGLQTXDQWLWLHVFRQVLGHUHGQRUPDOIRUKRXVHKROG SXUSRVHVZKLFKXSRQdischargeWRWKHUHFHLYLQJVWUHDPVRUdrainageQHWZRUNZRXOGKDYHDQ DGYHUVHLPSDFWRQZDWHUTXDOLW\RUFDXVHWKH7RZQWREHLQQRQFRPSOLDQFHZLWKDQ\DSSOLFDEOH HQYLURQPHQWDOSHUPLWVKDOOEHDVVHVVHGDFLYLOSHQDOW\QRWWRH[FHHGILYHKXQGUHGGROODUV ,QGHWHUPLQLQJWKHDPRXQWRIWKHFLYLOSHQDOW\WKHTown Manager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person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personLVIRXQGWREHUHVSRQVLEOHIRUPRUHWKDQRQHLQVWDQFHRILPSURSHU GLVSRVDOWKHSHQDOW\VKDOOLQFUHDVHE\WZHQW\ILYHSHUFHQWRIWKHSUHYLRXVSHQDOW\DPRXQWIRU HDFKVXEVHTXHQWLPSURSHUGLVSRVDO7KHSHQDOWLHV VKDOOEHDGGLWLRQDOWRWKHFRVW RIFOHDQXSDQG DEDWHPHQW I:DWHUVKHGDUHDV7KHSHQDOW\DVVHVVHGIRUDQ\RIWKHDERYHYLRODWLRQVVKDOOEHLQFUHDVHGE\WZHQW\ ILYHSHUFHQWRIWKHDPRXQWDVVHVVHGLILWRFFXUVLQDQ\GHVLJQDWHGZDWHUVXSSO\watershedDUHD J)DLOXUHWRUHSRUW7KHSHQDOW\DVVHVVHGIRUDQ\RIWKHDERYHYLRODWLRQVVKDOOEHLQFUHDVHGE\WZHQW\ ILYHSHUFHQWRIWKHDPRXQWDVVHVVHGIRUDQ\VSLOOQRWSURSHUO\UHSRUWHGE\WKHYLRODWRURQFHKH KDVNQRZOHGJHRIWKHYLRODWLRQ K3HQDOWLHV ,QWKHHYHQWWKHUHDUHVXEVHTXHQWSHQDOWLHVDVVHVVHGE\WKHVWDWHDJ DLQVWWKH7RZQIRU LPSURSHUGLVSRVDORULOOHJDOGXPSLQJRUillicit connection LQWRUHFHLYLQJVWUHDPVFDXVHGE\DQ\ personVXFKpersonVKDOOEHDVVHVVHGWKHHTXLYDOHQWDPRXQWRIFLYLOSHQDOW\ 5(0(',(6 $Q\RUDOORIWKHIROORZLQJSURFHGXUHVPD\EHXVHGWRHQIRUFHWKHSURYLVLRQVRIWKLVFKDSWHU D ,QMXQFWLRQ$Q\YLRODWLRQRIWKLVDUWLFOHRURIDQ\FRQGLWLRQRUGHUUHTXLUHPHQWRUUHPHG\DGRSWHGSXUVXDQW KHUHWRPD\EHUHVWUDLQHGFRUUHFWHGDEDWHGPDQGDWHGRUHQMRLQHGE\RWKHUDSSURSULDWHSURFHHGLQJSXUVXDQW WRVWDWHODZ E &LYLOSHQDOWLHV.$Q\personZKRYLRODWHVDQ\SURYLVLRQRIWKLVDUWLFOHVKDOOEHVXEMHFWWRWKHDVVHVVPHQWRID FLYLOSHQDOW\XQGHUWKHSURFHGXUHVSURYLGHGLQ$UWLFOHE F 'HQLDORISHUPLW7KH7RZQ0DQDJHURUKLVGHVLJQHHVKDOOZLWKKROGRUGHQ\DQ\SHUPLWFHUWLILFDWHRURWKHU DXWKRUL]DWLRQRQDQ\ODQGEXLOGLQJVWUXFWXUHRUXVHLQZKLFKWKHUHLVDQXQFRUUHFWHGYLRODWLRQRIDSURYLVLRQ RIWKLVDUWLFOHRURIDFRQ GLWLRQRUTXDOLILFDWLRQRIDSHUPLWFHUWLILFDWHRURWKHUDXWKRUL]DWLRQSUHYLRXVO\ JUDQWHG G &RQGLWLRQDO SHUPLW RU WHPSRUDU\ FHUWLILFDWH. 7KHTown Manager RU KLV GHVLJQHH PD\ FRQGLWLRQ WKH DXWKRUL]DWLRQRIDQ\SHUPLWRUFHUWLILFDWHXSRQWKHFRUUHFWLRQRIWKHGHILFLHQF\SD\PHQWRIFLYLOSHQDOWLHV ZLWKLQDVSHFLILHGWLPHRUWKHSRVWLQJRIDSHUIRUPDQFHVXUHW\ H 5HYRFDWLRQRISHUPLW.7KHTown Manager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own ManagerRUKLVGHVLJQHHGLVFRYHUVDQDSSDUHQW YLRODWLRQRIDQLQGXVWULDORUUHODWHGfacility's NPDESVWRUPZDWHUdischargeSHUPLWRUWKDWWKHfacility 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,9 LVQRWRSHUDWLQJSXUVXDQWWRLWVVWRUPZDWHUSROOXWLRQSUHYHQWLRQSODQWKH7RZQVKDOOQRWLI\WKH DSSURSULDWHVWDWHRIILFLDOVLPPHGLDWHO\ 2.&RQVWUXFWLRQVLWHV.,IWKH7RZQ0DQDJHURUKLVGHVLJQHHGLVFRYHUVDQDSSDUHQWYLRODWLRQRIWKH NPDESVWRUPZDWHUdischargeSHUPLWUHTXLUHGE\WKHVWDWHIRUVLWHVZLWK ODQGGLVWXUELQJDFWLYLW\ JUHDWHUWKDQRQHDFUHRUOHVVLISDUWRIDODUJHUSURMHFWKHVKDOOUHSRUWWKHYLRODWLRQLPPHGLDWHO\ WRWKHDSSURSULDWHVWDWHRIILFLDOV 3.$EDWHPHQW.:KHQWKHdischargeIURPWKHfacilityLQWHUIHUHVVLJQLILFDQWO\ZLWKWKHUHFHLYLQJVWUHDPV DQGWKHfacilityIDLOVWRWDNHDSSURSULDWHDFWLRQVXSRQQRWLILFDWLRQE\WKH7RZQWKH7RZQPD\WDNH LPPHGLDWHDQGDSSURSULDWHPHDVXUHVWRFRQWUROWKHSUREOHPZKHWKHURUQRWWKHfacilityLVYLRODWLQJ LWVNPDESSHUPLWDQGUHFRYHUWKHFRVWIURPWKHfacility 4.-XGLFLDO(QIRUFHPHQW.:KHQDQ\personLVLQYLRODWLRQRIWKHSURYLVLRQVRIWKLVFKDSWHUWKH7RZQ 0DQDJHURUKLVGHVLJQHHWKURXJKWKH7RZQDWWRUQH\PD\SHWLWLRQWKHVXSHULRUFRXUWRIMXVWLFHIRU WKHLVVXDQFHRIDUHVWUDLQLQJRUGHURUDSUHOLPLQDU\DQGSHUPDQHQWLQMXQFWLRQZKLFKUHVWUDLQVRU FRPSHOVWKHDFWLYLWLHVLQTXHVWLRQ $33($/+($5,1* D $Q\personDVVHVVHGDFLYLOSHQDOW\XQGHUWKLVFKDSWHUVKDOOKDYHWKHULJKWWRDKHDULQJEHIRUHWKHStormwater AdministratorXSRQPDNLQJDZULWWHQGHPDQGWRStormwater AdministratorVSHFLI\LQJWKHLVVXHVWREH FRQWHVWHGZLWKLQWKLUW\GD\VIROORZLQJUHFHLSWRIWKHDVVHVVPHQW E 8QOHVVVXFKZULWWHQGHPDQGLVPDGHZLWKLQWKHWLPHVSHFLILHGKHUHLQWKHDFWLRQVKDOOEHILQDODQGELQGLQJ F 7KHStormwater AdministratorVKDOOPDNHDILQDOGHFLVLRQRQWKHFRQWHVWHGSHQDOW\ZLWKLQWKLUW\GD\VRI WKHUHFHLSWRIWKHZULWWHQGHPDQGIRUDKHDULQJ G 7KHStormwater AdministratorVKDOOWUDQVPLWDFRS\RIWKHGHFLVLRQE\UHJLVWHUHGRUFHUWLILHGPDLO H7KHGHFLVLRQRIWKHStormwater AdministratorVKDOOEHFRQVLGHUHGWKHILQDODGPLQLVWUDWLYHDFWLRQIRUWKH SXUSRVHVRIMXGLFLDOUHYLHZ$Q\personPD\VHHNMXGLFLDOUHYLHZRIDILQDODGPLQLVWUDWLYHGHFLVLRQE\WKH Stormwater AdministratorE\ILOLQJDSHWLWLRQIRUZULWRIFHUWLRUDULZLWKLQWKLUW\GD\VDIWHUUHFHLSWRI QRWLFHE\UHJLVWHUHGRUFHUWLILHGPDLOEXWQRWWKHUHDIWHUZLWKWKH6XSHULRU&RXUWRI)RUV\WK&RXQW\DQGZLWK DFRS\WR)RUV\WK&RXQW\ 3RVW&RQVWUXFWLRQ5XQRII 5(9,(:352&('85(6 $ 3HUPLW5HTXLUHG0XVW$SSO\IRU3HUPLW $VWRUPZDWHUSHUPLWLVUHTXLUHGIRUDOOdevelopmentDQGredevelopmentXQOHVVH[HPSWSXUVXDQW WRWKLVRUGLQDQFHDQGSULRUWRWKHFRQVWUXFWLRQRIDQ\BMP$SHUPLWPD\RQO\EHLVVXHG VXEVHTXHQWWRDSURSHUO\VXEPLWWHGDQGUHYLHZHGSHUPLWDSSOLFDWLRQSXUVXDQWWRWKLVVHFWLRQ % (IIHFWRI3HUPLW $ VWRUPZDWHU SHUPLW VKDOO JRYHUQ WKH GHVLJQ LQVWDOODWLRQ DQGFRQVWUXFWLRQ RI VWRUPZDWHU PDQDJHPHQWDQGFRQWUROSUDFWLFHVRQWKHVLWHLQFOXGLQJstructuralBMPsDQGHOHPHQWVRIVLWHGHVLJQ IRUVWRUPZDWHUPDQDJHPHQWRWKHUWKDQstructuralBMPs 7KHSHUPLWLVLQWHQGHGWRSURYLGHDPHFKDQLVPIRUWKHUHYLHZDSSURYDODQGLQVSHFWLRQRIWKH DSSURDFK WR EH XVHG IRUW KH PDQDJHPHQW DQG FRQWURO RI VWRUPZDWHU IRUWKH developmentRU redevelopmentVLWHFRQVLVWHQWZLWKWKHUHTXLUHPHQWVRIWKLVRUGLQDQFHZKHWKHUWKHDSSURDFKFRQVLVWV RIstructuralBMPsRURWKHUWHFKQLTXHVVXFKDVORZLPSDFWRUORZGHQVLW\GHVLJQ7KHSHUPLWGRHV QRWFRQWLQXHLQH[LVWHQFHLQGHILQLWHO\DIWHUWKHFRPSOHWLRQRIWKHSURMHFWUDWKHUFRPSOLDQFHDIWHU SURMHFWFRQVWUXFWLRQLVDVVXUHGE\WKHPDLQWHQDQFHSURYLVLRQVRIWKLVRUGLQDQFH 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,9 & $XWKRULW\WR)LOH$SSOLFDWLRQV $OODSSOLFDWLRQVUHTXLUHGSXUVXDQWWRWKLV&RGHVKDOOEHVXEPLWWHGWRWKHStormwaterAdministrator E\WKHODQGownerRUWKHODQGowner’sGXO\DXWKRUL]HGDJHQW ' (VWDEOLVKPHQWRI$SSOLFDWLRQ5HTXLUHPHQWV6FKHGXOHDQG)HHV $SSOLFDWLRQ&RQWHQWVDQG)RUP 7KHStormwaterAdministrator VKDOO HVWDEOLVK UHTXLUHPHQWV IRU WKH FRQWHQW DQG IRUP RIDO O DSSOLFDWLRQVDQGVKDOODPHQGDQGXSGDWHWKRVHUHTXLUHPHQWVIURPWLPHWRWLPH$WDPLQLPXPWKH VWRUPZDWHUSHUPLWDSSOLFDWLRQVKDOOGHVFULEHLQGHWDLOKRZSRVWdevelopmentVWRUPZDWHUUXQRIIZLOO EHFRQWUROOHGDQGPDQDJHGWKHGHVLJQRIDOOVWRUPZDWHUIDFLOLWLHVDQGSUDFWLFHVDQGKRZWKH SURSRVHGSURMHFWZLOOPHHWWKHUHTXLUHPHQWVRIWKLVRUGLQDQFH 6XEPLVVLRQ6FKHGXOH 7KHStormwaterAdministrator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tormwater Administrator VKDOO FRPSLOH WKH DSSOLFDWLRQ UHTXLUHPHQWV VXEPLVVLRQ VFKHGXOH IHH VFKHGXOH DFRS\ RI WKLV RUGLQDQFH DQG LQIRUPDWLRQRQKRZDQGZKHUHWRREWDLQWKHDesign ManualLQDQAdministrative ManualZKLFK VKDOOEHPDGHDYDLODEOHWRWKHSXEOLF ( 6XEPLWWDORI&RPSOHWH$SSOLFDWLRQ $SSOLFDWLRQV VKDOO EH VXEPLWWHG WR WKHStormwaterAdministrator SXUVXDQW WR WKH DSSOLFDWLRQ VXEPLWWDO VFKHGXOH LQ WKH IRUP HVWDEOLVKHG E\ WKHStormwaterAdministrator DORQJ ZLWK WKH DSSURSULDWHIHHHVWDEOLVKHGSXUVXDQWWRWKLVVHFWLRQ $QDSSOLFDWLRQVKDOOEHFRQVLGHUHGDVWLPHO\VXEPLWWHGRQO\ZKHQLWFRQWDLQVDOOHOHPHQWVRID FRPSOHWHDSSOLFDWLRQSXUVXDQWWRWKLVRUGLQDQFHDORQJZLWKWKHDSSURSULDWHIHH,IWKHStormwater AdministratorILQGVWKDWDQDSSOLFDWLRQLVLQFRPSOHWHWKHDSSOLFDQWVKDOOEHQRWLILHGRIWKHGHILFLHQW HOHPHQWVDQGVKDOOEHSURYLGHGZLWKDQRSSRUWXQLW\WRVXEPLWDFRPSOHWHDSSOLFDWLRQ+RZHYHUWKH VXEPLWWDO RI DQ LQFRPSOHWH DSSOLFDWLRQ VKDOOQ RW VXIILFHWR PHHW DG HDGOLQH FRQWDLQHG LQ WKH VXEPLVVLRQVFKHGXOHHVWDEOLVKHGDERYH ) 5HYLHZ :LWKLQ WKLUW\ ZRUNLQJ GD\V DIWHUD FRPSOHWH DSSOLFDWLRQ LVVXEPLW WHG WKHStormwater AdministratorVKDOOUHYLHZWKHDSSOLFDWLRQDQGGHWHUPLQHZKHWKHUWKHDSSOLFDWLRQFRPSOLHVZLWKWKH VWDQGDUGVRIWKLVRUGLQDQFH7KHStormwaterAdministratorPD\FRQVXOWZLWKWKHStormwaterReview CommitteeUHJDUGLQJDSSOLFDWLRQVDQGPDNHVXFKZULWWHQILQGLQJVDQGUHFRPPHQGDWLRQVDVWKH StormwaterAdministratorDQGWKHStormwaterReviewCommitteeGHHPDSSURSULDWH 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,9 $SSURYDO ,IWKHStormwaterAdministratorILQGVWKDWWKHDSSOLFDWLRQFRPSOLHVZLWKWKHVWDQGDUGVRIWKLV RUGLQDQFH WKHStormwaterAdministrator VKDOO DSSURYHW KH DSSOLFDWLRQ 7KHStormwater Administrator PD\ LPSRVH FRQGLWLRQV RI DSSURYDO DVQ HHGHG WRHQ VXUH FRPSOLDQFH ZLWK WKLV RUGLQDQFH7KHFRQGLWLRQVVKDOOEHLQFOXGHGDVSDUWRIWKHDSSURYDO )DLOVWR&RPSO\ ,IWKHStormwaterAdministratorILQGVWKDWWKHDSSOLFDWLRQIDLOVWRFRPSO\ZLWKWKHVWDQGDUGVRIWKLV RUGLQDQFHWKHStormwaterAdministratorVKDOOQRWLI\WKHDSS OLFDQWDQGVKDOOLQGLFDWHKRZWKH DSSOLFDWLRQIDLOVWRFRPSO\7KHDSSOLFDQWVKDOOKDYHDQRSSRUWXQLW\WRVXEPLWDUHYLVHGDSSOLFDWLRQ 5HYLVLRQDQG6XEVHTXHQW5HYLHZ $FRPSOHWHUHYLVHGDSSOLFDWLRQVKDOOEHUHYLHZHGE\WKHStormwaterAdministrator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developerVKDOOUHTXHVWDFRQVXOWDWLRQRQDFRQFHSWSODQIRUWKHSRVWFRQVWUXFWLRQ VWRUPZDWHU PDQDJHPHQWV\VWHPWREHXWLOL]HGLQWKHSURSRVHGdevelopmentSURMHFW7KLVFRQVXOWDWLRQPHHWLQJ VKDOO WDNH SODFH DWWKHWLP H RI WKH SUHOLPLQDU\ SODQ RI VXEGLYLVLRQ RU RWKHU HDUO\VWHS LQ WKH development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development 6WRUPZDWHU0DQDJHPHQW6\VWHP&RQFHSW3ODQ $ ZULWWHQ RU JUDSKLF FRQFHSW SODQ RI WKH SURSRVHG SRVWdevelopmentVWRUPZDWHU PDQDJHPHQW V\VWHPLQFOXGLQJSUHOLPLQDU\VHOHFWLRQDQGORFDWLRQRISURSRVHGVW UXFWXUDOVWRUPZDWHUFRQWUROV ORZLPSDFWGHVLJQHOHPHQWVORFDWLRQRIH[LVWLQJDQGSURSRVHGconveyanceV\VWHPVVXFKDVJUDVV FKDQQHOVswalesDQGVWRUPGUDLQVIORZSDWKVORFDWLRQRIIORRGSODLQIORRGZD\OLPLWVUHODWLRQVKLS RIVLWHWRXSVWUHDPDQGGRZQVWUHDPSURSHUWLHVDQGdrainagesDQGSUHOLPLQDU\ORFDWLRQRISURSRVHG VWUHDPFKDQQHOPRGLILFDWLRQVVXFKDVEULGJHRUFXOYHUWFURVVLQJV % 6WRUPZDWHU0DQDJHPHQW3HUPLW$SSOLFDWLRQ 7KHVWRUPZDWHUPDQDJHPHQWSHUPLWDSSOLFDWLRQVKDOOGHWDLOKRZSRVWdevelopment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esign ManualDQGWKDWWKHGHVLJQV DQGSODQVHQVXUHFRPSOLDQFHZLWKWKLVRUGLQDQFH 7KHVXEPLWWDOVKDOOLQFOXGHDOORIWKHLQIRUPDWLRQUHTXLUHGLQWKHVXEPLWWDOFKHFNOLVWHVWDEOLVKHGE\ WKHStormwaterAdministrator,QFRPSOHWHVXEPLWWDOVVKDOOEHUHMHFWHG & $V%XLOW3ODQVDQG)LQDO$SSURYDO 8SRQFRPSOHWLRQRIDSURMHFWDQGEHIRUHDFHUWLILFDWHRIRFFXSDQF\VKDOOEHJUDQWHGWKHDSSOLFDQW VKDOOFHUWLI\WKDWWKHFRPSOHWHGSURMHFWLVLQDFFRUGDQFHZLWKWKHDSSURYHGVWRUPZDWHUPDQDJHPHQW SODQVDQGGHVLJQVDQGVKDOOVXEPLWDFWXDO³DVEXLOW´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tormwaterAdministratorVKDOORFFXUEHIRUHWKHUHOHDVHRI DQ\SHUIRUPDQFHVXUHW\ ' 2WKHU3HUPLWV 1RFHUWLILFDWHRIFRPSOLDQFHRURFFXSDQF\VKDOOEHLVVXHGE\WKH7RZQRI.HUQHUVYLOOH&RPPXQLW\ 'HYHORSPHQW'HSDUWPHQWZLWKRXWILQDODVEXLOWSODQVDQGDILQDOLQVSHFWLRQDQGDSSURYDOE\WKH StormwaterAdministrator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substantial progress RQWKHVLWHZLWKLQRQH\HDUDIWHUWKHGDWHRIDSSURYDO7KHStormwaterAdministrator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tormwaterAdministratorPD\UHTXLUHFRPSOLDQFHZLWKVWDQGDUGV DGRSWHGVLQFHWKHRULJLQDODSSOLFDWLRQZDVVXEPLWWHGXQOHVVWKHUHKDVEHHQVXEVWDQWLDOUHOLDQFHRQ WKHRULJLQDOSHUPLWDQGWKHFKDQJHLQVWDQGDUGVZRXOGLQIULQJHWKHDSSOLFDQW¶VYHVWHGULJKWV $33($/6 $ 5LJKWRI$SSHDO $Q\DJJULHYHGSHUVRQDIIHFWHGE\DQ\GHFLVLRQRUGHUUHTXLUHPHQWRUGHWHUPLQDWLRQUHODWLQJWRWKH LQWHUSUHWDWLRQRUDSSOLFDWLRQRIWKLVRUGLQDQFHDQGPDGHE\WKHStormwaterAdministratorPD\ILOH DQDSSHDOWRWKH%RDUGRI$GMXVWPHQWZLWKLQGD\V % )LOLQJRI$SSHDODQG3URFHGXUHV $SSHDOVVKDOOEHWDNHQZLWKLQWKHVSHFLILHGWLPHSHULRGE\ILOLQJDQRWLFHRIDSSHDODQGVSHFLI\LQJ WKH JURXQGV IRU DSSHDO RQ IRUPV SURYLGHG E\ WKH 7RZQRI .HUQHUVYLOOH 7KHStormwater Administrator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developmentDQGredevelopmentWRZKLFKWKLVRUGLQDQFHDSSOLHVVKDOOFRPSO\ZLWKWKHVWDQGDUGVRIWKLV VHFWLRQ '(9(/230(1767$1'$5'6)25/2:'(16,7<352-(&76 Low-density projectsVKDOOFRPSO\ZLWKHDFKRIWKHIROORZLQJVWDQGDUGV $ 6WRUPZDWHU UXQRII IURP WKHdevelopment VKDOO EH WUDQVSRUWHG IURP WKHdevelopmentE\ YHJHWDWHGconveyancesWRWKHPD[LPXPH[WHQWSUDFWLFDEOH % $OObuilt-upon area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developmentDQGredevelopmentPDLQWDLQVWKHVLWHFRQVLVWHQWZLWKWKHDSSURYHG SURMHFWSODQV '(9(/230(1767$1'$5'6)25+,*+'(16,7<352-(&76 High-density projectsVKDOOLPSOHPHQWVWRUPZDWHUFRQWUROPHDVXUHVWKDWFRPSO\ZLWKHDFKRIWKHIROORZLQJ VWDQGDUGV $ 7KHPHDVXUHVVKDOOXWLOL]HHQJLQHHUHGVWRUPZDWHUFRQWUROVWRFRQWUROUXQRIIIURPWKHILUVW LQFKRIUDLQIDOO5XQRIIYROXPHGUDZGRZQWLPHVKDOOEHDPLQLPXPRIKRXUVEXWQRW PRUHWKDQKRXUV % $OOVWUXFWXUDOVWRUPZDWHUWUHDWPHQWV\VWHPVXVHGWRPHHWWKHUHTXLUHPHQWVRIWKHSURJUDP VKDOOEHGHVLJQHGWRKDYHDPLQLPXPRIDYHUDJHDQQXDOUHPRYDOIRU7RWDO6XVSHQGHG 6ROLGV & *HQHUDOHQJLQHHULQJGHVLJQFULWHULDIRUDOOSURMHFWVVKDOOEHLQDFFRUGDQFHZLWK$1&$& +FDVH[SODLQHGLQWKHDesign Manual ' $OObuilt-upon area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developmentDQGredevelopmentPDLQWDLQVWKHVLWHFRQVLVWHQWZLWKWKH DSSURYHGSURMHFWSODQV 67$1'$5'6)2567250:$7(5&21752/0($685(6 $ (YDOXDWLRQ$FFRUGLQJWR&RQWHQWVRI'HVLJQ0DQXDO $OO VWRUPZDWHU FRQWURO PHDVXUHV DQG VWRUPZDWHU WUHDWPHQW SUDFWLFHV DOVR UHIHUUHG WR DVBest Management Practices RUBMPs UHTXLUHG XQGHU WKLV RUGLQDQFH VKDOO EH HYDOXDWHG E\ WKH StormwaterAdministratorDFFRUGLQJWRWKHSROLFLHVFULWHULDDQGLQIRUPDWLRQLQFOXGLQJWHFKQLFDO VSHFLILFDWLRQVDQGVWDQGDUGVDQG WKHVSHFLILFGHVLJQFULWHULDIRUHDFKVWRUPZDWHUSUDFWLFHLQWKH Design Manual7KHStormwaterAdministratorVKDOOGHWHUPLQHZKHWKHUWKH\ZLOOEHDGHTXDWHWR PHHWWKHUHTXLUHPHQWVRIWKLVRUGLQDQFH % 'HWHUPLQDWLRQRI$GHTXDF\3UHVXPSWLRQVDQG$OWHUQDWLYHV 6WRUPZDWHUWUHDWPHQWSUDFWLFHVWKDWDUHGHVLJQHGFRQVWUXFWHGDQGPDLQWDLQHGLQDFFRUGDQFHZLWK WKHFULWHULDDQGVSHFLILFDWLRQVLQWKHDesign ManualZLOOEHSUHVXPHGWRPHHWWKHPLQLPXPZDWHU TXDOLW\DQGTXDQWLW\SHUIRUPDQFHVWDQGDUGVRIWKLVRUGLQDQFH:KHQHYHUDQDSSOLFDQWSURSRVHVWR XWLOL]HDSUDFWLFHRU SUDFWLFHVQRWGHVLJQHGDQGFRQVWUXFWHGLQDFFRUGDQFHZLWKWKHFULWHULDDQG VSHFLILFDWLRQVLQWKHDesign Manual,WKHDSSOLFDQWVKDOOKDYHWKHEXUGHQRIGHPRQVWUDWLQJWKDWWKH SUDFWLFHVZLOOVDWLVI\WKHPLQLPXPZDWHUTXDOLW\DQGTXDQWLW\SHUIRUPDQFHVWDQGDUGVRIWKLV RUGLQDQFH7KHStormwaterAdministratorPD\UHTXLUHWKHDSSOLFDQWWRSURYLGHVXFKGRFXPHQWDWLRQ FDOFXODWLRQVDQGH[DPSOHVDVQHFHVVDU\IRUWKHStormwaterAdministrator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s$V,QWHQGHG 7KHownerRIHDFKstructural BMPLQVWDOOHGSXUVXDQWWRWKLVRUGLQDQFHVKDOOPDLQWDLQDQGRSHUDWHLW VRDVWR SUHVHUYHDQGFRQWLQXHLWVIXQFWLRQLQFRQWUROOLQJVWRUPZDWHUTXDOLW\DQGTXDQWLW\DWWKH GHJUHHRUDPRXQWRIIXQFWLRQIRUZKLFKWKHstructural BMPZDVGHVLJQHG % $QQXDO0DLQWHQDQFH,QVSHFWLRQDQG5HSRUW 7KHSHUVRQUHVSRQVLEOHIRUPDLQWHQDQFHRIDQ\structural BMPLQVWDOOHGSXUVXDQWWRWKLVRUGLQDQFH VKDOOVXEPLWWRWKHStormwaterAdministratorDQLQVSHFWLRQUHSRUWIURPDTXDOLILHGUHJLVWHUHG1RUWK &DUROLQDSURIHVVLRQDOHQJLQHHUVXUYH\RUVRLOVFLHQWLVWRUODQGVFDSHDUFKLWHFWSHUIRUPLQJVHUYLFHV RQO\LQWKHLUDUHDRIFRPSHWHQFH7KHLQVSHFWLRQUHSRUWVKDOOFRQWDLQDOORIWKHIROORZLQJ 7KHQDPHDQGDGGUHVVRIWKHODQGowner 7KHUHFRUGHGERRNDQGSDJHQXPEHURIWKHORWRIHDFKstructural BMP $VWDWHPHQWWKDWDQLQVSHFWLRQZDVPDGHRIDOOstructural BMPV 7KHGDWHWKHLQVSHFWLRQZDVPDGH $VWDWHPHQWWKDWDOOLQVSHFWHGstructural BMPsDUHSHUIRUPLQJSURSHUO\ DQG DUH LQFRPSOLDQFHZLWKWKHWHUPVDQGFRQGLWLRQVRIWKHDSSURYHGPDLQWHQDQFHDJUHHPHQW UHTXLUHGE\WKLVRUGLQDQFH 7KHRULJLQDOVLJQDWXUHDQGVHDORIDQHQJLQHHUVXUYH\RUVRLOVFLHQWLVWRUODQGVFDSH DUFKLWHFWZKRHLWKHUKDVDGHTXDWHWUDLQLQJLQ%03PDLQWHQDQFHRUKDVEHHQ FHUWLILHGWR PDLQWDLQBMPs +RPHRZQHU¶VDQGRWKHUDVVRFLDWLRQVUHTXLUHGLQ6HFWLRQ%WRHQWHULQWR DQRSHUDWLRQDQGPDLQWHQDQFHDJUHHPHQWVKDOOLQFOXGHD ILQDQFLDOVWDWHPHQWFHUWLI\LQJ FRPSOLDQFHZLWKWKHHVFURZDFFRXQWUHTXLUHPHQWVWKHUHLQ $OOLQVSHFWLRQUHSRUWVVKDOOEHRQIRUPVVXSSOLHGE\WKHStormwaterAdministrator$QRULJLQDO LQVSHFWLRQUHSRUWVKDOOEHSURYLGHGWRWKHStormwaterAdministratorEHJLQQLQJRQH\HDUIURPWKH GDWHRIDVEXLOWFHUWLILFDWLRQDQGHDFK\HDUWKHUHDIWHURQRUEHIRUHWKHGDWHRIWKHDVEXLOWFHUWLILFDWLRQ 23(5$7,21$1'0$,17(1$1&($*5((0(17 $ ,Q*HQHUDO 3ULRUWRWKHconveyanceRUWUDQVIHURIDQ\ORWRUEXLOGLQJVLWHWREHVHUYHGE\DstructuralBMP SXUVXDQWWRWKLVRUGLQDQFHDQGSULRUWRLVVXDQFHRIDQ\SHUPLWIRUdevelopmentRUredevelopment UHTXLULQJDstructural BMPSXUVXDQWWRWKLVRUGLQDQFHWKHDSSOLFDQWRUownerRIWKHVLWHPXVW H[HFXWHDQRSHUDWLRQDQGPDLQWHQDQFHDJUHHPHQWWKDWVKDOOEHELQGLQJRQDOOVXEVHTXHQWownerVRI WKHVLWHSRUWLRQVRIWKHVLWHDQGORWVRUSDUFHOVVHUYHGE\WKHstructural BMP8QWLOWKHWUDQVIHUHQFH RIDOOSURSHUW\VLWHVRUORWVVHUYHGE\WKHstructural BMPWKHRULJLQDOownerRUDSSOLFDQWVKDOOKDYH SULPDU\UHVSRQVLELOLW\IRUFDUU\LQJRXWWKHSURYLVLRQVRIWKHPDLQWHQDQFHDJUHHPHQW 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,9 7KHRSHUDWLRQDQGPDLQWHQDQFHDJUHHPHQWVKDOOUHTXLUHWKHownerRUownerVWRPDLQWDLQUHSDLUDQG LIQHFHVVDU\UHFRQVWUXFWWKHstructural BMPDQGVKDOOVWDWHWKHWHUPVFRQGLWLRQVDQGVFKHGXOHRI PDLQWHQDQFHIRUWKHstructural BMP,QDGGLWLRQLWVKDOOJUDQWWRWKH7RZQRI.HUQHUVYLOOHDULJKW RIHQWU\LQWKHHYHQWWKDWWKHStormwaterAdministratorKDVUHDVRQWREHOLHYHLWKDVEHFRPHQHFHVVDU\ WRLQVSHFWPRQLWRUPDLQWDLQUHSDLURUUHFRQVWUXFWWKHstructural BMPKRZHYHULQQRFDVHVKDOO WKHULJKWRIHQWU\RILWVHOIFRQIHUDQREOLJDWLRQRQWKH7RZQRI.HUQHUVYLOOHWRDVVXPHUHVSRQVLELOLW\ IRUWKHstructural BMP 7KHRSHUDWLRQDQGPDLQWHQDQFHDJUHHPHQWPXVWEHDSSURYHGE\WKHStormwaterAdministratorSULRU WRSODQDSSURYDODQGLWVKDOOEHUHIHUHQFHGRQWKHILQDOSODWDQGVKDOOEHUHFRUGHGZLWKWKHFRXQW\ 5HJLVWHURI'HHGVXSRQILQDOSODWDSSURYDO$FRS\RIWKHUHFRUGHGPDLQWHQDQFHDJUHHPHQWVKDOOEH JLYHQWRWKHStormwaterAdministratorZLWKLQIRXUWHHQGD\VIROORZLQJLWVUHFRUGDWLRQ % 6SHFLDO5HTXLUHPHQWIRU+RPHRZQHUV¶DQG2WKHU$VVRFLDWLRQV )RUDOOstructural BMPsUHTXLUHGSXUVXDQWWRWKLVRUGLQDQFHDQGWKDWDUHWREHRUDUHRZQHGDQG PDLQWDLQHGE\DKRPHRZQHUV¶DVVRFLDWLRQ SURSHUW\ RZQHUV¶DVVR FLDWLRQ RUVLPLODU HQWLW\ WKH UHTXLUHGRSHUDWLRQDQGPDLQWHQDQFHDJUHHPHQWVKDOOLQFOXGHDOORIWKHIROORZLQJSURYLVLRQV $FNQRZOHGJPHQWWKDWWKHDVVRFLDWLRQVKDOOFRQWLQXRXVO\RSHUDWHDQGPDLQWDLQWKH VWRUPZDWHUFRQWURODQGPDQDJHPHQWIDFLOLWLHV (VWDEOLVKPHQWRIDQHVF URZDFFRXQWZKLFKFDQEHVSHQWVROHO\IRUVH GLPHQW UHPRYDOVWUXFWXUDOELRORJLFDORUYHJHWDWLYHUHSODFHPHQWPDMRUUHSDLURUUHFRQVWUXFWLRQ RIWKHstructural BMPs,Istructural BMPsDUHQRWSHUIRUPLQJDGHTXDWHO\RUDVLQWHQGHG RUDUHQRWSURSHUO\PDLQWDLQHGWKH7RZQRI.HUQHUVYLOOHLQLWVVROHGLVFUHWLRQPD\UHPHG\ WKHVLWXDWLRQDQGLQVXFKLQVWDQFHVWKH7RZQRI.HUQHUVYLOOHVKDOOEHIXOO\UHLPEXUVHGIURP WKHHVFURZDFFRXQW(VFURZHGIXQGVPD\EHVSHQWE\WKHDVVRFLDWLRQIRUVHGLPHQWUHPRYDO VWUXFWXUDOELRORJLFDORUYHJHWDWLYHUHSODFHPHQWPDMRUUHSDLUDQGUHFRQVWUXFWLRQRIWKH structural BMPs SURYLGHG WKDW WKH 7RZQRI.HUQ HUVYLOOH VKDOO ILUVW FRQVHQW WRWK H H[SHQGLWXUH(VFURZHGIXQGVVKDOOQRWEHVSHQWIRUURXWLQHODQGVFDSLQJPDLQWHQDQFHLWHPV VXFKDVPRZLQJ 5HTXLUHPHQWRIERWKdeveloperFRQWULEXWLRQDQGDQQXDOVLQNLQJIXQGVWRIXQGWKH HVFURZDFFRXQW3ULRUWRSODWUHFRUGDWLRQRULVVXDQFHRIFRQVWUXFWLRQSHUPLWVZKLFKHYHU VKDOOILUVWRFFXUWKHdeveloperVKDOOSD\LQWRWKHHVFURZDFFRXQWDQDPRXQWHTXDOWR ILIWHHQSHUFHQWRIWKHLQLWLDOFRQVWUXFWLRQFRVWRIWKHstructural BMPs7ZR WKLUGVRIWKHWRWDODPRXQWRIVLQNLQJIXQGEXGJHWVKDOOEHGHSRVLWHGLQWRWKHHVFURZ DFFRXQWZLWKLQWKHILUVWILYH\HDUVDQGWKHIXOODPRXQWVKDOOEHGHSRVLWHGZLWKLQWHQ \HDUVIROORZLQJLQLWLDOFRQVWUXFWLRQRIWKHstructural BMPs)XQGVVKDOOEHGHSRVLWHGHDFK \HDULQWRWKHHVFURZDFFRXQW$SRUWLRQRIWKHDQQXDODVVHVVPHQWVRIWKHDVVRFLDWLRQVKDOO LQFOXGHDQDOORFDWLRQLQWRWKHHVFURZDFFRXQW$Q\IXQGVGUDZQGRZQIURPWKHHVFURZ DFFRXQWVKDOOEHUHSODFHGLQDFFRUGDQFHZLWKWKHVFKHGXOHRID QWLFLSDWHGZRUN XVHGWRFUHDWHWKHVLQNLQJIXQGEXGJHW 5HTXLUHPHQW WKDW WKH DVVRFLDWLRQ LV IRUPHG DQG WKH DVVRFLDWLRQ E\ODZV DUH VXEPLWWHGWRWKH7RZQSULRUWRWKHconveyanceRUWUDQVIHURIDQ\ORWXQLWRUEXLOGLQJVLWH *UDQWWRWKH7RZQRI.HUQHUVYLOOHDULJKWRIHQWU\WRLQVSHFWPRQLWRUPDLQWDLQ UHSDLUDQGUHFRQVWUXFWstructural BMPs $XWKRUL]DWLRQIRUWKH7RZQRI.HUQHUVYLOOHWRUHFRYHUIURPWKHDVVRFLDWLRQDQG LWVPHPEHUVDQ\DQGDOOFRVWVWKH7RZQRI.HUQHUVYLOOHH[SHQGVWRPDLQWDLQRUUHSDLUWKH structural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structural BMPsDQGWKH7RZQRI.HUQHUVYLOOHVKDOOQRWEHOLDEOH WRDQ\SHUVRQIRUWKHFRQGLWLRQRURSHUDWLRQRIstructural BMPs $VWDWHPHQWWKDWWKLVDJUHHPHQWVKDOOQRWLQDQ\ZD\GLPLQLVKOLPLWRUUHVWULFW WKHULJKWRIWKH7RZQRI.HUQHUVYLOOHWRHQIRUFHDQ\RILWVRUGLQDQFHVDVDXWKRUL]HGE\ODZ $FODXVHLQGHPQLI\LQJDQGKROGLQJKDUPOHVVWKH7RZQRI.HUQHUVYLOOHIRUDQ\ FRVWVDQGLQMXULHVDULVLQJIURPRUUHODWHGWRWKHstructural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discharges VXUIDFH ZDWHU JURXQGZDWHUDQGPDWHULDORUZDWHULQBMPsDQGHYDOXDWLQJWKHFRQGLWLRQRIBMPs ,I WKHowner RU RFFXSDQW RI DQ\ SURSHUW\ UHIXVHV WR SHUPLW VXFKL QVSHFWLRQWKHStormwater AdministratorVKDOOSURFHHGWRREWDLQDQDGPLQLVWUDWLYHVHDUFKZDUUDQWSXUVXDQWWR*6RU LWVVXFFHVVRU1RSHUVRQVKDOOREVWUXFWKDPSHURULQWHUIHUHZLWKWKHStormwaterAdministrator ZKLOHFDUU\LQJRXWKLVRUKHURIILFLDOGXWLHV 3(5)250$1&(685(7<)25,167$//$7,21$1'0$,17(1$1&( $ 0D\%H5HTXLUHG 7KH7RZQRI.HUQHUVYLOOHPD\DWLWVGLVFUHWLRQUHTXLUHWKHVXEPLWWDORIDSHUIRUPDQFHVXUHW\SULRU WRLVVXDQFHRIDSHUPLWLQRUGHUWRHQVXUHWKDWWKHstructural BMPsDUH ,QVWDOOHGE\WKHSHUPLWKROGHUDVUHTXLUHGE\WKHDSSURYHGVWRUPZDWHUPDQDJHPHQWSODQ DQGRU 0DLQWDLQHGE\WKHownerDVUHTXLUHGE\WKHRSHUDWLRQDQGPDLQWHQDQFHDJUHHPHQW % $PRXQW ,QVWDOODWLRQ 7KHDPRXQWRIDQLQVWDOODWLRQSHUIRUPDQFHVXUHW\VKDOOEHRIWKHWRWDOHVWLPDWHGFRQVWUXFWLRQ FRVWRIWKHBMPsDSSURYHGXQGHUWKHSHUPLW 0DLQWHQDQFH 7KHDPRXQWRIDPDLQWHQDQFHSHUIRUPDQFHVXUHW\VKDOOEHWKHSUHVHQWYDOXHRIDQDQQXLW\RI SHUSHWXDOGXUDWLRQEDVHGRQDUHDVRQDEOHHVWLPDWHRIWKHDQQXDOFRVWRILQVSHFWLRQRSHUDWLRQDQG PDLQWHQDQFHRIWKHBMPsDSSURYHGXQGHUWKHSHUPLWDWDGLVFRXQWUDWHWKDWUHIOHFWVWKHMXULVGLFWLRQ¶V FRVWRIERUURZLQJPLQXVDUHDVRQDEOHHVWLPDWHRIORQJWHUPLQIODWLRQ 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,9 & 8VHVRI3HUIRUPDQFH6XUHW\ )RUIHLWXUH3URYLVLRQV 7KHSHUIRUPDQFHVXUHW\VKDOOFRQWDLQIRUIHLWXUHSURYLVLRQVIRUIDLOXUHWRFRPSOHWHZRUNZLWKLQWKH WLPHVSHFLILHGRUWRLQLWLDWHRUPDLQWDLQDQ\DFWLRQVZKLFKPD\EHUHTXLUHGRIWKHDSSOLFDQWRUowner LQDFFRUGDQFHZLWKWKLVRUGLQDQFHDSSURYDOVLVVXHGSXUVXDQWWRWKLVRUGLQDQFHRUDQRSHUDWLRQDQG PDLQWHQDQFHDJUHHPHQWHVWDEOLVKHGSXUVXDQWWRWKLVRUGLQDQFH 'HIDXOW 8SRQGHIDXOWRIWKHownerWRFRQVWUXFWPDLQWDLQUHSDLUDQGLIQHFHVVDU\UHFRQVWUXFWDQ\structural BMP LQDFFRUGDQFH ZLWKWKHDSSOLFDEOHSHUP LW RU RSHUDWLRQ DQG PDLQWHQDQFH DJUHHPHQW WKH StormwaterAdministratorVKDOOREWDLQDQGXVHDOORUDQ\SRUWLRQRIWKHSHUIRUPDQFHVXUHW\WRPDNH QHFHVVDU\LPSURYHPHQWVEDVHGRQDQHQJLQHHULQJHVWLPDWH6XFKH[SHQGLWXUHRIIXQGVVKDOORQO\EH PDGHDIWHUUHTXHVWLQJWKHownerWRFRPSO\ZLWKWKHSHUPLWRUPDLQWHQDQFHDJUHHPHQW,QWKHHYHQW RIDGHIDXOWWULJJHULQJWKHXVHRILQVWDOODWLRQSHUIRUPDQFHVXUHW\WKH7RZQRI.HUQHUVYLOOHVKDOOQRW UHWXUQDQ\RIWKHXQXVHGSHUIRUPDQFHVXUHW\ZKLFKVKDOOEHUHWDLQHGIRUPDLQWHQDQFH &RVWVLQ([FHVVRI3HUIRUPDQFH6XUHW\ ,I7KH7RZQRI.HUQHUVYLOOHWDNHVDFWLRQXSRQVXFKIDLOXUHE\WKHDSSOLFDQWRUownerWKH7RZQRI .HUQHUVYLOOHPD\FROOHFWIURPWKHDSSOLFDQWRUownerIRUWKHGLIIHUHQFHVKRXOGWKHDPRXQWRIWKH UHDVRQDEOHFRVWRIVXFKDFWLRQH[FHHGWKHDPRXQWRIWKHSHUIRUPDQFHVXUHW\KHOG 5HIXQG :LWKLQVL[W\GD\VRIWKHILQDODSSURYDOWKHLQVWDOODWLRQSHUIRUPDQFHVXUHW\VKDOOEHUHIXQGHGWRWKH DSSOLFDQWRUWHUPLQDWHGZLWKWKHH[FHSWLRQRIDQ\DPRXQWDWWULEXWDEOHWRWKHFRVWSOXVRI ODQGVFDSLQJLQVWDOODWLRQDQGRQJRLQJPDLQWHQDQFHDVVRFLDWHGZLWKWKHBMPsFRYHUHGE\WKHVXUHW\ $Q\ VXFK ODQGVFDSLQJ VKDOO EH LQVSHFWHG RQH \HDUDIWHUL QVWDOODWLRQ ZLWK UHSODFHPHQW IRU FRPSOLDQFHZLWKWKHD SSURYHGSODQVDQGVSHFLILFDWLRQVDQGLILQFRPSOLDQFHWKHSRUWLRQRIWKH SHUIRUPDQFHVXUHW\DWWULEXWDEOHWRODQGVFDSLQJVKDOOEHUHOHDVHG 127,&(722:1(56 $ 'HHG5HFRUGDWLRQDQG,QGLFDWLRQV2Q3ODW 7KHDSSOLFDEOHRSHUDWLRQVDQGPDLQWHQDQFHDJUHHPHQWSHUWDLQLQJWRHYHU\structural BMPVKDOOEH UHIHUHQFHGRQWKHILQDOSODWDQGVKDOOEHUHFRUGHGZLWKWKHFRXQW\5HJLVWHURI'HHGVXSRQILQDOSODW DSSURYDO,IQRVXEGLYLVLRQSODWLVU HFRUGHGIRUWKHVLWHWK HQWKHRSHUDWLRQVDQGPDLQWHQDQFH DJUHHPHQWVKDOOEHUHFRUGHGZLWKWKHFRXQW\5HJLVWHURI'HHGVVRDVWRDSSHDULQWKHFKDLQRIWLWOH RIDOOVXEVHTXHQWSXUFKDVHUVXQGHUJHQHUDOO\DFFHSWHGVHDUFKLQJSULQFLSOHV % 6LJQDJH :KHUHDSSURSULDWHLQWKHGHWHUPLQDWLRQRIWKHStormwaterAdministratorWRDVVXUHFRPSOLDQFHZLWK WKLVRUGLQDQFHstructural BMPsVKDOOEHSRVWHGZLWKDFRQVSLFXRXVVLJQVWDWLQJZKRLVUHVSRQVLEOH IRUUHTXLUHGPDLQWHQDQFHDQGDQQXDOLQVSHFWLRQ7KHVLJQVKDOOEHPDLQWDLQHGVRDVWRUHPDLQYLVLEOH DQGOHJLEOH 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,9 5(&25'62),167$//$7,21$1'0$,17(1$1&($&7,9,7,(6 7KHownerRIHDFKstructural BMPVKDOONHHSUHFRUGVRILQVSHFWLRQVPDLQWHQDQFHDQGUHSDLUVIRU DWOHDVWILYH\HDUVIURPWKHGDWHRIFUHDWLRQRIWKHUHFRUGDQGVKDOOVXEPLWWKHVDPHXSRQUHDVRQDEOH UHTXHVWWRWKHStormwaterAdministrator 18,6$1&( 7KHownerRIHDFKVWRUPZDWHUBMPZKHWKHUstructuralRUQRQstructural BMPVKDOOPDLQWDLQLWVR DVQRWWRFUHDWHRUUHVXOWLQDQXLVDQFHFRQGLWLRQ *(1(5$/67$1'$5'6)25(1)25&(0(17$1'9,2/$7,216 $ $XWKRULW\WR(QIRUFH 7KHSURYLVLRQVRIWKLVRUGLQDQFHVKDOOEHHQIRUFHGE\WKHStormwaterAdministratorKLVRUKHU GHVLJQHHRUDQ\DXWKRUL]HGDJHQWRIWKH7RZQRI.HUQHUVYLOOH:KHQHYHUWKLVVHFWLRQUHIHUVWRWKH StormwaterAdministratorLWLQFOXGHVKLVRUKHUGHVLJQHHDVZHOODVDQ\DXWKRUL]HGDJHQWRI7RZQ RI.HUQHUVYLOOH % 9LRODWLRQ8QODZIXO $Q\IDLOXUHWRFRPSO\ZLWKDQDSSOLFDEOHUHTXLUHPHQWSURKLELWLRQVWDQGDUGRUOLPLWDWLRQLPSRVHG E\WKLVRUGLQDQFHRUWKHWHUPVRUFRQGLWLRQVRIDQ\SHUPLWRURWKHUdevelopmentRUredevelopment DSSURYDORUDXWKRUL]DWLRQJUDQWHGSXUVXDQWWRWKLVRUGLQDQFHLVXQODZIXODQGVKDOOFRQVWLWXWHD YLRODWLRQRIWKLVRUGLQDQFH & (DFK'D\D6HSDUDWH2IIHQVH (DFKGD\WKDWDYLRODWLRQFRQWLQXHVVKDOOFRQVWLWXWHDVHSDUDWHDQGGLVWLQFWYLRODWLRQRURIIHQVH ' 5HVSRQVLEOH3HUVRQV(QWLWLHV $Q\SHUVRQZKRHUHFWVFRQVWUXFWVUHFRQVWUXFWVDOWHUVZKHWKHUDFWLYHO\RUSDVVLYHO\RUIDLOVWR HUHFWFRQVWUXFWUHFRQVWUXFWDOWHUUHSDLURUPDLQWDLQDQ\VWUXFWXUHBMPSUDFWLFHRUFRQGLWLRQLQ YLRODWLRQRIWKLVRUGLQDQFHVKDOOEHVXEMHFWWRWKHUHPHGLHVSHQDOWLHVDQGRUHQIRUFHPHQWDFWLRQVLQ DFFRUGDQFHZLWKWKLVVHFWLRQ3HUVRQV VXEMHFWWRWKHUHPHGLHVDQGSHQDOWLHVVHWIRUWKKHUHLQPD\ LQFOXGHDQ\DUFKLWHFWHQJLQHHUEXLOGHUFRQWUDFWRUdeveloperDJHQF\RUDQ\RWKHUSHUVRQZKR SDUWLFLSDWHVLQDVVLVWVGLUHFWVFUHDWHVFDXVHVRUPDLQWDLQVDFRQGLWLRQWKDWUHVXOWVLQRUFRQVWLWXWHV DYLRODWLRQRIWKLVRUGLQDQFHRUIDLOVWRWDNHDSSURSULDWHDFWLRQVRWKDWDYLRODWLRQRIWKLVRUGLQDQFH UHVXOWVRUSHUVLVWVRUDQownerDQ\WHQDQWRURFFXSDQWRUDQ\RWKHUSHUVRQZKRKDVFRQWURORYHU RUUHVSRQVLELOLW\IRUWKHXVHRUdevelopmentRIWKHSURSHUW\RQZKLFKWKHYLRODWLRQRFFXUV )RUWKHSXUSRVHVRIWKLVDUWLFOHDUHVSRQVLEOHSHUVRQVVKDOOLQFOXGHWKHownerRIWKHODQGRQZKLFK WKHYLRODWLRQRFFXUVDQ\WHQDQWRURFFXSDQWRIWKHSURSHUW\DQ\SHUVRQZKRLVUHVSRQVLEOHIRU VWRUPZDWHUFRQWUROVRUSUDFWLFHVSXUVXDQWWRDSULYDWHDJUHHPHQWRUSXEOLFGRFXPHQWRUDQ\SHUVRQ ZKRKDVFRQWURORYHURUUHVSRQVLELOLW\IRUWKHXVHdevelopmentRUredevelopmentRIWKHSURSHUW\ $UHVSRQVLEOHSHUVRQVPD\DOVRLQFOXGHEXWQRWEHOLPLWHGWRDQDUFKLWHFWHQJLQHHUEXLOGHU FRQWUDFWRUdeveloperDJHQF\RUDQ\RWKHUSHUVRQZKRSDUWLFLSDWHVLQDVVLVWVGLUHFWV FUHDWHV FDXVHVPDLQWDLQVRUGRHVQRWFRUUHFWDFRQGLWLRQWKDWFRQVWLWXWHVDYLRODWLRQRIWKLVRUGLQDQFHRU IDLOVWRWDNHDSSURSULDWHDFWLRQUHVXOWLQJLQDFRQWLQXLQJYLRODWLRQ 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,9 5(0(',(6$1'3(1$/7,(6 7KHUHPHGLHVDQGSHQDOWLHVSURYLGHGIRUYLRODWLRQVRIWKLVRUGLQDQFHZKHWKHUFLYLORUFULPLQDOVKDOO EHFXPXODWLYHDQGLQDGGLWLRQWRDQ\RWKHUUHPHG\SURYLGHGE\ODZDQGPD\EHH[HUFLVHGLQDQ\ RUGHU $ 5HPHGLHV :LWKKROGLQJRI&HUWLILFDWHRI2FFXSDQF\ 7KHStormwater Administrator RU RWKHU DXWKRUL]HG DJHQW PD\ UHIXVH WRLVV XH DFH UWLILFDWH RI RFFXSDQF\IRUWKHEXLOGLQJRURWKHULPSURYHPHQWVFRQVWUXFWHGRUEHLQJFRQVWUXFWHGRQWKHVLWHDQG VHUYHGE\WKHVWRUPZDWHUSUDFWLFHVLQTXHVWLRQXQWLOWKHDSSOLFDQWRURWKHUUHVSRQVLEOHSHUVRQKDV WDNHQWKHUHPHGLDOPHDVXUHVVHWIRUWKLQWKHQRWLFHRIYLRODWLRQRUKDVRWKHUZLVHFXUHGWKHYLRODWLRQV GHVFULEHGWKHUHLQ 'LVDSSURYDORI6XEVHTXHQW3HUPLWVDQG'HYHORSPHQW$SSURYDOV $V ORQJ DV D YLRODWLRQ RI WKLV RUGLQDQFH FRQWLQXHV DQG UHPDLQVXQFRUUHFWHG WKHStormwater AdministratorVKDOOLQIRUPWKH]RQLQJRIILFHUVDQGRWKHUGHYHORSPHQWRIILFLDOVDQGUHTXHVWWKDWDOO SHUPLWVRUdevelopmentDSSURYDOVRUDXWKRUL]DWLRQVSURYLGHGIRUE\WKLVRUGLQDQFHRUWKH]RQLQJ VXEGLYLVLRQDQGRUEXLOGLQJUHJXODWLRQVEHGHOD\HGRUGHQLHGDVDSSURSULDWHIRUWKHODQGRQZKLFK WKHYLRODWLRQRFFXUVXQWLOWKHFRUUHFWLYHDFWLRQVKDYHEHHQFRPSOHWHG ,QMXQFWLRQ$EDWHPHQWVHWF 7KHStormwaterAdministrator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tormwaterAdministrator ZLWKWKHZULWWHQDXWKRUL]DWLRQRIWKH%RDUGRI$OGHUPDQRIWKH7RZQRI.HUQHUVYLOOHPD\FDXVHWKH YLRODWLRQWREHFRUUHFWHGDQGWKHFRVWVWREHDVVHVVHGDVDOLHQDJDLQVWWKHSURSHUW\ 6WRS:RUN2UGHU 7KHStormwaterAdministrator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tormwaterAdministrator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tormwaterAdministratorZKRVKDOOUHFRUGWKHFRPSODLQW7KHFRPSODLQW VKDOOEHLQYHVWLJDWHGSURPSWO\E\WKHStormwaterAdministrator % ,QVSHFWLRQ 7KHStormwaterAdministratorVKDOOKDYHWKHDXWKRULW\XSRQSUHVHQWDWLRQRISURSHUFUHGHQWLDOVWR HQWHUDQGLQVSHFWDQ\ODQGEXLOGLQJVWUXFWXUHRUSUHPLVHVWRHQVXUHFRPSOLDQFHZLWKWKLVRUGLQDQFH & 1RWLFHRI9LRODWLRQDQG2UGHUWR&RUUHFW :KHQWKHStormwaterAdministratorILQGVWKDWDQ\EXLOGLQJVWUXFWXUHRUODQGLVLQYLRODWLRQRIWKLV RUGLQDQFHWKHStormwaterAdministratorVKDOOQRWLI\LQZULWLQJWKHSURSHUW\ownerRURWKHUSHUVRQ YLRODWLQJWKLVRUGLQDQFH7KHStormwaterAdministratorPD\FRQVXOWZLWKWKHStormwaterReview Committee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tormwaterAdministratorPD\GHOLYHUWKHQRWLFHRIYLRODWLRQDQGFRUUHFWLRQRUGHUSHUVRQDOO\ E\WKH.HUQHUVYLOOH3ROLFH'HSDUWPHQWRUDSSURSULDWH6KHULII¶VGHSDUWPHQWE\FHUWLILHGRUUHJLVWHUHG PDLOUHWXUQUHFHLSWUHTXHVWHGRUE\DQ\PHDQVDXWKRUL]HGIRUWKHVHUYLFHRIGRFXPHQWVE\5XOH RIWKH1RUWK&DUROLQD5XOHVRI&LYLO3URFHGXUH ,IDYLRODWLRQLVQRWFRUUHFWHGZLWKLQDUHDVRQDEOHSHULRGRIWLPHDVSURYLGHGLQWKHQRWLILFDWLRQWKH StormwaterAdministratorPD\WDNHDSSURSULDWHDFWLRQXQGHUWKLVRUGLQDQFHWRFRUUHFWDQGDEDWHWKH YLRODWLRQDQGWRHQVXUHFRPSOLDQFHZLWKWKLVRUGLQDQFH ' ([WHQVLRQRI7LPH $SHUVRQZKRUHFHLYHVDQRWLFHRIYLRODWLRQDQGFRUUHFWLRQRUGHURUWKHownerRIWKHODQGRQZKLFK WKHYLRODWLRQRFFXUVPD\VXEPLWWRWKHStormwaterAdministratorDZULWWHQUHTXHVWIRUDQH[WHQVLRQ RIWLPHIRUFRUUHFWLRQRIWKHYLRODWLRQ2QGHWHUPLQLQJWKDWWKHUHTXHVWLQFOXGHVHQRXJKLQIRUPDWLRQ WRVKRZWKDWWKHYLRODWLRQFDQQRWEHFRUUHFWHGZLWKLQWKHVSHFLILHGWLPHOLPLWIRUUHDVRQVEH\RQGWKH FRQWURORIWKHSHUVRQUHTXHVWLQJWKHH[WHQVLRQWKHStormwaterAdministratorPD\H[WHQGWKHWLPH OLPLWDVLVUHDVRQDEO\QHFHVVDU\WRDOORZWLPHO\FRUUHFWLRQRIWKHYLRODWLRQXSWREXWQRWH[FHHGLQJ GD\V7KHStormwaterAdministratorPD\JUDQWGD\H[WHQVLRQVLQDGGLWLRQWRWKHIRUHJRLQJ H[WHQVLRQLIWKHYLRODWLRQFDQQRWEHFRUUHFWHGZLWKLQWKHSHUPLWWHGWLPHGXHWRFLUFXPVWDQFHVEH\RQG WKHFRQWURORIWKHSHUVRQYLRODWLQJWKLVRUGLQDQFH7KHStormwaterAdministratorPD\JUDQWDQ 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU &$UWLFOH,9 H[WHQVLRQRQO\E\ZULWWHQQRWLFHRIH[WHQVLRQ7KHQRWLFHRIH[WHQVLRQVKDOOVWDWHWKHGDWHSULRUWR ZKLFKFRUUHFWLRQPXVWEHPDGHDIWHUZKLFKWKHYLRODWRUZLOOEHVXEMHFWWRWKHSHQDOWLHVGHVFULEHGLQ WKHQRWLFHRIYLRODWLRQDQGFRUUHFWLRQRUGHU ( (QIRUFHPHQW$IWHU7LPHWR&RUUHFW $IWHUWKHWLPHKDVH[SLUHGWRFRUUHFWDYLRODWLRQLQFOXGLQJDQ\H[WHQVLRQVLIDXWKRUL]HGE\WKH StormwaterAdministrator WKHStormwaterAdministrator VKDOO GHWHUPLQH LIWK H YLRODWLRQ LV FRUUHFWHG,IWKHYLRODWLRQLVQRWFRUUHFWHGWKHStormwaterAdministratorPD\DFWWRLPSRVHRQHRU PRUHRIWKHUHPHGLHVDQGSHQDOWLHVDXWKRUL]HGE\WKLVRUGLQDQFH ) (PHUJHQF\(QIRUFHPHQW ,IGHOD\LQFRUUHFWLQJDYLRODWLRQZRXOGVHULRXVO\WKUHDWHQWKHHIIHFWLYHHQIRUFHPHQWRIWKLVRUGLQDQFH RU SRVH DQ LPPHGLDWH GDQJHU WR WKH SXEOLF KHDOWK VDIHW\RU ZHOIDUH WKHQ WKHStormwater AdministratorPD\RUGHUWKHLPPHGLDWHFHVVDWLRQRIDYLRODWLRQ$Q\SHUVRQVRRUGHUHGVKDOOFHDVH DQ\ YLRODWLRQ LPPHGLDWHO\ 7KHStormwaterAdministrator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¶VIDLOXUHWRSHUIRUPDQGDWDQJLEOH JXDUDQWHHRISHUIRUPDQFHRUWKHIXOILOOPHQWRIDQREOLJDWLRQ7KHIROORZLQJ PXVWEHLQFOXGHGLQDQ\ 3HUIRUPDQFH%RQGDFFHSWHGE\WKH7RZQRI.HUQHUVYLOOHDQGFRQVLGHUHGDVVXFKZLWKLQWKLVRUGLQDQFH $(QWLW\LVVXLQJWKH3HUIRUPDQFH6XUHW\PXVWEHOLFHQVHGWRGREXVLQHVVLQWKH6WDWHRI1RUWK&DUROLQD DQGVWDWHLWVSUHIHUUHGFRUUHVSRQGHQFHDGGUHVVZLWKLQWKH3HUIRUPDQFH6XUHW\ %7KH3HUIRUPDQFH6XUHW\PXVWEHLVVXHGLQIDYRURIWKH7RZQRI.HUQHUVYLOOHREOLJHHIRUDVSHFLILHG DPRXQW &7KH3HUIRUPDQFH6XUHW\VKDOOFOHDUO\LQGLFDWHWKHREOLJDWLRQZLWKLQWKHGRFXPHQW '7KH3HUIRUPDQFH6XUHW\VKDOOFOHDUO\LQGLFDWHSULQFLSDO¶VIXOOLQWHQWWRSHUIRUP (7KH3HUIRUPDQFH6XUHW\VKDOOVWDWHWKHVXUHW\VKDOOVWD\LQIXOOIRUFHDQGHIIHFWXQWLOREOLJHHQRWLILHV SULQFLSDOWKDWDOOREOLJDWLRQVVWDWHGZLWKLQWKH3HUIRUPDQFH6XUHW\KDYHEHHQVDWLVILHGLQWKHLU HQWLUHW\ 3(5)250$1&(685(7<$JXDUDQWHHDJDLQVWORVVRUGDPDJHIURPRQH¶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¶6&5((.6(:(56(59,&($5($:$7(56+('3527(&7,21 58/(6 7KH ZDWHUVKHGSURWHFWLRQUXOHVDVVHWRXWLQ6HFWLRQ&³'HHS5LYHU :DWHUVKHG 5LSDULDQ$UHDV´VKDOODOVRDSSO\WRWKDWSRUWLRQRIWKH/RZHU$EERWW¶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¶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¶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¶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ernersville Erosion and Sedimentation Control Ordinance ZULWWHQYHULILFDWLRQWKDWDVRLOHURVLRQDQGVHGLPHQWDWLRQFRQWUROSODQKDVEHHQDSSURYHG E\WKH3HUPLW (QIRUFHPHQW'LYLVLRQDQG 3HUPLWDSSOLFDWLRQIHHVDVHVWDEOLVKHGE\6HFWLRQRIWKLV2UGLQDQFH & +RPHRZQHU¶V3URSHUW\ 2ZQHU¶V )RU WKRVH GHYHORSPHQWV KDYLQJ D SHUPDQHQW VWRUP ZDWHU FRQWURO VWUXFWXUH +RPHRZQHU¶V3URSHUW\ 2ZQHU¶V $VVRFLDWLRQ &RYHQDQWV &RQGLWLRQV DQG 5HVWULFWLRQVDQG$UWLFOHVRI,QFRUSRUDWLRQVKDOOEHUHYLHZHGDQGDSSURYHGE\WKH:DWHUVKHG5HYLHZ &RPPLWWHHSULRUWRUHFRUGDWLRQRIDSODW +RPHRZQHU¶V$VVRFLDWLRQVRU3URSHUW\2ZQHU¶V$VVRFLDWLRQVUHVSRQVLEOHIRUSHUPDQHQW VWRUP ZDWHU FRQWURO VWUXFWXUH PDLQWHQDQFH DQG RZQHUVKLS VKDOO EH LQFRUSRUDWHG LQ FRPSOLDQFHZLWKDSSOLFDEOH1RUWK&DUROLQD*HQHUDO6WDWXWHV$VVRFLDWLRQVVKDOOQRWKDYH H[SLUDWLRQGDWHVEXWVKDOOEHSHUSHWXDO 7KH IROORZLQJ WHUPV DQG FRQGLWLRQV VKDOO EH LQFOXGHG LQ WKH +RPHRZQHU¶V3URSHUW\ 2ZQHU¶V $VVRFLDWLRQ &RYHQDQWV &RQGLWLRQV DQG 5HVWULFWLRQV DQG $UWLFOHV RI ,QFRUSRUDWLRQZKLFK$VVRFLDWLRQVDUHUHTXLUHGWRKDYHVWRUPZDWHUFRQWUROVWUXFWXUHVE\ WKH7RZQRI.HUQHUVYLOOH:DWHUVKHG3URWHFWLRQ2UGLQDQFH D 7KH+RPHRZQHU¶V3URSHUW\2ZQHU¶V$VVRFLDWLRQLVUHVSRQVLEOHIRUPDLQWDLQLQJ WKHFRPSOHWHGSHUPDQHQWVWRUPZDWHUWUHDWPHQWVWUXFWXUHVDVGLUHFWHGE\WKH :DWHUVKHG $GPLQLVWUDWRU IRU WKH 7RZQ RI .HUQHUVYLOOH ,I WKH +RPHRZQHU¶V3URSHUW\2ZQHU¶VVKRXOGEHGLVVROYHGRUFHDVHWRH[LVWWKHQLQ WKDWHYHQWDOOWKHRZQHUVRIUHFRUGDWWKHWLPHRIUHTXLUHGPDLQWHQDQFHVKDOOEH MRLQWO\DQGVHYHUDOO\OLDEOHIRUDQ\DQGDOOFRVWVDWWHQGDQWWKHUHWR E $PHQGPHQWVWRWKH+RPHRZQHU¶V3URSHUW\2ZQHU¶V$VVRFLDWLRQ&RYHQDQWV &RQGLWLRQV DQG 5HVWULFWLRQV RU $UWLFOHV RI ,QFRUSRUDWLRQ UHODWLQJ WR WKH PDLQWHQDQFHDQGRZQHUVKLSRIWKHSHUPDQHQWVWRUPZDWHUWUHDWPHQWVWUXFWXUHV VKDOOQRWEHSHUPLWWHGZLWKRXWUHYLHZDQGDSSURYDORIWKH7RZQRI.HUQHUVYLOOH :DWHUVKHG5HYLHZ&RPPLWWHH 7KHIROORZLQJQRWHVDUHUHTXLUHGRQSODWVUHFRUGHGIRU+RPHRZQHU¶V3URSHUW\2ZQHU¶V $VVRFLDWLRQZKLFK$VVRFLDWLRQVDUHUHTXLUHGWRKDYHVWRUPZDWHUFRQWUROVWUXFWXUHVE\ WKH7RZQRI.HUQHUVYLOOH¶V:DWHUVKHG&RQWURO2UGLQDQFH 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU&$UWLFOH,,, D 7KHRZQHUVRISURSHUW\VKRZQRQWKLVUHFRUGHGSODWVKDOOEHVXEMHFWWRWKHWHUPV DQGFRQGLWLRQVRIWKH+RPHRZQHU¶V3URSHUW\2ZQHU¶V$VVRFLDWLRQ&RYHQDQWV &RQGLWLRQVDQG5HVWULFWLRQVRU$UWLFOHVRI,QFRUSRUDWLRQZKLFKDUHUHFRUGHGDW 'HHG%RRN3DJHLQWKHRIILFHVRIWKH)RUV\WK&RXQW\5HJLVWHURI'HHGV E 6KRXOG WKH QDPH RI WKH DVVRFLDWLRQ +RPHRZQHU¶V 3URSHUW\ 2 ZQHU¶V $VVRFLDWLRQ FHDVH WR H[LVW RU IDLO WR SURYLGH DGHTXDWH PDLQWHQDQFH RI WKH $VVRFLDWLRQ¶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³6WRUPZDWHU2UGLQDQFH´,WLVUHIHUUHGWRKHUHLQDV³WKLV RUGLQDQFH´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³&OHDQ :DWHU $FW´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¶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year, 24-hour storm7KHVXUIDFHUXQRIIUHVXOWLQJIURPDKRXUUDLQIDOORIDQLQWHQVLW\H[SHFWHGWREH HTXDOHGRUH[FHHGHGRQDYHUDJHRQFHLQPRQWKVDQGZLWKDGXUDWLRQRIKRXUV Best management practice (BMP).$VWUXFWXUDORUQRQVWUXFWXUDOPDQDJHPHQWEDVHGSUDFWLFHXVHGVLQJXODUO\ RULQFRPELQDWLRQWRUHGXFHQRQSRLQWVRXUFHLQSXWVWRUHFHLYLQJZDWHUVLQRUGHUWRDFKLHYHZDWHUTXDOLW\ SURWHFWLRQJRDOV Built-upon area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lean Water Act7KH)HGHUDO:DWHU3ROOXWLRQ&RQWURO$FW86&µHWVHTDQGDQ\VXEVHTXHQW DPHQGPHQWVWKHUHWR Connection$Q\GLWFKSLSHRURWKHUGHYLFHIRUWKHGLYHUVLRQRUWUDQVPLVVLRQRIVWRUPGUDLQDJHZKLFKZLOO LQDQ\ZD\DIIHFWWKHRSHUDWLRQRUPDLQWHQDQFHRIWKHPXQLFLSDOVHSDUDWHVWRUPVHZHUV\VWHP Conveyance$Q\IHDWXUHRIWKHODQGVFDSHRUHDUWKPDQPDGHRUQDWXUDOWKDWFDUULHVZDWHULQDFRQFHQWUDWHG IORZ Design Manual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eveloper$SHUVRQHQJDJHGLQODQGVLWHRUEXLOGLQJGHYHORSPHQW Development$Q\ODQGGLVWXUELQJDFWLYLW\ZKLFKDGGVWRRUFKDQJHVWKHDPRXQWRILPSHUYLRXVRUSDUWLDOO\ LPSHUYLRXVFRYHURQDODQGDUHDRUZKLFKRWKHUZLVHGHFUHDVHVWKHLQILOWUDWLRQRISUHFLSLWDWLRQLQWRWKHVRLO Discharge$GGLWLRQVRISROOXWDQWVLQWRZDWHUVRIWKH8QLWHG6WDWHVIURP6XUIDFHUXQRIIZKLFKLVFROOHFWHG RUFKDQQHOHGE\PDQGLVFKDUJHVWKURXJKSLSHVVHZHUVRURWKHUFRQYH\DQFHRZQHGE\DVWDWHGPXQLFLSDOLW\ RURWKHUSHUVRQZKLFKGRHVQRWOHDGWRDWUHDWPHQWZRUNVDQGGLVFKDUJHVWKURXJKSLSHVVHZHUVRURWKHU FRQYH\DQFHOHDGLQJLQWRSULYDWHO\RZQHGWUHDWPHQWZRUNV Ditch/swale.2SHQFKDQQHOWKDWLQILOWUDWHVDQGRUWUDQVSRUWVUXQRIIZDWHUV Drainage.7KHIORZRIUXQRIILQWRDFRQYH\DQFH Drainage easement$QHDVHPHQWZKLFKJUDQWVWRWKHERDUGRIDOGHUPDQWKHULJKWWRPDLQWDLQFRQYH\DQFHV RIGUDLQDJHVWUXFWXUHV Easement$JUDQWRIRQHRUPRUHRIWKHSURSHUW\ULJKWVE\WKHSURSHUW\RZQHUWRRUIRUXVHE\WKH SXEOLFDFRUSRUDWLRQRURWKHUHQWLW\ Erosion.7KHZHDULQJDZD\RIODQGVXUIDFHE\WKHDFWLRQRIZLQGZDWHUJUDYLW\RUDQ\FRPELQDWLRQWKHUHRI Existing development7KRVHSURMHFWVWKDWDUHEXLOWLQDQRQZDWHUVXSSO\ZDWHUVKHGWKDWDWDPLQLPXPIRU ZKLFKDYHVWHGULJKWKDVEHHQHVWDEOLVKHGXQGHU1RUWK&DUROLQD]RQLQJODZEDVHGRQDWOHDVWRQHRIWKH IROORZLQJFULWHULDVXEVWDQWLDOH[SHQGLWXUHRIUHVRXUFHVEDVHGRQDJRRGIDLWKUHOLDQFHXSRQDYDOLGORFDO JRYHUQPHQWDSSURYDOWRSURFHHGZLWKDSURMHFWRULVVXDQFHRIDYDOLGEXLOGLQJSHUPLWRUVXEVWDQWLDO H[SHQGLWXUHRIUHVRXUFHVEDVHGRQDQDSSURYHGVLWHVSHFLILFGHYHORSPHQWSODQ Facility$Q\ODQGXVHLQFOXGLQJEXWQRWOLPLWHGWRFRPPHUFLDOLQGXVWULDODQGUHVLGHQWLDOODQGXVHVDQG DQ\RWKHUVRXUFHLQFOXGLQJEXWQRWOLPLWHGWRPRWRUYHKLFOHVDQGUROOLQJVWRFNWKDWGLUHFWO\FRQWULEXWHFDXVH RUSHUPLWWKHFRQWULEXWLRQRIDQ\GLVFKDUJHLOOLFLWRURWKHUZLVHWRWKH06 Garbage.$OOQRQKD]DUGRXVDQGQRQPHGLFDOVROLG ZDVWHLQFOXGLQJDQLPDODQGYHJHWDEOHVROLG ZDVWH UHVXOWLQJIURPWKHKDQGOLQJSUHSDUDWLRQFRRNLQJDQGFRQVXPSWLRQRIIRRGLQFOXGLQJWKHPLQLPDODPRXQWRI OLTXLGQHFHVVDULO\LQFLGHQWWKHUHWR Geotextile Fabric.*HRWH[WLOHIDEULFPHDQVDSHUPHDEOHJHRV\QWKHWLFFRPSULVHGVROHO\RIQRQELRGHJUDGDEOH WH[WLOHV Having control over6KDOOPHDQEXWQRWEHOLPLWHGWRDQ\SHUVRQXVLQJWUDQVIHUULQJVWRULQJRUWUDQVSRUWLQJ DKD]DUGRXVPDWHULDOLPPHGLDWHO\SULRUWRUHOHDVHRIVXFKKD]DUGRXVPDWHULDORQWKHODQGRULQWRWKHDLURU WKHZDWHUVRIWKHWRZQ Hazardous material$Q\VXEVWDQFHZKLFKZKHQGLVFKDUJHGLQDQ\TXDQWLW\PD\SUHVHQWDQHPLQHQWDQG VXEVWDQWLDOGDQJHUWRWKHSXEOLFKHDOWKRUZHOIDUHRUWRWKHHQYLURQPHQWRUDQ\VXEVWDQFHOLVWHGLQ6$5$7LWOH ,,,6HFWLRQH[WUHPHO\KD]DUGRXVVXEVWDQFHV&(5&/$KD]DUGRXVVXEVWDQFHVRU6HFWLRQRIWKH &OHDQ:DWHU$FWRLODQGKD]DUGRXVVXEVWDQFHV Hazardous material response7KHVHQGLQJRIILUHGHSDUWPHQWHTXLSPHQWWRDEDWHKD]DUGRXVPDWHULDOV ZKLFKHQGDQJHUWKHKHDOWKRUVDIHW\RISHUVRQVRUWKHHQYLURQPHQW High-density project$Q\SURMHFWWKDWH[FHHGVWKHORZGHQVLW\WKUHVKROGIRUGZHOOLQJXQLWVSHUDFUHDQG EXLOWXSRQDUHD Illicit connection$QLOOLFLWFRQQHFWLRQLVHLWKHURIWKHIROORZLQJ 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU&$UWLFOH,9 $$Q\FRQYH\DQFHWKDWDOORZVRUPD\DOORZDQ,OOLFLW'LVFKDUJHWRHQWHUWKH06RU %$Q\SLSHOLQHGLWFKRURWKHUFRQYH\DQFHFRQQHFWHGWRWKH06ZKLFKKDVQRWEHHQGRFXPHQWHGLQ FRQVWUXFWLRQRUVLWHSODQVDEXLOGLQJSHUPLWPDSVRURWKHUHTXLYDOHQWUHFRUGVE\ZKLFKWKH7RZQ RI.HUQHUVYLOOHZRXOGKDYHH[SUHVVQRWLFHRIWKHH[LVWHQFHDQGORFDWLRQWRWKH06 Illicit discharge.$Q\GLVFKDUJHWRDPXQLFLSDOVHSDUDWHVWRUPVHZHUV\VWHP06WKDWLVQRWFRPSRVHG HQWLUHO\RIVWRUPZDWHUH[FHSWGLVFKDUJHVSXUVXDQWWRD13'(6SHUPLWRWKHUWKDQWKH13'(6SHUPLWIRU GLVFKDUJHVIURPWKH06DQGGLVFKDUJHVUHVXOWLQJIURPILUHILJKWLQJDFWLYLWLHV Impervious surface$QDUHDFRPSRVHGRIDQ\PDWHULDOWKDWLPSHGHVRUSUHYHQWVQDWXUDOLQILOWUDWLRQRIZDWHU LQWRWKHVRLO,PSHUYLRXVDUHDVKDOOLQFOXGHEXWDUHQRWOLPLWHGWRURRIVGHFNVGULYHZD\VSDWLRVVLGHZDONV SDUNLQJDUHDVWHQQLVFRXUWVFRQFUHWHRUDVSKDOWVWUHHWVFUXVKHGVWRQHDQGJUDYHOVXUIDFHV Larger common plan of development or sale$Q\DUHDZKHUHPXOWLSOHVHSDUDWHDQGGLVWLQFWFRQVWUXFWLRQRU ODQGGLVWXUELQJDFWLYLWLHVZLOORFFXUXQGHURQHSODQ$SODQLVDQ\DQQRXQFHPHQWRUSLHFHRIGRFXPHQWDWLRQ LQFOXGLQJEXWQRWOLPLWHGWRDVLJQSXEOLFQRWLFHRUKHDULQJVDOHVSLWFKDGYHUWLVHPHQWORDQDSSOLFDWLRQ GUDZLQJSHUPLWDSSOLFDWLRQ]RQLQJUHTXHVWRUFRPSXWHUGHVLJQRUSK\VLFDOGHPDUFDWLRQLQFOXGLQJEXWQRW OLPLWHGWRERXQGDU\VLJQVORWVWDNHVRUVXUYH\RUPDUNLQJVLQGLFDWLQJWKDWFRQVWUXFWLRQDFWLYLWLHVPD\RFFXU RQDVSHFLILFSORW Low-density project$SURMHFWWKDWKDVQRPRUHWKDQWZRGZHOOLQJXQLWVSHUDFUHRUWZHQW\IRXUSHUFHQW EXLOWXSRQDUHD%8$IRUDOOUHVLGHQWLDODQGQRQUHVLGHQWLDOGHYHORSPHQW Municipal separate storm sewer (MS4).)RUUHJXODWRU\SXUSRVHVDFRQYH\DQFHRUV\VWHPRIFRQYH\DQFHV LQFOXGLQJVWRUPGUDLQV\VWHPVURDGVZLWKGUDLQDJHV\VWHPVPXQLFLSDOVWUHHWVFDWFKEDVLQVFXUEVJXWWHUV GLWFKHVPDQPDGHFKDQQHOVRUVWRUPGUDLQV ZLWKLQWKH7RZQOLPLWVDQGLQDQ\RIWKHH[WUDWHUULWRULDO MXULVGLFWLRQV National Pollutant Discharge Elimination System (NPDES)$SHUPLWWLQJV\VWHPHVWDEOLVKHGE\6HFWLRQ RIWKH&OHDQ:DWHU$FW3HUPLWVDUHLVVXHGE\WKH6WDWHRI1RUWK&DUROLQDIRUGLVFKDUJHVGLUHFWO\WRWKH VXUIDFHZDWHUVRIWKHVWDWH New development$Q\DFWLYLW\IRUZKLFKDEXLOGLQJSHUPLWRUDJUDGLQJSHUPLWLVUHTXLUHGRUDQ\RIWKH IROORZLQJ ZLWKRXW UHJDUG WR D SHUPLW UHTXLUHPHQW FOHDULQJ VWULSSLQJ GUHGJLQJ JUDGLQJ H[FDYDWLQJ WUDQVSRUWLQJDQGILOOLQJRIODQG Non StructuralBest management practice (BMP). $ QRQVWUXFWXUDO PDQDJHPHQWEDVHG SUDFWLFH XVHG VLQJXODUO\RULQFRPELQDWLRQWRUHGXFHQRQSRLQWVRXUFHLQSXWVWRUHFHLYLQJZDWHUVLQRUGHUWRDFKLHYHZDWHU TXDOLW\SURWHFWLRQJRDOV Outfall.$SRLQWVRXUFHDWWKHSRLQWZKHUHD06GLVFKDUJHVWRZDWHUVRIWKH8QLWHG6WDWHVDQGGRHVQRW LQFOXGHRSHQFRQYH\DQFHVFRQQHFWLQJWZRPXQLFLSDOVHSDUDWHVWRUPVHZHUVRUSLSHVWXQQHOVRURWKHU FRQYH\DQFHVZKLFKFRQQHFWVHJPHQWVRIWKHVDPHVWUHDPRURWKHUZDWHUVRIWKH8QLWHG6WDWHVDQGDUHXVHGWR FRQYH\ZDWHUVRIWKH8QLWHG6WDWHV Owner.7KHOHJDORUEHQHILFLDORZQHURIODQGLQFOXGLQJEXWQRWOLPLWHGWRDPRUWJDJHHRUYHQGHHLQ SRVVHVVLRQUHFHLYHUH[HFXWRUWUXVWHHRUORQJWHUPRUFRPPHUFLDOOHVVHHRUDQ\RWKHUSHUVRQRUHQWLW\ KROGLQJSURSULHWDU\ULJKWVLQWKHSURSHUW\RUKDYLQJOHJDOSRZHURIPDQDJHPHQWDQGFRQWURORIWKHSURSHUW\ ³2ZQHU´VKDOOLQFOXGHORQJWHUPFRPPHUFLDOWHQDQWVPDQDJHPHQWHQWLWLHVVXFKDVWKRVHFKDUJHGZLWKRU HQJDJHGLQWKHPDQDJHPHQWRISURSHUWLHVIRUSURILWDQGHYHU\SHUVRQRUHQWLW\KDYLQJMRLQWRZQHUVKLSRIWKH SURSHUW\$VHFXUHGOHQGHUQRWLQSRVVHVVLRQRIWKHSURSHUW\GRHVQRWFRQVWLWXWHDQRZQHUXQOHVVWKHVHFXUHG OHQGHULVLQFOXGHGZLWKLQWKHPHDQLQJRI³RZQHU´XQGHUDQRWKHUGHVFULSWLRQLQWKLVGHILQLWLRQVXFKDVD PDQDJHPHQWHQWLW\ 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU&$UWLFOH,9 Performance Bond.$JXDUDQWHHDJDLQVWORVVRUGDPDJHIURPRQH¶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¶VIXOOLQWHQWWRSHUIRUP (7KH3HUIRUPDQFH6XUHW\VKDOOVWDWHWKHVXUHW\VKDOOVWD\LQIXOOIRUFHDQGHIIHFWXQWLOREOLJHHQRWLILHV SULQFLSDOWKDWDOOREOLJDWLRQVVWDWHGZLWKLQWKH3HUIRUPDQFH6XUHW\KDYHEHHQVDWLVILHGLQWKHLU HQWLUHW\ Performance Surety.$JXDUDQWHHDJDLQVWORVVRUGDPDJHIURPRQH¶VIDLOXUHWRSHUIRUPDQGDSK\VLFDORU ILQDQFLDOJXDUDQWHHIRUWKHIXOILOOPHQWRIDQREOLJDWLRQ3HUIRUPDQFH6XUHWLHVPD\EHLQWKHIRUPRI6WDQGE\ /HWWHUVRI&UHGLW3HUIRUPDQFH%RQGVDQG&DVK Person$Q\LQGLYLGXDOSDUWQHUVKLSFRSDUWQHUVKLSILUPFRPSDQ\FRUSRUDWLRQDVVRFLDWLRQMRLQWVWRFN FRPSDQ\WUXVWHVWDWHJRYHUQPHQWDOHQWLW\RUWKHLUOHJDOUHSUHVHQWDWLYHDJHQWVRUDVVLJQV Pollutant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reliminary Plat.7KHILQDOPDSRIDOORUDSRUWLRQRIDVXEGLYLVLRQRUVLWHVKRZLQJWKHERXQGDULHVDQG ORFDWLRQRIORWVVWUHHWVHDVHPHQWVDQGDQ\RWKHUUHTXLUHPHQWVRIWKH6XEGLYLVLRQ2UGLQDQFH ZKLFKLV SUHVHQWHGIRUORFDOJRYHUQPHQWDSSURYDODQGVXEVHTXHQWUHFRUGDWLRQZLWKWKH5HJLVWHURI'HHGV Redevelopment.$Q\UHEXLOGLQJDFWLYLW\RWKHUWKDQDUHEXLOGLQJDFWLYLW\WKDWUHVXOWVLQQRQHWLQFUHDVHLQ EXLOWXSRQDUHDDQGSURYLGHVHTXDORUJUHDWHUVWRUPZDWHUFRQWUROWKDQWKHSUHYLRXVGHYHORSPHQW Refuse6ROLGZDVWHLQFOXGLQJEXWQRWOLPLWHGWRJDUEDJHUXEELVKDQGDVKHV Riparian bufferRUstream buffer$QDUHDRIQDWLYHRUQRQQDWLYHZRRG\YHJHWDWLRQDGMDFHQWWRDVWUHDPRU RWKHUQDWXUDOFRQYH\DQFHRIZDWHURUVWRUPZDWHU Soil erosion and sedimentation plan.7KHJUDSKLFSODQLQFOXGLQJQDUUDWLYHZKHUHDSSURSULDWHUHTXLUHGE\ WKHGHYHORSPHQWRUGLQDQFHDVDSUHUHTXLVLWHIRUDJUDGLQJSHUPLWWKHSXUSRVHRIZKLFKLVWRH[SODLQH[LVWLQJ FRQGLWLRQVDQGSURSRVHGJUDGLQJRIODQGLQFOXGLQJDQ\GHYHORSPHQWDQGWRGHVFULEHWKHDFWLYLWLHVDQG PHDVXUHVWREHXQGHUWDNHQWRFRQWURODFFHOHUDWHGVRLOHURVLRQDQGVHGLPHQWDWLRQ Standby Letter of Credit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tormwater$Q\VXUIDFHIORZUXQRIIRUGUDLQDJHFRQVLVWLQJHQWLUHO\RIZDWHUIURPDQ\IRUPRIQDWXUDO SUHFLSLWDWLRQDQGUHVXOWLQJIURPVXFKSUHFLSLWDWLRQ Stormwater Administrator$QRIILFLDORURWKHUSHUVRQGHVLJQDWHGE\WKH7RZQWREHUHVSRQVLEOHIRUWKH DGPLQLVWUDWLRQDQGHQIRUFHPHQWRI$UWLFOH,9RIWKH8QLILHG'HYHORSPHQW2UGLQDQFHV Stormwater Review Committee$VWDIIOHYHOUHYLHZDQGDGYLVRU\FRPPLWWHHDSSRLQWHGE\WKH6WRUPZDWHU $GPLQLVWUDWRUIRUFRQVXOWDWLRQUHJDUGLQJGHVLJQSODQUHYLHZHQIRUFHPHQWRSWLRQVDQGRWKHUPDWWHUVUHODWHG WRDGPLQLVWUDWLRQDQGHQIRUFHPHQWRI$UWLFOH,9RIWKH8QLILHG'HYHORSPHQW2UGLQDQFHV Structural BMP$SK\VLFDOGHYLFHGHVLJQHGWRWUDSVHWWOHRXWRUILOWHUSROOXWDQWVIURPVWRUPZDWHUUXQRII WRDOWHURUUHGXFHVWRUPZDWHUUXQRIIYHORFLW\DPRXQWWLPLQJRURWKHUFKDUDFWHULVWLFVWRDSSUR[LPDWHWKH SUHGHYHORSPHQWK\GURORJ\RQDGHYHORSHGVLWHRUWRDFKLHYHDQ\FRPELQDWLRQRIWKHVHJRDOV6WUXFWXUDO %03LQFOXGHVSK\VLFDOSUDFWLFHVVXFKDVFRQVWUXFWHGZHWODQGVYHJHWDWLYHSUDFWLFHVILOWHUVWULSVJUDVVHG VZDOHVDQGRWKHUPHWKRGVLQVWDOOHGRUFUHDWHGRQUHDOSURSHUW\³6WUXFWXUDO%03´LVV\QRQ\PRXVZLWK ³VWUXFWXUDOSUDFWLFH´³VWRUPZDWHUFRQWUROIDFLOLW\´³VWRUPZDWHUFRQWUROSUDFWLFH´³VWRUPZDWHUWUHDWPHQW SUDFWLFH´ ³VWRUPZDWHU PDQDJHPHQW SUDFWLFH´ ³VWRUPZDWHU FRQWURO PHDVXUHV´ ³VWRUPZDWHUWUHDWPHQW V\VWHPV´DQGVLPLODUWHUPVXVHGLQWKLVRUGLQDQFH Substantial progress.)RUWKHSXUSRVHVRIGHWHUPLQLQJZKHWKHUVXIILFLHQWSURJUHVVKDVEHHQPDGHRQDQ DSSURYHGSODQRQHRUPRUHRIWKHIROORZLQJFRQVWUXFWLRQDFWLYLWLHVWRZDUGWKHFRPSOHWLRQRIDVLWHRU VXEGLYLVLRQSODQVKDOORFFXUREWDLQLQJDJUDGLQJSHUPLWDQGFRQGXFWLQJJUDGLQJDFWLYLW\RQDFRQWLQXRXV EDVLVDQGQRWGLVFRQWLQXHGIRUPRUHWKDQWKLUW\GD\VRULQVWDOODWLRQDQGDSSURYDORIRQVLWHLQIUDVWUXFWXUH 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU&$UWLFOH,9 RUREWDLQLQJDEXLOGLQJSHUPLWIRUWKHFRQVWUXFWLRQDQGDSSURYDORIDEXLOGLQJIRXQGDWLRQ³6XEVWDQWLDO SURJUHVV´IRUSXUSRVHVRIGHWHUPLQLQJZKHWKHUDQDSSURYHGSODQLVQXOODQGYRLGLVQRWQHFHVVDULO\WKHVDPH DV³VXEVWDQWLDOH[SHQGLWXUHV´XVHGIRUGHWHUPLQLQJYHVWHGULJKWVSXUVXDQWWRDSSOLFDEOHODZ Substantial redevelopment$QLQFUHDVHRUFKDQJHLQLPSHUYLRXVDUHDWKDWLPSDFWVWKH06 Town Manager7KH7RZQ0DQDJHUDVDSSRLQWHGE\WKH%RDUGRI$OGHUPHQRIWKH7RZQRI.HUQHUVYLOOH RUKLVGHVLJQHH Watershed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¶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³VKDOO´³PXVW´DQG³ZLOO´DUHPDQGDWRU\LQQDWXUHHVWDEOLVKLQJDQREOLJDWLRQ RU GXW\ WR FRPSO\ ZLWK WKH SDUWLFXODU SURYLVLRQ 7KH ZRUGV ³PD\´ DQG ³VKRXOG´ DUH SHUPLVVLYHLQQDWXUH &RQMXQFWLRQV 8QOHVV WKH FRQWH[W FOHDUO\ LQGLFDWHV WKH FRQWUDU\ FRQMXQFWLRQV VKDOO EH LQWHUSUHWHG DV IROORZV7KHZRUG³DQG´LQGLFDWHVWKDWDOOFRQQHFWHGLWHPVFRQGLWLRQVSURYLVLRQVRUHYHQWV DSSO\ 7KH ZRUG ³RU´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¶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¶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³DVEXLOW´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¶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x 8QQHFHVVDU\KDUGVKLSVZRXOGUHVXOWIURPVWULFWDSSOLFDWLRQRIWKLVRUGLQDQFH x 7KHKDUGVKLSVUHVXOWIURPFRQGLWLRQVWKDWDUHSHFXOLDUWRWKHSURSHUW\VXFKDVWKHORFDWLRQVL]HRU WRSRJUDSK\RIWKHSURSHUW\ x 7KHKDUGVKLSVGLGQRWUHVXOWIURPDFWLRQVWDNHQE\WKHSHWLWLRQHU x 7KHUHTXHVWHGYDULDQFHLVFRQVLVWHQWZLWKWKHVSLULWSXUSRVHDQGLQWHQWRIWKLVRUGLQDQFHZLOOVHFXUH SXEOLFVDIHW\DQGZHOIDUHDQGZLOOSUHVHUYHVXEVWDQWLDOMXVWLFH x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s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¶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¶DQG2WKHU$VVRFLDWLRQV )RUDOOVWUXFWXUDO%03VUHTXLUHGSXUVXDQWWRWKLVRUGLQDQFHDQGWKDWDUHWREHRUDUHRZQHGDQG PDLQWDLQHGE\D KRPHRZQHUV¶DVVRFLDWLRQSURSHUW\RZQHUV¶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¶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¶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±(19,5210(17$/25',1$1&( $57,&/(9±5,3$5,$1%8))(53527(&7,2125',1$1&()25 /$1'6:,7+,17+(-25'$1:$7(56+(' 7$%/(2)&217(176 $XWKRULW\ 3XUSRVHDQG,QWHQW 7LWOH -XULVGLFWLRQ $SSOLFDELOLW\ 5HODWLRQWR2WKHU2UGLQDQFHV 5LSDULDQ$UHD3URWHFWLRQZLWKLQWKH-RUGDQ5HVHUYRLU:DWHUVKHG $ %XIIHUV3URWHFWHG % ([HPSWLRQ%DVHGRQ2Q±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own of Kernersville Riparian Buffer Protection Ordinance for Lands within the Jordan Watershed -85,6',&7,21 7KLV2UGLQDQFHVKDOOEHDSSOLHGWRDOOODQGLQWKHSODQQLQJMXULVGLFWLRQRI7RZQRI.HUQHUVYLOOHWKDWLVORFDWHG ZLWKLQWKH-RUGDQ5HVHUYRLU:DWHUVKHG $33/,&$%,/,7< 7KLV2UGLQDQFHDSSOLHVWRDOOODQGRZQHUVDQGRWKHUSHUVRQVFRQGXFWLQJDFWLYLWLHVLQWKHDUHDGHVFULEHGLQ 6HFWLRQZLWKWKHH[FHSWLRQRIDFWLYLWLHVFRQGXFWHGXQGHUWKHDXWKRULW\RIWKH6WDWHWKH8QLWHG6WDWHV PXOWLSOHMXULVGLFWLRQVRUORFDOXQLWVRIJRYHUQPHQWDQGIRUHVWKDUYHVWLQJDQGDJULFXOWXUDODFWLYLWLHV7KH1& 'LYLVLRQRI:DWHU4XDOLW\VKDOODGPLQLVWHUWKHUHTXLUHPHQWVRI5XOH$1&$&%DQG-RUGDQ :DWHU6XSSO\1XWULHQW6WUDWHJ\3URWHFWLRQRI([LVWLQJ5LSDULDQ%XIIHUVDQG0LWLJDWLRQRI([LVWLQJ5LSDULDQ %XIIHUVUHVSHFWLYHO\IRUWKHVHDFWLYLWLHV 5(/$7,217227+(525',1$1&(6 7KHUHTXLUHPHQWVRIWKLV2UGLQDQFHVKDOOVXSHUVHGHDOOORFDOO\LPSOHPHQWHGEXIIHUUHTXLUHPHQWVVWDWHGLQ 5XOHV$1&$&%WKURXJKDVDSSOLHGWR:6,,:6,,,DQG:6,9ZDWHUVLQWKH-RUGDQ ZDWHUVKHG,IWKHSURYLVLRQVRIWKLVRUGLQDQFHRWKHUZLVHFRQIOLFWZLWKWKHSURYLVLRQVRIDQ\RWKHUYDOLGO\ HQIRUFHDEOHRUGLQDQFHVRUODZVWKHPRVWVWULQJHQWSURYLVLRQVVKDOOFRQWURO7KLV2UGLQDQFHLVQRWLQWHQGHG WRLQWHUIHUHZLWKDEURJDWHRUDQQXODQ\RWKHURUGLQDQFHUXOHUHJXODWLRQRURWKHUSURYLVLRQRIODZ 5,3$5,$1$5($3527(&7,21:,7+,17+(-25'$15(6(592,5:$7(56+(' $ %XIIHUV3URWHFWHG 7KHIROORZLQJPLQLPXPFULWHULDVKDOOEHXVHGIRULGHQWLI\LQJUHJXODWHGEXIIHUV 7KLV2UGLQDQFHVKDOODSSO\WRDFWLYLWLHVFRQGXFWHGZLWKLQRURXWVLGHRIZLWKK\GURORJLF LPSDFWVLQYLRODWLRQRIWKHGLIIXVHIORZUHTXLUHPHQWVVHWRXWLQ6HFWLRQ(XSRQIRRW ZLGH ULSDULDQ EXIIHUV GLUHFWO\ DGMDFHQW WR VXUIDFH ZDWHUV LQ WKH -RUGDQ ZDWHUVKHG LQWHUPLWWHQWVWUHDPVSHUHQQLDOVWUHDPVODNHVUHVHUYRLUVDQGSRQGVH[FOXGLQJZHWODQGV 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU&$UWLFOH9 03/03/2015 :HWODQGVDGMDFHQWWRVXUIDFHZDWHUVRUZLWKLQIHHWRIVXUIDFHZDWHUVVKDOOEHFRQVLGHUHG DVSDUWRIWKHULSDULDQEXIIHUEXWDUHUHJXODWHGSXUVXDQWWR5XOHV$1&$&%DQG 5XOHV$1&$&+$1&$&+DQG6HFWLRQVDQGRI WKH)HGHUDO:DWHU3ROOXWLRQ&RQWURO$FW )RUWKHSXUSRVHRIWKLV2UGLQDQFHRQO\RQHRIWKHIROORZLQJW\SHVRIPDSVVKDOOEHXVHG IRUSXUSRVHVRILGHQWLI\LQJDZDWHUERG\VXEMHFWWRWKHUHTXLUHPHQWVRIWKLVRUGLQDQFH D 7KHPRVWUHFHQWYHUVLRQRIWKHVRLOVXUYH\PDSSUHSDUHGE\WKH1DWXUDO5HVRXUFHV &RQVHUYDWLRQ6HUYLFHRIWKH8QLWHG6WDWHV'HSDUWPHQWRI$JULFXOWXUH E 7KH PRVW UHFHQW YHUVLRQ RI WKH VFDOH PLQXWH TXDGUDQJOH WRSRJUDSKLFPDSVSUHSDUHGE\WKH8QLWHG6WDWHV*HRORJLF6XUYH\86*6 F $PDSDSSURYHGE\WKH*HRJUDSKLF,QIRUPDWLRQ&RRUGLQDWLQJ&RXQFLODQGE\WKH 1&(QYLURQPHQWDO0DQDJHPHQW&RPPLVVLRQ3ULRUWRDSSURYLQJDPDSXQGHU WKLV,WHPWKH&RPPLVVLRQVKDOOSURYLGHDGD\SXEOLFQRWLFHDQGRSSRUWXQLW\ IRUFRPPHQW$OWHUQDWLYHPDSVDSSURYHGE\WKH&RPPLVVLRQVKDOOQRWEHXVHG IRUEXIIHUGHOLQHDWLRQRQSURMHFWVWKDWDUHH[LVWLQJDQGRQJRLQJZLWKLQWKHPHDQLQJ RI6HFWLRQ&RIWKLV2UGLQDQFH :KHUHWKHVSHFLILFRULJLQDWLRQSRLQWRIDVWUHDPUHJXODWHGXQGHUWKLV,WHPLVLQTXHVWLRQ XSRQUHTXHVWRIWKH1&'LYLVLRQRI:DWHU4XDOLW\RUDQRWKHUSDUW\ WKH 7RZQ RI .HUQHUVYLOOHVKDOOPDNHDQRQVLWHGHWHUPLQDWLRQ$7RZQRI.HUQHUVYLOOHUHSUHVHQWDWLYH ZKRKDVVXFFHVVIXOO\FRPSOHWHGWKH'LYLVLRQ¶VSurface Water Identification Training Certification FRXUVHLWVVXFFHVVRURURWKHUHTXLYDOHQWWUDLQLQJFXUULFXOXPDSSURYHGE\WKH 'LYLVLRQVKDOOHVWDEOLVKWKDWSRLQWXVLQJWKHODWHVWYHUVLRQRIWKH'LYLVLRQSXEOLFDWLRQ Identification Methods for the Origins of Intermittent and Perennial Streams, DYDLODEOHDW KWWSKRHQUVWDWHQFXVQFZHWODQGVGRFXPHQWV 1&B6WUHDPB,'B0DQXDOSGIRUIURPWKH1&'LYLVLRQRI:DWHU4XDOLW\2YHUVLJKW ([SUHVV3HUPLWWLQJ8QLWRULWVVXFFHVVRU7KH7RZQRI.HUQHUVYLOOHPD\DFFHSWWKHUHVXOWV RIDVLWHDVVHVVPHQWPDGHE\DQRWKHUSDUW\ZKRPHHWVWKHVHFULWHULD$Q\GLVSXWHVRYHURQ VLWHGHWHUPLQDWLRQVPDGHDFFRUGLQJWRWKLV,WHPVKDOOEHUHIHUUHGWRWKH'LUHFWRURIWKH 'LYLVLRQRI:DWHU4XDOLW\FRWKH2YHUVLJKW([SUHVV3HUPLWWLQJ8QLWRULWVVXFFHVVRU LQZULWLQJ7KH'LUHFWRU¶VGHWHUPLQDWLRQLVVXEMHFWWRUHYLHZDVSURYLGHGLQ$UWLFOHVDQG RI*6% 5LSDULDQEXIIHUVSURWHFWHGE\WKLV2UGLQDQFHVKDOOEHPHDVXUHGSXUVXDQWWR6HFWLRQ' RIWKLV2UGLQDQFH 3DUWLHVVXEMHFWWRWKLV2UGLQDQFHVKDOODELGHE\DOO6WDWHUXOHVDQGODZVUHJDUGLQJZDWHUVRI WKHVWDWHLQFOXGLQJEXWQRWOLPLWHGWR5XOHV$1&$&%DQG5XOHV$ 1&$&+$1&$&+DQG6HFWLRQVDQGRIWKH)HGHUDO:DWHU 3ROOXWLRQ&RQWURO$FW 1RQHZFOHDULQJJUDGLQJRUGHYHORSPHQWVKDOOWDNHSODFHQRUVKDOODQ\QHZEXLOGLQJ SHUPLWVEHLVVXHGLQYLRODWLRQRIWKLV2UGLQDQFH % ([HPSWLRQ%DVHGRQ2Q±VLWH'HWHUPLQDWLRQ :KHQDODQGRZQHURURWKHUDIIHFWHGSDUW\LQFOXGLQJWKH'LYLVLRQEHOLHYHVWKDWWKH PDSVKDYH LQDFFXUDWHO\GHSLFWHGVXUIDFHZDWHUVKHRUVKHVKDOOFRQVXOWWKH7RZQRI.HUQHUVYLOOH8SRQ UHTXHVWD7RZQRI.HUQHUVYLOOHUHSUHVHQWDWLYHZKRKDVVXFFHVVIXOO\FRPSOHWHGWKH'LYLVLRQRI :DWHU4XDOLW\¶VSurface Water Identification Training Certification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o qualify for the designation indicated in the column header, an activity must adhere to the limitations defined for it in a given listing as well as the requirements established in Section 8. (C) of this Ordinance. ([HPSW $OORZDEOH $OORZDEOHZLWK 0LWLJDWLRQ $FFHVV WUDLOV 3 HGHVWULDQ DFFHVV WUDLOV OHDGLQJ WR WKH VXUIDFH ZDWHU GRFNVILVKLQJSLHUVERDWUDPSVDQGRWKHUZDWHUGHSHQGHQWDFWLYLWLHV x 3HGHVWULDQ DFFHVV WUDLOV WKDW DUH UHVWULFWHG WR WKH PLQLPXP ZLGWK SUDFWLFDEOHDQGGRQRWH[FHHGIHHWLQZLGWKRIEXIIHUGLVWXUEDQFH DQGSURYLGHGWKDWLQVWDOODWLRQDQGXVHGRHVQRWUHVXOWLQUHPRYDORI WUHHVDVGHILQHGLQWKLV2UGLQDQFHDQGQRLPSHUYLRXVVXUIDFHLVDGGHG WRWKHULSDULDQEXIIHU x 3HGHVWULDQ DFFHVV WUDLOV WKDW H[FHHG IHHW LQ ZLGWK RI EXIIHU GLVWXUEDQFH WKH LQVWDOODWLRQ RU XVH UHVXOWV LQ UHPRYDO RI WUHHV DV GHILQHG LQ WKLV 2UGLQDQFH RU LPSHUYLRXV VXUIDFH LV DGGHG WR WKH ULSDULDQEXIIHU ; ; $LUSRUWIDFLOLWLHV x $LUSRUWIDFLOLWLHVWKDWLPSDFWHTXDOWRRUOHVVWKDQOLQHDUIHHWRU RQHWKLUGRIDQDFUHRIULSDULDQEXIIHU x $LUSRUWIDFLOLWLHVWKDWLPSDFWJUHDWHUWKDQOLQHDUIHHWRURQHWKLUG RIDQDFUHRIULSDULDQEXIIHU x $FWLYLWLHVQHFHVVDU\WRFRPSO\ZLWK)$$UHTXLUHPHQWVHJUDGDU XVHVRUODQGLQJVWULSV ; ; ; $UFKDHRORJLFDODFWLYLWLHV; %ULGJHV ; &DQRH$FFHVV SURYLGHG WKDW LQVWDOODWLRQ DQG XVH GRHV QRW UHVXOWLQ UHPRYDORIWUHHVDVGHILQHGLQWKLV2UGLQDQFHDQGQRLPSHUYLRXVVXUIDFH LVDGGHGWRWKHEXIIHU ; 'DPPDLQWHQDQFHDFWLYLWLHV x 'DP PDLQWHQDQFH DFWLYLWLHV WKDW GR QRW FDXVH DGGLWLRQDO EXIIHU GLVWXUEDQFHEH\RQGWKHIRRWSULQWRIWKHH[LVWLQJGDPRUWKRVHFRYHUHG XQGHUWKH86$UP\&RUSVRI(QJLQHHUV1DWLRQZLGH3HUPLW1R x 'DP PDLQWHQDQFH DFWLYLWLHV WKDW GR FDXVH DGGLWLRQDO EXIIHU GLVWXUEDQFHEH\RQGWKHIRRWSULQWRIWKHH[LVWLQJGDPRUWKRVHQRW ; ; 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU&$UWLFOH9 03/03/2015 FRYHUHGXQGHUWKH86$UP\&RUSVRI(QJLQHHUV1DWLRQZLGH3HUPLW 1R 'UDLQDJHGLWFKHVURDGVLGHGLWFKHVDQGVWRUPZDWHUFRQYH\DQFHVWKURXJK ULSDULDQEXIIHUV x 1HZVWRUPZDWHUIORZVWRH[LVWLQJGUDLQDJHGLWFKHVURDGVLGHGLWFKHV DQGVWRUPZDWHUFRQYH\DQFHVSURYLGHGIORZVGRQRWDOWHURUUHVXOWLQ WKHQHHGWRDOWHUWKHFRQYH\DQFHDQGDUHPDQDJHGWRPLQLPL]HWKH VHGLPHQWQXWULHQWVDQGRWKHUSROOXWLRQWKDWFRQYH\WRZDWHUERGLHV x 5HDOLJQPHQW RI H[LVWLQJ URDGVLGH GUDLQDJH GLWFKHV UHWDLQLQJ WKH GHVLJQGLPHQVLRQVSURYLGHGWKDWQRDGGLWLRQDOWUDYHOODQHVDUHDGGHG DQGWKHPLQLPXPUHTXLUHGURDGZD\W\SLFDOVHFWLRQLVXVHGEDVHGRQ WUDIILFDQGVDIHW\FRQVLGHUDWLRQV x 1HZRUDOWHUHGGUDLQDJHGLWFKHVURDGVLGHGLWFKHVDQGVWRUPZDWHU RXWIDOOVSURYLGHGWKDWDVWRUPZDWHUPDQDJHPHQWIDFLOLW\LVLQVWDOOHG WR FRQWURO QXWULHQWV DQG DWWHQXDWH IORZ EHIRUH WKH FRQYH\DQFH GLVFKDUJHVWKURXJKWKHULSDULDQEXIIHU x 1HZGUDLQDJHGLWFKHVURDGVLGHGLWFKHVDQGVWRUPZDWHUFRQYH\DQFHV DSSOLFDEOH WR OLQHDU SURMHFWV WKDW GRQ RW SURYLGH D VWRUPZDWHU PDQDJHPHQW IDFLOLW\ GXH WR WRSRJUDSK\ FRQVWUDLQWV SURYLGHG WKDW RWKHUSUDFWLFDEOH%03VDUHHPSOR\HG ; ; ; ; 'UDLQDJHRIDSRQGLQDQDWXUDOGUDLQDJHZD\SURYLGHGWKDWDQHZ ULSDULDQEXIIHUWKDWPHHWVWKHUHTXLUHPHQWVRI,WHPVDQGRIWKLV UXOHLVHVWDEOLVKHGDGMDFHQWWRWKHQHZFKDQQHO ; 'ULYHZD\FURVVLQJVRIVWUHDPVDQGRWKHUVXUIDFHZDWHUVVXEMHFWWRWKLV 2UGLQDQFH x 'ULYHZD\FURVVLQJVRQVLQJOHIDPLO\UHVLGHQWLDOORWVWKDWGLVWXUEHTXDO WRRUOHVVWKDQOLQHDUIHHWRUVTXDUHIHHWRIULSDULDQEXIIHU x 'ULYHZD\ FURVVLQJV RQ VLQJOH IDPLO\ UHVLGHQWLDO ORWV WKDW GLVWXUE JUHDWHUWKDQOLQHDUIHHWRUVTXDUHIHHWRIULSDULDQEXIIHU x ,QDVXEGLYLVLRQWKDWFXPXODWLYHO\GLVWXUEHTXDOWRRUOHVVWKDQ OLQHDUIHHWRURQHWKLUGRIDQDFUHRIULSDULDQEXIIHU x ,QDVXEGLYLVLRQWKDWFXPXODWLYHO\GLVWXUEJUHDWHUWKDQOLQHDUIHHW RURQHWKLUGRIDQDFUHRIULSDULDQEXIIHU ; ; ; ; 'ULYHZD\LPSDFWVRWKHUWKDQFURVVLQJRIDVWUHDPRURWKHUVXUIDFHZDWHUV VXEMHFWWRWKLV2UGLQDQFH ; )HQFHV x )HQFHVSURYLGHGWKDWGLVWXUEDQFHLVPLQLPL]HGDQGLQVWDOODWLRQGRHV QRWUHVXOWLQUHPRYDORIWUHHVDVGHILQHGLQWKLV2UGLQDQFH x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x 0LQLQJDFWLYLWLHVWKDWDUHFRYHUHGE\WKH0LQLQJ$FWSURYLGHGWKDW QHZULSDULDQEXIIHUVWKDWPHHWWKHUHTXLUHPHQWVRI6HFWLRQV'DQG ( RI WKLV 2UGLQDQFH DUH HVWDEOLVKHG DGMDFHQW WR WKH UHORFDWHG FKDQQHOV x 0LQLQJDFWLYLWLHVWKDWDUHQRWFRYHUHGE\WKH0LQLQJ$FW25ZKHUH QHZULSDULDQEXIIHUVWKDWPHHWWKHUHTXLUHPHQWVRI6HFWLRQV'DQG (RIWKLV2UGLQDQFHDUHQRWHVWDEOLVKHGDGMDFHQWWRWKHUHORFDWHG FKDQQHOV x :DVWHZDWHU RU PLQLQJ GHZDWHULQJ ZHOOV ZLWK DSSURYHG 13'(6 SHUPLW ; ; ; 3LSLQJRIDVWUHDPDOORZHGXQGHUDSHUPLWLVVXHGE\WKH8QLWHG6WDWHV $UP\&RUSRI(QJLQHHUV ; 3OD\JURXQGHTXLSPHQW x 3OD\JURXQGHTXLSPHQWRQVLQJOHIDPLO\ORWVSURYLGHGWKDWLQVWDOODWLRQ DQGXVHGRHVQRWUHVXOWLQUHPRYDORIYHJHWDWLRQ x 3OD\JURXQGHTXLSPHQWLQVWDOOHGRQODQGVRWKHUWKDQVLQJOHIDPLO\ORWV RUWKDWUHTXLUHVUHPRYDORIYHJHWDWLRQ ; ; 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU&$UWLFOH9 03/03/2015 3RQGV FUHDWHG E\ LPSRXQGLQJ VWUHDPV DQG QRW XVHG DV VWRUPZDWHU %03V x 1HZSRQGVSURYLGHGWKDWDULSDULDQEXIIHUWKDWPHHWVWKHUHTXLUHPHQWV RI6HFWLRQV'DQG(RIWKLV2UGLQDQFHLVHVWDEOLVKHGDGMDFHQW WRWKHSRQG x 1HZSRQGVZKHUHDULSDULDQEXIIHUWKDWPHHWVWKHUHTXLUHPHQWVRI 6HFWLRQV ' DQG ( RI WKLV 2UGLQDQFH LV 127 HVWDEOLVKHG DGMDFHQWWRWKHSRQG ; ; 3URWHFWLRQRIH[LVWLQJVWUXFWXUHVIDFLOLWLHVDQGVWUHDPEDQNVZKHQWKLV UHTXLUHV DGGLWLRQDO GLVWXUEDQFH RI WKH ULSDULDQ EXIIHU RU WKH VWUHDP FKDQQHO ; 5DLOURDG LPSDFWV RWKHU WKDQ FURVVLQJV RI VWUHDPV DQG RWKHU VXUIDFH ZDWHUVVXEMHFWWRWKLV2UGLQDQFH ; 5DLOURDGFURVVLQJVRIVWUHDPVDQGRWKHUVXUIDFHZDWHUVVXEMHFWWRWKLV 2UGLQDQFH x 5DLOURDGFURVVLQJVWKDWLPSDFWHTXDOWRRUOHVVWKDQOLQHDUIHHWRI ULSDULDQEXIIHU x 5DLOURDGFURVVLQJVWKDWLPSDFWJUHDWHUWKDQOLQHDUIHHWEXWHTXDOWR RUOHVVWKDQOLQHDUIHHWRURQHWKLUGRIDQDFUHRIULSDULDQEXIIHU x 5DLOURDGFURVVLQJVWKDWLPSDFWJUHDWHUWKDQOLQHDUIHHWRURQHWKLUG RIDQDFUHRIULSDULDQEXIIHU ; ; ; 5HFUHDWLRQDODQGDFFHVVRU\VWUXFWXUHVLQ=RQH7ZR x 6KHGVDQGJD]HERVLQ=RQH7ZRSURYLGHGWKH\DUHQRWSURKLELWHG XQGHUORFDOZDWHUVXSSO\RUGLQDQFH o 7RWDOIRRWSULQWOHVVWKDQRUHTXDOWRVTXDUHIHHWSHUORW o 7RWDOIRRWSULQWJUHDWHUWKDQVTXDUHIHHWSHUORW x :RRGHQVODWWHGGHFNVDQGDVVRFLDWHGVWHSVSURYLGHGWKHXVHPHHWV WKHUHTXLUHPHQWVRI6HFWLRQV'DQG(RIWKLV2UGLQDQFH o 'HFNDWOHDVWHLJKWIHHWLQKHLJKWDQGQRYHJHWDWLRQUHPRYHG IURP=RQH2QH o 'HFNOHVVWKDQHLJKWIHHWLQKHLJKWRUYHJHWDWLRQUHPRYHGIURP =RQH2QH ; ; ; ; 5HPRYDO RI SUHYLRXV ILOO RU GHEULV SURYLGHG WKDW GLIIXVH IORZ LV PDLQWDLQHGDQGYHJHWDWLRQLVUHVWRUHG; 5RDGLPSDFWVRWKHUWKDQFURVVLQJVRIVWUHDPVDQGRWKHUVXUIDFHZDWHUV VXEMHFWWRWKLV2UGLQDQFH ; 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU&$UWLFOH9 03/03/2015 5RDG FURVVLQJV RI VWUHDPV DQG RWKHU VXUIDFH ZDWHUV VXEMHFW WR WKLV 2UGLQDQFH x 5RDGFURVVLQJVWKDWLPSDFWHTXDOWRRUOHVVWKDQOLQHDUIHHWRI ULSDULDQEXIIHU x 5RDGFURVVLQJVWKDWLPSDFWJUHDWHUWKDQOLQHDUIHHWEXWHTXDOWRRU OHVVWKDQOLQHDUIHHWRURQHWKLUGRIDQDFUHRIULSDULDQEXIIHU x 5RDGFURVVLQJVWKDWLPSDFWJUHDWHUWKDQOLQHDUIHHWRURQHWKLUGRI DQDFUHRIULSDULDQEXIIHU ; ; ; 5RDGUHORFDWLRQ5HORFDWLRQRIH[LVWLQJSULYDWHDFFHVVURDGVDVVRFLDWHG ZLWKSXEOLFURDGSURMHFWVZKHUHQHFHVVDU\IRUSXEOLFVDIHW\ x /HVVWKDQRUHTXDOWRVTXDUHIHHWRIEXIIHULPSDFW x *UHDWHUWKDQVTXDUHIHHWRIEXIIHULPSDFW ; ; 6WRUPZDWHU%03V x :HWGHWHQWLRQELRUHWHQWLRQDQGFRQVWUXFWHGZHWODQGVLQ=RQH7ZRLI GLIIXVHIORZRIGLVFKDUJHLVSURYLGHGLQWR=RQH2QH x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x /HVVWKDQRUHTXDOWRVTXDUHIHHWRIEXIIHUGLVWXUEDQFH x *UHDWHUWKDQVTXDUHIHHWRIEXIIHUGLVWXUEDQFH x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x ,Q=RQH7ZRSURYLGHGJURXQGFRYHULVHVWDEOLVKHGZLWKLQWLPHIUDPHV UHTXLUHGE\WKH6HGLPHQWDWLRQDQG(URVLRQ&RQWURO$FWYHJHWDWLRQLQ =RQH2QHLVQRWFRPSURPLVHGDQGUXQRIILVUHOHDVHGDVGLIIXVHIORZ LQDFFRUGDQFHZLWK6HFWLRQ(RIWKLV2UGLQDQFH x ,Q =RQHV RQH DQG WZR WR FRQWURO LPSDFWV DVVRFLDWHG ZLWK XVHV DSSURYHGE\7RZQRI.HUQHUVYLOOHRUWKDWKDYHUHFHLYHGDYDULDQFH SURYLGHG WKDW VHGLPHQW DQG HURVLRQ FRQWURO IRU XSODQG DUHDV LV DGGUHVVHGWRWKHPD[LPXPH[WHQWSUDFWLFDORXWVLGHWKHEXIIHU x ,QVWUHDPWHPSRUDU\HURVLRQDQGVHGLPHQWFRQWUROPHDVXUHVIRU ZRUNZLWKLQDVWUHDPFKDQQHOWKDWLVDXWKRUL]HGXQGHU6HFWLRQV DQGRIWKH)HGHUDO:DWHU3ROOXWLRQ&RQWURO$FW x ,QVWUHDPWHPSRUDU\HURVLRQDQGVHGLPHQWFRQWUROPHDVXUHVIRU ZRUNZLWKLQDVWUHDPFKDQQHO ; ; ; ; 8WLOLW\HOHFWULFDHULDOSHUSHQGLFXODUFURVVLQJVRIVWUHDPVDQGRWKHU VXUIDFHZDWHUVVXEMHFWWRWKLV2UGLQDQFH x 'LVWXUEHTXDOWRRUOHVVWKDQOLQHDUIHHWRIULSDULDQEXIIHU x 'LVWXUEJUHDWHUWKDQOLQHDUIHHWRIULSDULDQEXIIHU ; ; 8WLOLW\HOHFWULFDHULDORWKHUWKDQSHUSHQGLFXODUFURVVLQJV x ,PSDFWVLQ=RQH7ZR x ,PSDFWVLQ=RQH2QH ; ; 8WLOLW\HOHFWULFXQGHUJURXQGSHUSHQGLFXODUFURVVLQJV x 'LVWXUEOHVVWKDQRUHTXDOWROLQHDUIHHWRIULSDULDQEXIIHU x 'LVWXUEJUHDWHUWKDQOLQHDUIHHWRIULSDULDQEXIIHU ; ; 8WLOLW\HOHFWULFXQGHUJURXQGRWKHUWKDQSHUSHQGLFXODUFURVVLQJV x ,PSDFWVLQ=RQH7ZR x ,PSDFWVLQ=RQH2QH ; ; 8WLOLW\ QRQHOHFWULF SHUSHQGLFXODU FURVVLQJV RI VWUHDPV DQG RWKHU VXUIDFHZDWHUVVXEMHFWWRWKLV2UGLQDQFH x 'LVWXUEHTXDOWRRUOHVVWKDQOLQHDUIHHWRIULSDULDQEXIIHUZLWKD PDLQWHQDQFHFRUULGRUHTXDOWRRUOHVVWKDQIHHWLQZLGWK x 'LVWXUEHTXDOWRRUOHVVWKDQOLQHDUIHHWRIULSDULDQEXIIHUZLWKD PDLQWHQDQFHFRUULGRUJUHDWHUWKDQIHHWLQZLGWK x 'LVWXUEJUHDWHUWKDQOLQHDUIHHWEXWHTXDOWRRUOHVVWKDQOLQHDU IHHWRIULSDULDQEXIIHUZLWKDPDLQWHQDQFHFRUULGRUHTXDOWRRUOHVV WKDQIHHWLQZLGWK ; ; ; 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU&$UWLFOH9 03/03/2015 x 'LVWXUEJUHDWHUWKDQOLQHDUIHHWEXWHTXDOWRRUOHVVWKDQOLQHDU IHHWRIULSDULDQEXIIHUZLWKDPDLQWHQDQFHFRUULGRUJUHDWHUWKDQIHHW LQZLGWK x 'LVWXUEJUHDWHUWKDQOLQHDUIHHWRIULSDULDQEXIIHU ; ; 8WLOLW\QRQHOHFWULFRWKHUWKDQSHUSHQGLFXODUFURVVLQJV x ,PSDFWVLQ=RQH7ZR x ,PSDFWVLQ=RQH2QH ; ; 9HJHWDWLRQPDQDJHPHQW x (PHUJHQF\ILUHFRQWUROPHDVXUHVSURYLGHGWKDWWRSRJUDSK\LVUHVWRUHG x 0RZLQJRUKDUYHVWLQJRISODQWSURGXFWVLQ=RQH7ZR x 3ODQWLQJYHJHWDWLRQWRHQKDQFHWKHULSDULDQEXIIHU x 3UXQLQJIRUHVWYHJHWDWLRQSURYLGHGWKDWWKHKHDOWKDQGIXQFWLRQRIWKH IRUHVWYHJHWDWLRQLVQRWFRPSURPLVHG x 5HPRYDORILQGLYLGXDOWUHHVWKDWDUHLQGDQJHURIFDXVLQJGDPDJHWR GZHOOLQJV RWKHU VWUXFWXUHV RU KXPDQ OLIH RU DUH LPPLQHQWO\ HQGDQJHULQJVWDELOLW\RIWKHVWUHDPEDQN x 5HPRYDORILQGLYLGXDOWUHHVZKLFKDUHGHDGGLVHDVHGRUGDPDJHG x 5HPRYDORISRLVRQLY\ x 5HPRYDORILQYDVLYHH[RWLFYHJHWDWLRQDVGHILQHGLQ Smith, Cherri L. 1998. Exotic Plant Guidelines. Dept. of Environment and Natural Resources. Division of Parks and Recreation. Raleigh, NC. Guideline #30 ; ; ; ; ; ; ; ; x 9HKLFXODU DFFHVV URDGV OHDGLQJ WR ZDWHUGHSHQGHQW VWUXFWXUHV DV GHILQHGLQ$1&$&%SURYLGHGWKH\GRQRWFURVVWKH VXUIDFHZDWHUDQGKDYHPLQLPXPSUDFWLFDEOHZLGWKQRWH[FHHGLQJWHQ IHHW ; x :DWHUGHSHQGHQWVWUXFWXUHVDVGHILQHGLQ$1&$&% ZKHUHLQVWDOODWLRQDQGXVHUHVXOWLQGLVWXUEDQFHWRULSDULDQEXIIHUV ; :DWHUVXSSO\UHVHUYRLUV x 1HZUHVHUYRLUVZKHUHDULSDULDQEXIIHUWKDWPHHWVWKHUHTXLUHPHQWVRI 6HFWLRQV'DQG(RIWKLV2UGLQDQFHLVHVWDEOLVKHGDGMDFHQWWR WKHUHVHUYRLU x 1HZUHVHUYRLUVZKHUHDULSDULDQEXIIHUWKDWPHHWVWKHUHTXLUHPHQWVRI 6HFWLRQV'DQG(RIWKLV2UGLQDQFHLVQRWHVWDEOLVKHGDGMDFHQW WRWKHUHVHUYRLU ; ; :DWHUZHOOV x 6LQJOHIDPLO\UHVLGHQWLDOZDWHUZHOOV ; 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU&$UWLFOH9 03/03/2015 x $OORWKHUZDWHUZHOOV; :HWODQGVWUHDPDQGEXIIHUUHVWRUDWLRQWKDWUHVXOWVLQLPSDFWVWRWKH ULSDULDQEXIIHUV x :HWODQGVWUHDPDQGEXIIHUUHVWRUDWLRQWKDWUHTXLUHV1&'LYLVLRQRI :DWHU 4XDOLW\ DSSURYDO IRU WKH XVH RI D :DWHU 4XDOLW\ &HUWLILFDWLRQ x :HWODQGVWUHDPDQGEXIIHUUHVWRUDWLRQWKDWGRHVQRWUHTXLUH'LYLVLRQ RI :DWHU 4XDOLW\ DSSURYDO IRU WKH XVH RI D :DWHU 4XDOLW\ &HUWLILFDWLRQ ; ; :LOGOLIHSDVVDJHVWUXFWXUHV ; 3URYLGHGWKDW x 1RKHDY\HTXLSPHQWLVXVHGLQ=RQH2QH x 9HJHWDWLRQLQXQGLVWXUEHGSRUWLRQVRIWKHEXIIHULVQRWFRPSURPLVHG x )HOOHGWUHHVDUHUHPRYHGE\FKDLQ x 1RSHUPDQHQWIHOOLQJRIWUHHVRFFXUVLQSURWHFWHGEXIIHUVRUVWUHDPV x 6WXPSVDUHUHPRYHGRQO\E\JULQGLQJ x $WWKHFRPSOHWLRQRIWKHSURMHFWWKHGLVWXUEHGDUHDLVVWDELOL]HGZLWKQDWLYHYHJHWDWLRQ x =RQHVRQHDQGWZRPHHWWKHUHTXLUHPHQWVRI6HFWLRQV'DQG( 3URYLGHGWKDWLQ=RQH2QHDOORIWKHIROORZLQJ%03VIRURYHUKHDGXWLOLW\OLQHVDUHXVHG,IDOORI WKHVH%03VDUHQRWXVHGWKHQWKHRYHUKHDGXWLOLW\OLQHVVKDOOUHTXLUHDQRSUDFWLFDODOWHUQDWLYH HYDOXDWLRQE\WKH7RZQRI.HUQHUVYLOOHDVGHILQHGLQ6HFWLRQ$ x $PLQLPXP]RQHRIIHHWZLGHLPPHGLDWHO\DGMDFHQWWRWKHZDWHUERG\VKDOOEHPDQDJHG VXFKWKDWRQO\YHJHWDWLRQWKDWSRVHVDKD]DUGRUKDVWKHSRWHQWLDOWRJURZWDOOHQRXJKWRLQWHUIHUH ZLWKWKHOLQHLVUHPRYHG x :RRG\YHJHWDWLRQVKDOOEHFOHDUHGE\KDQG1RODQGJUXEELQJRUJUDGLQJLVDOORZHG x 9HJHWDWLYHURRWV\VWHPVVKDOOEHOHIWLQWDFWWRPDLQWDLQWKHLQWHJULW\RIWKHVRLO6WXPSVVKDOO UHPDLQZKHUHWUHHVDUHFXW x 5LSUDSVKDOOQRWEHXVHGXQOHVVLWLVQHFHVVDU\WRVWDELOL]HDWRZHU x 1RIHUWLOL]HUVKDOOEHXVHGRWKHUWKDQDRQHWLPHDSSOLFDWLRQWRUHHVWDEOLVKYHJHWDWLRQ x &RQVWUXFWLRQDFWLYLWLHVVKDOOPLQLPL]HWKHUHPRYDORIZRRG\YHJHWDWLRQWKHH[WHQWRIWKH GLVWXUEHGDUHDDQGWKHWLPHLQZKLFKDUHDVUHPDLQLQDGLVWXUEHGVWDWH x $FWLYHPHDVXUHVVKDOOEHWDNHQDIWHUFRQVWUXFWLRQDQGGXULQJURXWLQHPDLQWHQDQFHWRHQVXUH GLIIXVHIORZRIVWRUPZDWHUWKURXJKWKHEXIIHU x ,QZHWODQGVPDWVVKDOOEHXWLOL]HGWRPLQLPL]HVRLOGLVWXUEDQFH 3URYLGHGWKDWSROHVRUDHULDOLQIUDVWUXFWXUHVKDOOQRWEHLQVWDOOHGZLWKLQIHHWRIDZDWHUERG\ XQOHVV7RZQRI.HUQHUVYLOOHFRPSOHWHVDQRSUDFWLFDODOWHUQDWLYHHYDOXDWLRQDVGHILQHGLQ6HFWLRQ $ 3URYLGHGWKDWLQ=RQH2QHDOORIWKHIROORZLQJ%03VIRUXQGHUJURXQGXWLOLW\OLQHVDUHXVHG,IDOO RIWKHVH%03VDUHQRWXVHGWKHQWKHXQGHUJURXQGXWLOLW\OLQHVKDOOUHTXLUHDQRSUDFWLFDODOWHUQDWLYH HYDOXDWLRQE\7RZQRI.HUQHUVYLOOHDVGHILQHGLQ6HFWLRQ$ x :RRG\YHJHWDWLRQVKDOOEHFOHDUHGE\KDQG1RODQGJUXEELQJRUJUDGLQJLVDOORZHG x 9HJHWDWLYHURRWV\VWHPVVKDOOEHOHIWLQWDFWWRPDLQWDLQWKHLQWHJULW\RIWKHVRLO6WXPSVVKDOO UHPDLQH[FHSWLQWKHWUHQFKZKHUHWUHHVDUHFXW 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU&$UWLFOH9 03/03/2015 x 8QGHUJURXQGFDEOHVVKDOOEHLQVWDOOHGE\YLEUDWRU\SORZRUWUHQFKLQJ x 7KHWUHQFKVKDOOEHEDFNILOOHGZLWKWKHH[FDYDWHGVRLOPDWHULDOLPPHGLDWHO\IROORZLQJFDEOH LQVWDOODWLRQ x 1RIHUWLOL]HUVKDOOEHXVHGRWKHUWKDQDRQHWLPHDSSOLFDWLRQWRUHHVWDEOLVKYHJHWDWLRQ x &RQVWUXFWLRQDFWLYLWLHVVKDOOPLQLPL]HWKHUHPRYDORIZRRG\YHJHWDWLRQWKHH[WHQWRIWKH GLVWXUEHGDUHDDQGWKHWLPHLQZKLFKDUHDVUHPDLQLQDGLVWXUEHGVWDWH x 0HDVXUHVVKDOOEHWDNHQXSRQFRPSOHWLRQRIFRQVWUXFWLRQDQGGXULQJURXWLQHPDLQWHQDQFHWR HQVXUHGLIIXVHIORZRIVWRUPZDWHUWKURXJKWKHEXIIHU x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³QRSUDFWLFDODOWHUQDWLYHV´GHWHUPLQDWLRQ WR WKH 7RZQ RI .HUQHUVYLOOH7KHDSSOLFDQWVKDOOFHUWLI\WKDWWKHSURMHFWPHHWVDOOWKHIROORZLQJFULWHULDIRU ILQGLQJ³QRSUDFWLFDODOWHUQDWLYHV´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³QRSUDFWLFDODOWHUQDWLYHV´ D 7KHQDPHDGGUHVVDQGSKRQHQXPEHURIWKHDSSOLFDQW E 7KHQDWXUHRIWKHDFWLYLW\WREHFRQGXFWHGE\WKHDSSOLFDQW 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU&$UWLFOH9 03/03/2015 F 7KHORFDWLRQRIWKHDFWLYLW\LQFOXGLQJWKHMXULVGLFWLRQ G $PDSRIVXIILFLHQWGHWDLOWRDFFXUDWHO\GHOLQHDWHWKHERXQGDULHVRIWKHODQGWREH XWLOL]HG LQ FDUU\LQJ RXW WKH DFWLYLW\ WKH ORFDWLRQ DQG GLPHQVLRQV RI DQ\ GLVWXUEDQFHLQULSDULDQEXIIHUVDVVRFLDWHGZLWKWKHDFWLYLW\DQGWKHH[WHQWRI ULSDULDQEXIIHUVRQWKHODQG H $Q H[SODQDWLRQ RI ZK\ WKLV SODQ IRU WKH DFWLYLW\ FDQQRW EH SUDFWLFDOO\ DFFRPSOLVKHG UHGXFHG RU UHFRQILJXUHG WR EHWWHU PLQLPL]H GLVWXUEDQFH WR WKH ULSDULDQEXIIHUSUHVHUYHDTXDWLFOLIHDQGKDELWDWDQGSURWHFWZDWHUTXDOLW\DQG I 3ODQVIRUDQ\EHVW PDQDJHPHQWSUDFWLFHVSURSRVHGWREHXVHGWRFRQWUROWKH LPSDFWVDVVRFLDWHGZLWKWKHDFWLYLW\ :LWKLQGD\VRIDVXEPLVVLRQWKDWDGGUHVVHV6HFWLRQ$WKH7RZQRI.HUQHUVYLOOH VKDOOUHYLHZWKHHQWLUHSURMHFWDQGPDNHDILQGLQJRIIDFWDVWRZKHWKHUWKHFULWHULDLQ 6HFWLRQ$RIWKLV6HFWLRQKDYHEHHQPHW$ILQGLQJRI³QRSUDFWLFDODOWHUQDWLYHV´ VKDOOUHVXOWLQLVVXDQFHRIDQ$XWKRUL]DWLRQ&HUWLILFDWH)DLOXUHWRDFWZLWKLQGD\VVKDOO EHFRQVWUXHGDVDILQGLQJRI³QRSUDFWLFDODOWHUQDWLYHV´DQGDQ$XWKRUL]DWLRQ&HUWLILFDWH VKDOOEHLVVXHGWRWKHDSSOLFDQWXQOHVVRQHRIWKHIROORZLQJRFFXUV D 7KHDSSOLFDQWDJUHHVLQZULWLQJWRDORQJHUSHULRG E 7KH7RZQRI.HUQHUVYLOOHGHWHUPLQHVWKDWWKHDSSOLFDQWKDVIDLOHGWRIXUQLVK UHTXHVWHGLQIRUPDWLRQQHFHVVDU\WRWKH7RZQRI.HUQHUVYLOOHGHFLVLRQ F 7KHILQDOGHFLVLRQLVWREHPDGHSXUVXDQWWRDSXEOLFKHDULQJRU G 7KHDSSOLFDQWUHIXVHVDFFHVVWRLWVUHFRUGVRUSUHPLVHVIRUWKHSXUSRVHRIJDWKHULQJ LQIRUPDWLRQQHFHVVDU\WRWKH7RZQRI.HUQHUVYLOOH¶VGHFLVLRQ 7KH7RZQRI.HUQHUVYLOOHPD\DWWDFKFRQGLWLRQVWRWKH$XWKRUL]DWLRQ&HUWLILFDWHWKDW VXSSRUWWKHSXUSRVHVSLULWDQGLQWHQWRIWKLV2UGLQDQFH $Q\DSSHDOVRIGHWHUPLQDWLRQVUHJDUGLQJ$XWKRUL]DWLRQ&HUWLILFDWHVVKDOOEHUHIHUUHGWRWKH 'LUHFWRURIWKH'LYLVLRQRI:DWHU4XDOLW\FRWKH2YHUVLJKW([SUHVV3HUPLWWLQJ8QLW RULWVVXFFHVVRU7KH'LUHFWRU¶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¶VSURSHUW\ VXFK DV LWV VL]H VKDSH RU WRSRJUDSK\ VXFK WKDW FRPSOLDQFH ZLWK 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU&$UWLFOH9 03/03/2015 SURYLVLRQV RI WKLV RUGLQDQFH ZRXOG QRW DOORZ UHDVRQDEOH XVH RIWKH SURSHUW\ LY 7KHDSSOLFDQWGLGQRWFDXVHWKHKDUGVKLSE\NQRZLQJO\RUXQNQRZLQJO\ YLRODWLQJWKLV2UGLQDQFH Y 7KHDSSOLFDQWGLGQRWSXUFKDVHWKHSURSHUW\DIWHUWKHHIIHFWLYHGDWHRI WKLV2UGLQDQFHDQGWKHQUHTXHVWDYDULDQFHDQG YL 7KHKDUGVKLSLVUDUHRUXQLTXHWRWKHDSSOLFDQW¶VSURSHUW\ YLL 7KHYDULDQFHLVLQKDUPRQ\ZLWKWKHJHQHUDOSXUSRVHDQGLQWHQWRIWKH 6WDWH¶VULSDULDQEXIIHUSURWHFWLRQUHTXLUHPHQWVDQGWKLV2UGLQDQFHDQG SUHVHUYHVLWVVSLULWDQG YLLL ,QJUDQWLQJWKHYDULDQFHWKHSXEOLFVDIHW\DQGZHOIDUHKDYHEHHQDVVXUHG ZDWHUTXDOLW\KDVEHHQSURWHFWHGDQGVXEVWDQWLDOMXVWLFHKDVEHHQGRQH 0LQRU9DULDQFHV $PLQRUYDULDQFHUHTXHVWSHUWDLQVWRDFWLYLWLHVWKDWZLOOLPSDFWRQO\=RQH7ZRRIWKH ULSDULDQEXIIHU0LQRUYDULDQFHUHTXHVWVVKDOOEHUHYLHZHGDQGDSSURYHGEDVHGRQWKH FULWHULDLQ6HFWLRQ%E\WKH7RZQRI.HUQHUVYLOOHSXUVXDQWWR*6$$UWLFOH RU*6$$UWLFOH7KH7RZQRI.HUQHUVYLOOHPD\DWWDFKFRQGLWLRQVWRWKHYDULDQFH DSSURYDO WKDW VXSSRUW WKH SXUSRVH VSLULW DQG LQWHQW RI WKH ULSDULDQ EXIIHU SURWHFWLRQ SURJUDP5HTXHVWIRUDSSHDOVWRGHFLVLRQVPDGHE\WKH7RZQRI.HUQHUVYLOOHVKDOOEHPDGH LQZULWLQJWRWKH'LUHFWRURIWKH'LYLVLRQRI:DWHU4XDOLW\FRWKH2YHUVLJKW([SUHVV 3HUPLWWLQJ8QLWRULWVVXFFHVVRU7KH'LUHFWRU¶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³DOORZDEOH ZLWK PLWLJDWLRQ´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asinwide Wetlands and Riparian Restoration Plan for the Cape Fear River Basin GHYHORSHGE\1&'LYLVLRQRI:DWHU4XDOLW\SXUVXDQW WR*6 LL 7KHSURSHUW\VKDOOFRQWDLQULSDULDQEXIIHUVQRWFXUUHQWO\SURWHFWHGE\WKH 6WDWH¶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¶VDQGWKH 7RZQRI.HUQHUVYLOOHULSDULDQEXIIHUSURWHFWLRQSURJUDP 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU&$UWLFOH9 03/03/2015 J 7KHPLWLJDWLRQDUHDVKDOOEHSODFHGXQGHUDSHUSHWXDOFRQVHUYDWLRQHDVHPHQWWKDW ZLOOSURYLGHIRUSURWHFWLRQRIWKHSURSHUW\¶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¶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µ$FFHVV7UDLOV¶PHDQVSHGHVWULDQWUDLOVFRQVWUXFWHGRISHUYLRXVRULPSHUYLRXVVXUIDFHVDQGUHODWHGVWUXFWXUHV WRDFFHVVDVXUIDFHZDWHULQFOXGLQJERDUGZDONVVWHSVUDLOVDQGVLJQDJH µ$LUSRUW )DFLOLWLHV¶ PHDQV DOO SURSHUWLHV IDFLOLWLHV EXLOGLQJV VWUXFWXUHV DQG DFWLYLWLHV WKDW VDWLVI\ RU RWKHUZLVHIDOOZLWKLQWKHVFRSHRIRQHRUPRUHRIWKHGHILQLWLRQVRUXVHVRIWKHZRUGVRUSKUDVHVµDLUQDYLJDWLRQ IDFLOLW\¶µDLUSRUW¶RUµDLUSRUWSURWHFWLRQSULYLOHJHV¶XQGHU*6WKHGHILQLWLRQRIµDHURQDXWLFDOIDFLOLWLHV¶ LQ *6 WKH SKUDVH µDLUSRUW IDFLOLWLHV¶ DV XVHG LQ *6 E WKH SKUDVH µDHURQDXWLFDO IDFLOLWLHV¶DVGHILQHGLQ*6DQG*6DQGWKHSKUDVHµDLUSRUWIDFLOLWLHVDQGLPSURYHPHQWV¶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µDLUSRUWIDFLOLWLHV¶ 6DWHOOLWHSDUNLQJIDFLOLWLHV 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU&$UWLFOH9 03/03/2015 5HWDLODQGFRPPHUFLDOGHYHORSPHQWRXWVLGHRIWKHWHUPLQDODUHDVXFKDVUHQWDOFDUIDFLOLWLHVDQG 2WKHUVHFRQGDU\GHYHORSPHQWVXFKDVKRWHOVLQGXVWULDOIDFLOLWLHVIUHHVWDQGLQJRIILFHVDQGRWKHU VLPLODUEXLOGLQJVVRORQJDVWKHVHIDFLOLWLHVDUHQRWGLUHFWO\DVVRFLDWHGZLWKWKHRSHUDWLRQRIWKH DLUSRUWDQGDUHQRWRSHUDWHGE\DXQLWRIJRYHUQPHQWRUVSHFLDOJRYHUQPHQWDOHQWLW\VXFKDVDQ DLUSRUWDXWKRULW\LQZKLFKFDVHWKH\DUHLQFOXGHGLQWKHGHILQLWLRQRIµDLUSRUWIDFLOLWLHV¶ µ&KDQQHO¶PHDQVDQDWXUDOZDWHUFDUU\LQJWURXJKFXWYHUWLFDOO\LQWRORZDUHDVRIWKHODQGVXUIDFHE\HURVLYH DFWLRQRIFRQFHQWUDWHGIORZLQJZDWHURUDGLWFKRUFDQDOH[FDYDWHGIRUWKHIORZRIZDWHU µ'%+¶PHDQVGLDPHWHUDWEUHDVWKHLJKWRIDWUHHPHDVXUHGDWIHHWDERYHJURXQGVXUIDFHOHYHO µ'HYHORSPHQW¶PHDQVWKHVDPHDVGHILQHGLQ5XOH$1&$&% µ'LWFKRUFDQDO¶PHDQVDPDQPDGHFKDQQHORWKHUWKDQDPRGLILHGQDWXUDOVWUHDPFRQVWUXFWHGIRUGUDLQDJH SXUSRVHVWKDWLVW\SLFDOO\GXJWKURXJKLQWHUVWUHDPGLYLGHDUHDV$GLWFKRUFDQDOPD\KDYHIORZVWKDWDUH SHUHQQLDOLQWHUPLWWHQWRUHSKHPHUDODQGPD\H[KLELWK\GURORJLFDODQGELRORJLFDOFKDUDFWHULVWLFVVLPLODUWR SHUHQQLDORULQWHUPLWWHQWVWUHDPV µ(SKHPHUDOVWUHDP¶PHDQVDIHDWXUHWKDWFDUULHVRQO\VWRUPZDWHULQGLUHFWUHVSRQVHWRSUHFLSLWDWLRQZLWK ZDWHUIORZLQJRQO\GXULQJDQGVKRUWO\DIWHUODUJHSUHFLSLWDWLRQHYHQWV$QHSKHPHUDOVWUHDPPD\RUPD\QRW KDYHDZHOOGHILQHGFKDQQHOWKHDTXDWLFEHGLVDOZD\VDERYHWKHZDWHUWDEOHDQGVWRUPZDWHUUXQRIILVWKH SULPDU\VRXUFHRIZDWHU$QHSKHPHUDOVWUHDPW\SLFDOO\ODFNVWKHELRORJLFDOK\GURORJLFDODQGSK\VLFDO FKDUDFWHULVWLFVFRPPRQO\DVVRFLDWHGZLWKWKHFRQWLQXRXVRULQWHUPLWWHQWFRQYH\DQFHRIZDWHU µ([LVWLQJ GHYHORSPHQW¶ PHDQV GHYHORSPHQW RWKHU WKDQ WKDW DVVRFLDWHG ZLWK DJULFXOWXUDO RU IRUHVW PDQDJHPHQWDFWLYLWLHVWKDWPHHWVRQHRIWKHIROORZLQJFULWHULD ,WHLWKHULVEXLOWRUKDVHVWDEOLVKHGDYHVWHGULJKWEDVHGRQVWDWXWRU\RUFRPPRQODZDVLQWHUSUHWHG E\WKHFRXUWVIRUSURMHFWVWKDWGRQRWUHTXLUHDVWDWHSHUPLWDVRIWKHHIIHFWLYHGDWHRIHLWKHUORFDO QHZGHYHORSPHQWVWRUPZDWHUSURJUDPVLPSOHPHQWHGXQGHU5XOH$1&$&%-RUGDQ :DWHU6XSSO\1XWULHQW6WUDWHJ\6WRUPZDWHU0DQDJHPHQWIRU1HZ'HYHORSPHQWRUIRUSURMHFWV UHTXLULQJDVWDWHSHUPLWDVRIWKHDSSOLFDEOHFRPSOLDQFHGDWHHVWDEOLVKHGLQ5XOH$1&$&% -RUGDQ:DWHU6XSSO\1XWULHQW6WUDWHJ\6WRUPZDWHU0DQDJHPHQWIRU1HZ'HYHORSPHQW ,WHPVDQGRU ,WRFFXUVDIWHUWKHFRPSOLDQFHGDWHVHWRXWLQ6XE,WHPGRI5XOH-RUGDQ:DWHU6XSSO\ 1XWULHQW6WUDWHJ\6WRUPZDWHU0DQDJHPHQWIRU1HZ'HYHORSPHQWEXWGRHVQRWUHVXOWLQDQHW LQFUHDVHLQEXLOWXSRQDUHD µ*UHHQZD\+LNLQJ7UDLOV¶PHDQVSHGHVWULDQWUDLOVFRQVWUXFWHGRISHUYLRXVRULPSHUYLRXVVXUIDFHVDQG UHODWHGVWUXFWXUHVLQFOXGLQJEXWQRWOLPLWHGWRERDUGZDONVVWHSVUDLOVDQGVLJQDJHDQGWKDWJHQHUDOO\UXQ SDUDOOHOWRWKHVKRUHOLQH µ+LJK9DOXH7UHH¶PHDQVDWUHHWKDWPHHWVRUH[FHHGVWKHIROORZLQJVWDQGDUGVIRUSLQHVSHFLHVLQFK '%+RUJUHDWHURULQFKRUJUHDWHUVWXPSGLDPHWHURUIRUKDUGZRRGVDQGZHWODQGVSHFLHVLQFK'%+ RUJUHDWHURULQFKRUJUHDWHUVWXPSGLDPHWHU µ,QWHUPLWWHQWVWUHDP¶PHDQVDZHOOGHILQHGFKDQQHOWKDWFRQWDLQVZDWHUIRURQO\SDUWRIWKH\HDUW\SLFDOO\ GXULQJ ZLQWHU DQG VSULQJ ZKHQ WKH DTXDWLF EHG LV EHORZ WKH ZDWHU WDEOH 7 KH IORZ PD\ EH KHDYLO\ VXSSOHPHQWHGE\VWRUPZDWHUUXQRII$QLQWHUPLWWHQWVWUHDPRIWHQODFNVWKHELRORJLFDODQGK\GURORJLFDO FKDUDFWHULVWLFVFRPPRQO\DVVRFLDWHGZLWKWKHFRQWLQXRXVFRQYH\DQFHRIZDWHU µ-RUGDQQXWULHQWVWUDWHJ\¶RUµ-RUGDQZDWHUVXSSO\QXWULHQWVWUDWHJ\¶PHDQVWKHVHWRI5XOHV$1&$& %WKURXJKDQGS 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU&$UWLFOH9 03/03/2015 µ-RUGDQ5HVHUYRLU¶PHDQVWKHVXUIDFHZDWHULPSRXQGPHQWRSHUDWHGE\WKH86$UP\&RUSVRI(QJLQHHUV DQGQDPHG%(YHUHWW-RUGDQ5HVHUYRLUDVIXUWKHUGHOLQHDWHGIRUSXUSRVHVRIWKH-RUGDQQXWULHQWVWUDWHJ\LQ 5XOH$1&$&% µ-RUGDQZDWHUVKHG¶PHDQVDOOODQGVDQGZDWHUVGUDLQLQJWR%(YHUHWW-RUGDQ5HVHUYRLU µ1HZ 'HYHORSPHQW¶ PHDQV DQ\ GHYHORSPHQW SURMHFW WKDW GRHV QRW PHHW WKH GHILQLWLRQ RI H[LVWLQJ GHYHORSPHQWVHWRXWLQWKLV2UGLQDQFH³3HUHQQLDOVWUHDP´PHDQVDZHOOGHILQHGFKDQQHOWKDWFRQWDLQVZDWHU \HDUURXQGGXULQJD\HDURIQRUPDOUDLQIDOOZLWKWKHDTXDWLFEHGORFDWHGEHORZWKHZDWHUWDEOHIRUPRVWRIWKH \HDU*URXQGZDWHULVWKHSULPDU\VRXUFHRIZDWHUIRUDSHUHQQLDOVWUHDPEXWLWDOVRFDUULHVVWRUPZDWHUUXQRII $SHUHQQLDOVWUHDPH[KLELWVWKHW\SLFDOELRORJLFDOK\GURORJLFDODQGSK\VLFDOFKDUDFWHULVWLFVFRPPRQO\ DVVRFLDWHGZLWKWKHFRQWLQXRXVFRQYH\DQFHRIZDWHU µ3HUHQQLDOZDWHUERG\¶PHDQVDQDWXUDORUPDQPDGHEDVLQLQFOXGLQJODNHVSRQGVDQGUHVHUYRLUVWKDW VWRUHVVXUIDFHZDWHUSHUPDQHQWO\DWGHSWKVVXIILFLHQWWRSUHFOXGHJURZWKRIURRWHGSODQWV)RUWKHSXUSRVHRI WKH6WDWH¶VULSDULDQEXIIHUSURWHFWLRQSURJUDPWKHZDWHUERG\PXVWEHSDUWRIDQDWXUDOGUDLQDJHZD\LH FRQQHFWHGE\VXUIDFHIORZWRDVWUHDP µ6KRUHOLQHVWDELOL]DWLRQ¶LVWKHLQSODFHVWDELOL]DWLRQRIDQHURGLQJVKRUHOLQH6WDELOL]DWLRQWHFKQLTXHVZKLFK LQFOXGH³VRIW´PHWKRGVRUQDWXUDOPDWHULDOVVXFKDVURRWZDGVRUURFNYDQHVPD\EHFRQVLGHUHGDVSDUWRI DUHVWRUDWLRQGHVLJQ+RZHYHUVWDELOL]DWLRQWHFKQLTXHVWKDWFRQVLVWSULPDULO\RI³KDUG´HQJLQHHULQJVXFKDV FRQFUHWHOLQHGFKDQQHOVULSUDSRUJDELRQVZKLOHSURYLGLQJEDQNVWDELOL]DWLRQVKDOOQRWEHFRQVLGHUHGVWUHDP UHVWRUDWLRQ µ6WUHDPUHVWRUDWLRQ¶LVGHILQHGDVWKHSURFHVVRIFRQYHUWLQJDQXQVWDEOHDOWHUHGR UGHJUDGHGVWUHDPFRUULGRU LQFOXGLQJ DGMDFHQW ULSDULDQ ]RQH DQG IORRGSURQH DUHDV WR LWV QDWXUDO RU UHIHUHQFHG VWDEOH FRQGLWLRQV FRQVLGHULQJUHFHQWDQGIXWXUHZDWHUVKHGFRQGLWLRQV7KLVSURFHVVDOVRLQFOXGHVUHVWRULQJWKHJHRPRUSKLF GLPHQVLRQSDWWHUQDQGSURILOHDVZHOODVELRORJLFDODQGFKHPLFDOLQWHJULW\LQFOXGLQJWUDQVSRUWRIZDWHUDQG VHGLPHQWSURGXFHGE\WKHVWUHDP¶VZDWHUVKHGLQRUGHUWRDFKLHYHG\QDPLFHTXLOLEULXPµ5HIHUHQFHG¶RU µUHIHUHQFHGUHDFK¶PHDQVDVWDEOHVWUHDPWKDWLVLQG\QDPLFHTXLOLEULXPZLWKLWVYDOOH\DQGFRQWULEXWLQJ ZDWHUVKHG$UHIHUHQFHUHDFKFDQEHXVHGWRGHYHORSQDWXUDOFKDQQHOGHVLJQFULWHULDIRUVWUHDPUHVWRUDWLRQ SURMHFWV µ6WUHDP¶PHDQVDERG\RIFRQFHQWUDWHGIORZLQJZDWHULQDQDWXUDOORZDUHDRUQDWXUDOFKDQQHORQWKHODQG VXUIDFH µ6WXPSGLDPHWHU¶PHDQVWKHGLDPHWHURIDWUHHPHDVXUHGDWVL[LQFKHVDERYHWKHJURXQGVXUIDFHOHYHO µ6XUIDFHZDWHUV¶PHDQVDOOZDWHUVRIWKHVWDWHDVGHILQHGLQ*6H[FHSWXQGHUJURXQGZDWHUV µ7UHH¶PHDQVDZRRG\SODQWZLWKD'%+HTXDOWRRUH[FHHGLQJILYHLQFKHVRUDVWXPSGLDPHWHUH[FHHGLQJ VL[LQFKHV µ7HPSRUDU\URDG¶PHDQVDURDGFRQVWUXFWHGWHPSRUDULO\IRUHTXLSPHQWDFFHVVWREXLOGRUUHSODFHK\GUDXOLF FRQYH\DQFHVWUXFWXUHVVXFKDVEULGJHVFXOYHUWVSLSHVRUZDWHUGHSHQGHQWVWUXFWXUHVRUWRPDLQWDLQSXEOLF WUDIILFGXULQJFRQVWUXFWLRQ 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU&$UWLFOH9 464 Unified Development Ordinance Chapter C – Article VI &+$37(5&±(19,5210(17$/25',1$1&( $57,&/(9,±5,3$5,$1%8))(53527(&7,2125',1$1&( )25/$1'6:,7+,17+(5$1'/(0$1/$.(:$7(56+(' 7$%/(2)&217(176 6-1.2PURPOSE AND INTENT .................................................................................................... 465 6-1.3TITLE ................................................................................................................................... 465 6-1.4JURISDICTION .................................................................................................................... 465 6-1.6RELATION TO OTHER ORDINANCES ............................................................................ 465 6-1.7RIPARIAN AREA PROTECTION WITHIN THE RANDLEMAN LAKE RESERVOIR WATERSHED ....................................................................................................................... 465 $%XIIHUV3URWHFWHG.................................................................................................................... 466 %([HPSWLRQ%DVHGRQ2Q±VLWH'HWHUPLQDWLRQ ....................................................................... 466 &([HPSWLRQZKHQ([LVWLQJ8VHVDUH3UHVHQWDQG2QJRLQJ .................................................. 467 '=RQHVRIWKH5LSDULDQ%XIIHU ................................................................................................ 467 ('LIIXVH)ORZ5HTXLUHPHQWV ................................................................................................... 468 6-1.8POTENTIAL USES AND ASSOCIATED REQUIREMENTS ............................................ 468 $$SSURYDOIRU1HZ'HYHORSPHQW ............................................................................................ 468 %7DEOHRI8VHV ........................................................................................................................... 468 &5HTXLUHPHQWVIRU&DWHJRULHVRI8VHV.................................................................................... 475 6-1.9PERMITS PROCEDURES, REQUIREMENTS, AND APPROVALS ................................. 476 $'HWHUPLQDWLRQRI1R3UDFWLFDO$OWHUQDWLYHV5HTXHVWIRU$XWKRUL]DWLRQ&HUWLILFDWH ...... 476 %9DULDQFHV ................................................................................................................................. 477 &0LWLJDWLRQ ................................................................................. 6-1.10COMPLIANCE AND ENFORCEMENT ............................................................................. 482 $6LWH,QVSHFWLRQV ....................................................................................................................... 482 %&LYLO3HQDOWLHV ......................................................................................................................... 482 &&ULPLQDO3HQDOWLHV .................................................................................................................. 483 ',QMXQFWLYH5HOLHI ..................................................................................................................... 484 6-1.11SEVERABILITY .................................................................................................................. 484 6-1.12EFFICTIVE DATE ................................................................................................................ 484 6-1.13REVISIONS TO THIS ORDINANCE .................................................................................. 484 6-1.14DEFINITIONS ...................................................................................................................... 484 465 Unified Development Ordinance Chapter C – Article VI *(1(5$/3529,6,216 $87+25,7< This Ordinance is adopted pursuant to the authority vested in the Town of Kernersville by the Session Laws and the General Statutes of North Carolina, particularly N.C Gen. Stat §153A-121, 153A-140, Chapter 153A, Article 18, N.C. Gen. Stat §160A-174, 160A-193, Chapter 160A, Article 19, and any special legislation enacted by the General Assembly for the Town of Kernersville. 385326($1',17(17 The purpose of the Town of Kernersville in adopting the following Ordinance is to protect and preserve existing riparian buffers throughout the Randleman Lake Watershed as generally described in Rule 15A NCAC 02B .0250 (Randleman Lake Water Supply Watershed: Protection and Maintenance of Existing Riparian Buffers), in order to maintain their nutrient removal and stream protection functions. Additionally, this Ordinance will help protect the water supply uses of Randleman Lake Reservoir and of designated water supplies throughout the Randleman Lake watershed. Buffers adjacent to streams provide multiple environmental protection and resource management benefits. Forested buffers enhance and protect the natural ecology of stream systems, as well as water quality through bank stabilization, shading, and nutrient removal. They also help to minimize flood damage in flood prone areas. Well-vegetated streamside riparian areas help to remove nitrogen and prevent sediment and sediment- bound pollutants such as phosphorous from reaching the streams. 7,7/( This Ordinance shall be known as the Town of Kernersville Riparian Buffer Protection Ordinance for Lands within the Randleman Lake Watershed. -85,6',&7,21 This Ordinance shall be applied to all land in the planning jurisdiction of the Town of Kernersville that is located within the Randleman Lake Reservoir Watershed. $33/,&$%,/,7< This Ordinance applies to all landowners and other persons conducting activities in the area described in Section 4, with the exception of activities conducted under the authority of the State, the United States, multiple jurisdictions, or local units of government, and forest harvesting and agricultural activities. The NC Division of Water Resources shall administer the requirements of Rule 15A NCAC 02B .0250 and .0295 (Randleman Lake Water Supply Watershed: Protection and Maintenance of Existing Riparian Buffers and Mitigation Program Requirements for Protection and Maintenance of Riparian Buffers, respectively) for these activities. 5(/$7,217227+(525',1$1&(6 The requirements of this Ordinance shall supersede all locally implemented buffer requirements stated in Rules 15A NCAC 02B .0214 through .0216 as applied to WS-II, WS-III, and WS-IV waters in the Randleman Lake watershed. If the provisions of this ordinance otherwise conflict with the provisions of any other validly enforceable ordinance(s) or laws, the most stringent provisions shall control. This Ordinance is not intended to interfere with, abrogate, or annul any other ordinance, rule, regulation, or other provision of law. The existing water supply requirement in rule .0216(3)(b) of the 15A NCAC Subchapter 02B that stipulates a 100-foot vegetated buffer, adjacent to perennial streams, for all new development activities which utilize the high density option, applies to the entire Randleman Lake watershed. The first 50 feet of these riparian areas on either side of these waters must also be protected in accordance with all the requirements of this Ordinance. 5,3$5,$1 $5($ 3527(&7,21 :,7+,1 7+( 5$1'/(0$1 /$.(5 (6(592,5 :$7(56+(' 466 Unified Development Ordinance Chapter C – Article VI $ %XIIHUV3URWHFWHG The following minimum criteria shall be used for identifying regulated buffers: 1. This Ordinance shall apply to activities conducted within 50-foot wide riparian buffers directly adjacent to surface waters in the Randleman Lake watershed (intermittent streams, perennial streams, lakes, reservoirs, ponds and specified ditches), excluding wetlands. 2. Wetlands adjacent to surface waters or within 50 feet of surface waters shall be considered as part of the riparian buffer but are regulated pursuant to Rules 15A NCAC 2B .0230 and .0231, Rules 15A NCAC 2H .0500, 15A NCAC 2H .1300, and Sections 401 and 404 of the Federal Water Pollution Control Act. 3. For the purpose of this Ordinance, surface waters shall be subject to the requirements of this Ordinance if they are approximately shown on any of the following references, or if there is other site specific evidence that indicates to the Town of Kernersville the presence of waters not shown on any of these maps: a. The most recent version of the hardcopy soil survey maps prepared by the Natural Resources Conservation Service of the United States Department of Agriculture. b. The most recent version of the United States Geologic Survey (USGS) 1:24,000 scale (7.5 minute) quadrangle topographic maps. c. A map approved by the Geographic Information Coordinating Council and by the NC Environmental Management Commission. Prior to approving a map under this Item, the Commission shall provide a 30-day public notice and opportunity for comment. d. A map developed by the local government and approved by the NC Environmental Management Commission per 15A NCAC 02B .0250(4) (c). 4. Where the specific origination point of a stream regulated under this Item is in question, upon request of the NC Division of Water Resources or another party, the Town of Kernersville shall make an on-site determination. A Town of Kernersville representative who has successfully completed the Division’s Surface Water Identification Training Certification course (SWITC), its successor, or other equivalent training curriculum approved by the Division, shall establish that point using the latest version of the Division publication, Identification Methods for the Origins of Intermittent and Perennial Streams. More information is available from the NC Division of Water Resources - 401 & Buffer Permitting Branch, or its successor. The Town of Kernersville may accept the results of a site assessment made by another party who meets these criteria. Any disputes over on-site determinations made according to this Item shall be referred to the Director of the Division of Water Resources c/o the 401 & Buffer Permitting Branch, or its successor, in writing. The Director’s determination is subject to review as provided in Articles 3 and 4 of G.S. 150B. 5. Parties subject to this Ordinance shall abide by all State rules and laws regarding waters of the state including but not limited to Rules 15A NCAC 2B .0230 and .0231, Rules 15A NCAC 2H .0500, 15A NCAC 2H .1300, and Sections 401 and 404 of the Federal Water Pollution Control Act. % ([HPSWLRQ%DVHGRQ2Q±VLWH'HWHUPLQDWLRQ When a landowner or other affected party including the Division and the Town believes that the maps have inaccurately depicted surface waters, he or she shall consult the Town of Kernersville. Upon request, a Town of Kernersville representative who has successfully completed the Division of Water Quality’s Surface Water Identification Training Certification course, its successor, or other equivalent training curriculum approved by the Division, shall make an on-site determination. The Town of Kernersville may also accept the results of site assessments made by other parties who have successfully completed such training. Any disputes over on-site determinations shall be referred to the Director of the Division of Water Resources c/o the 401 & Buffer Permitting Branch, or its successor, in writing. A determination by the Director as to the accuracy or application of the maps is subject to review as provided in Articles 3 and 4 of G.S. 150B. Surface waters that appear on the maps shall not be subject to these buffer requirements if a site evaluation reveals any of the following cases: 467 Unified Development Ordinance Chapter C – Article VI a. Ditches and manmade conveyances, to include manmade stormwater conveyances, other than modified natural streams, unless the ditch or manmade conveyance delivers untreated stormwater runoff from an adjacent source directly to an intermittent or perennial stream. b. Areas mapped as intermittent streams, perennial streams, lakes, ponds, or estuaries on the most recent versions of the United States Geological Survey 1:24,000 scale (7.5 minute quadrangle) topographic maps, hard-copy soil survey maps, or other EMC approved stream maps where no perennial waterbody, intermittent waterbody, lake, pond, or estuary actually exists on the ground. c. Ephemeral streams. d. Ponds and lakes created for animal watering, irrigation, or other agricultural uses that are not part of a natural drainage way that is classified in accordance with 15A NCAC 02B .0100. Ponds are part of the natural drainage way when they are hydrologically connected (i.e. the pond is fed by an intermittent or perennial stream) or when they have a direct discharge point to an intermittent or perennial stream. & ([HPSWLRQZKHQ([LVWLQJ8VHVDUH3UHVHQWDQG2QJRLQJ This Ordinance shall not apply to uses that are existing and ongoing; however, this Ordinance shall apply at the time an existing, ongoing use is changed to another use. Change of use shall involve the initiation of any activity that does not meet either of the following criteria for existing, ongoing activity: 1. It was present within the riparian buffer as of the effective date of the original Ordinance. Existing uses shall include agriculture, buildings, industrial facilities, commercial areas, transportation facilities, maintained lawns, utility lines and on-site sanitary sewage systems, any of which involve either specific, periodic management of vegetation or displacement of vegetation by structures or regular activity. Only the portion of the riparian buffer occupied by the footprint of the existing use is exempt from this Ordinance. Change of ownership through purchase or inheritance is not a change of use. Activities necessary to maintain uses are allowed provided that the site remains similarly vegetated, no impervious surface is added within 50 feet of the surface water where it did not previously exist as of the effective date of this Ordinance, and existing diffuse flow is maintained. Grading and revegetating Zone Two is allowed provided that the health of the vegetation in Zone One is not compromised, the ground is stabilized, and existing diffuse flow is maintained. 2. Projects or proposed development that are determined by the Town of Kernersville to meet at least one of the following criteria: a. Project requires a 401 Certification/404 Permit and these were issued prior to the effective date this Ordinance, and prior to the effective date of this Ordinance. b. Projects that require a state permit, such as landfills, NPDES wastewater discharges, land application of residuals and road construction activities, have begun construction or are under contract to begin construction and had received all required state permits and certifications prior to the effective date of this Ordinance; c. Projects that are being reviewed through the Clean Water Act Section 404/National Environmental Policy Act Merger 01 Process (published by the US Army Corps of Engineers and Federal Highway Administration, 2003) or its immediate successor and that have reached agreement with DENR on avoidance and minimization by the effective date of this Ordinance; or d. Projects that are not required to be reviewed by the Clean Water Act Section 404/National Environmental Policy Act Merger 01 Process (published by the US Army Corps of Engineers and Federal Highway Administration, 2003) or its immediate successor if a Finding of No Significant Impact has been issued for the project and the project has the written approval of the Town of Kernersville prior to the effective date of this Ordinance. ' =RQHVRIWKH5LSDULDQ%XIIHU 468 Unified Development Ordinance Chapter C – Article VI The protected riparian buffer shall have two zones as follows: =RQH2QH shall consist of a vegetated area that is undisturbed except for uses provided for in the Table of Uses, Section 8. (B) of this Ordinance. The location of Zone One shall be as follows: a. For intermittent and perennial streams, Zone One shall begin at the top of the bank and extend landward a distance of 30 feet on all sides of the surface water, measured horizontally on a line perpendicular to a vertical line marking the top of the bank. b. For ponds, lakes and reservoirs located within a natural drainage way, Zone One shall begin at the normal water level and extend landward a distance of 30 feet, measured horizontally on a line perpendicular to a vertical line marking the normal water level. =RQH7ZR shall consist of a stable, vegetated area that is undisturbed except for uses provided for in the Table of Uses, Section 8. (B) of this Ordinance. Grading and revegetating in Zone Two is allowed provided that the health of the vegetation in Zone One is not compromised. Zone Two shall begin at the outer edge of Zone One and extend landward 20 feet as measured horizontally on a line perpendicular to the surface water. The combined width of Zones One and Two shall be 50 feet on all sides of the surface water. ( 'LIIXVH)ORZ5HTXLUHPHQWV Diffuse flow of runoff shall be maintained in the riparian buffer by dispersing concentrated flow prior to its entry into the buffer and reestablishing vegetation as follows: 1. Concentrated runoff from new ditches or man-made conveyances shall be converted to diffuse flow at non-erosive velocities before the runoff enters Zone Two of the riparian buffer; 2. Periodic corrective action to restore diffuse flow shall be taken as necessary and shall be designed to impede the formation of erosion gullies; and 3. As set out in Sections 7.(D) and 8.(B) of this Ordinance, The Zones of the Riparian Buffer and Table of Uses respectively, no new stormwater conveyances are allowed through the buffers except for those specified in the Table of Uses, Section 8.(B) of this Ordinance, addressing stormwater management ponds, drainage ditches, roadside ditches, and stormwater conveyances. 327(17,$/86(6$1'$662&,$7('5(48,5(0(176 $ $SSURYDOIRU1HZ'HYHORSPHQW Town of Kernersville shall issue an approval for new development only if the development application proposes to avoid impacts to riparian buffers defined in Section 7. (A) of this Ordinance, or where the application proposes to impact such buffers, it demonstrates that the applicant has done the following, as applicable: 1. Determined the activity is exempt from requirements of this Ordinance; 2. Received an Authorization Certificate from the Town of Kernersville pursuant to Section 9.A of this Ordinance; 3. For uses designated as Allowable with Mitigation in the Table of Uses in Section 8.(B), received approval of mitigation plan pursuant to Section 9.(C) of this Ordinance; and 4. Received a variance pursuant to Section 9. (B). % 7DEOHRI8VHV The following chart sets out potential new uses within the buffer and categorizes them as exempt, allowable, or allowable with mitigation. All uses not categorized as exempt, allowable, or allowable with mitigation are considered prohibited and may not proceed within the riparian buffer or outside the buffer if the use would impact the buffer, unless a variance is granted pursuant to Section 9. (C) 469 Unified Development Ordinance Chapter C – Article VI of this Ordinance, Variances. The requirements for each category are given in Section 8. (C) of this Section following the Table of Uses. 8VH * To qualify for the designation indicated in the column header, an activity must adhere to the limitations defined for it in a given listing as well as the requirements established in Section 8. (C) of this Ordinance. ([HPSW $OORZDEOH $OORZDEOHZLWK 0LWLJDWLRQ Access trails: Pedestrian access trails leading to the surface water, docks, fishing piers, boat ramps and other water dependent activities: x Pedestrian access trails that are restricted to the minimum width practicable and do not exceed 4 feet in width of buffer disturbance, and provided that installation and use does not result in removal of trees as defined in this Ordinance and no impervious surface is added to the riparian buffer x Pedestrian access trails that exceed 4 feet in width of buffer disturbance, the installation or use results in removal of trees as defined in this Ordinance or impervious surface is added to the riparian buffer X X Airport facilities: x Airport facilities that impact equal to or less than 150 linear feet or one-third of an acre of riparian buffer x Airport facilities that impact greater than 150 linear feet or one-third of an acre of riparian buffer x Activities necessary to comply with FAA requirements (e.g. radar uses or landing strips)1 X X X Archaeological activities x In Zones 1and 2 and are designed, constructed and maintained to provide the maximum sediment removal and erosion protection, to have the least adverse effects on aquatic life and habitat, and to protect water quality to the maximum extent practical X Bridges X Canoe Access provided that installation and use does not result in removal of trees as defined in this Ordinance and no impervious surface is added to the buffer. X Dam maintenance activities: x Dam maintenance activities that do not cause additional buffer disturbance beyond the footprint of the existing dam or those covered under the U.S. Army Corps of Engineers Nationwide Permit x Dam maintenance activities that do cause additional buffer disturbance beyond the footprint of the existing dam or those not covered under the U.S. Army Corps of Engineers Nationwide Permit X X Drainage ditches, roadside ditches and stormwater conveyances through riparian buffers: x New stormwater flows to existing drainage ditches, roadside ditches, and stormwater conveyances provided flows do not alter or result in the need to alter the conveyance and are managed to X 470 Unified Development Ordinance Chapter C – Article VI minimize the sediment, nutrients and other pollution that convey to waterbodies. x Realignment of existing roadside drainage ditches retaining the design dimensions, provided that no additional travel lanes are added and the minimum required roadway typical section is used based on traffic and safety considerations. x New or altered drainage ditches, roadside ditches and stormwater outfalls provided that a stormwater management facility is installed to control nutrients and attenuate flow before the conveyance discharges through the riparian buffer x New drainage ditches, roadside ditches and stormwater conveyances applicable to linear projects that do not provide a stormwater management facility due to topography constraints provided that other practicable BMPs are employed. X X X Drainage of a pond in a natural drainage way provided that a new riparian buffer that meets the requirements of Items 7(D) and 7(E) of this Ordinance is established adjacent to the new channel. X Driveway crossings of streams and other surface waters subject to this Ordinance: x Driveway crossings on single family residential lots that disturb equal to or less than 25 linear feet or 2,500 square feet of riparian buffer x Driveway crossings on single family residential lots that disturb greater than 25 linear feet or 2,500 square feet of riparian buffer x In a subdivision that cumulatively disturb equal to or less than 150 linear feet or one-third of an acre of riparian buffer x In a subdivision that cumulatively disturb greater than 150 linear feet or one-third of an acre of riparian buffer X X X X Driveway impacts other than crossing of a stream or other surface waters subject to this Ordinance X Fences: x Fences provided that disturbance is minimized and installation does not result in removal of trees as defined in this Ordinance x Fences provided that disturbance is minimized and installation results in removal of trees as defined in this Ordinance X X Fertilizer application: one-time application to establish vegetation X Grading and revegetation in Zone Two provided that diffuse flow and the health of existing vegetation in Zone One is not compromised and disturbed areas are stabilized until they are revegetated. X Greenway / hiking trails designed, constructed and maintained to maximize nutrient removal and erosion protection, minimize adverse effects on aquatic life and habitat, and protect water quality to the maximum extent practical. X Historic preservation: Designed, constructed and maintained to provide the maximum nutrient removal and erosion protection, to have the least adverse effects on aquatic life and habitat, and to protect water quality to the maximum extent practical. X Maintenance access on modified natural streams: a grassed travel way on one side of the water body when less impacting alternatives are not practical. The width and specifications of the travel way shall be only X 471 Unified Development Ordinance Chapter C – Article VI that needed for equipment access and operation. The travel way shall be located to maximize stream shading. Mining activities: x Mining activities that are covered by the Mining Act provided that new riparian buffers that meet the requirements of Sections 7.(D) and 7.(E) of this Ordinance are established adjacent to the relocated channels x Mining activities that are not covered by the Mining Act OR where new riparian buffers that meet the requirements of Sections 7.(D) and 7.(E) of this Ordinance are not established adjacent to the relocated channels x Wastewater or mining dewatering wells with approved NPDES permit X X X Playground equipment: x Playground equipment on single family lots provided that installation and use does not result in removal of vegetation x Playground equipment installed on lands other than single-family lots or that requires removal of vegetation X X Ponds in natural drainage ways, excluding dry ponds: x New ponds provided that a riparian buffer that meets the requirements of Sections 7.(D) and 7.(E) of this Ordinance is established adjacent to the pond x New ponds where a riparian buffer that meets the requirements of Sections 7.(D) and 7.(E) of this Ordinance is NOT established adjacent to the pond X X Ponds that are constructed and used for agricultural purposes: Freshwater pond to which Riparian Buffer Rules would otherwise apply if all of the following conditions are met: x The property on which the pond is located is used for agriculture as that term is defined in G.S. 106-581.1. x Except for the Riparian Buffer Rules and any similar rule adopted for the protection and maintenance of riparian buffers, the use of the property is in compliance with all other water quality and water quantity statutes and rules applicable to the property before the adoption of the Riparian Buffer Rules for the river basin or watershed in which the property is located. x The pond is not a component of an animal waste management system as defined in G.S. 143-215.10B(3). If the use of property on which a pond is located changes such that the use no longer meets the criteria as defined in G.S. 106-581.1., the Riparian Buffer Rules shall apply. X Protection of existing structures, facilities and stream banks when this requires additional disturbance of the riparian buffer or the stream channel X Railroad impacts other than crossings of streams and other surface waters subject to this Ordinance. X Railroad crossings of streams and other surface waters subject to this Ordinance: x Railroad crossings that impact equal to or less than 40 linear feet of riparian buffer X X 472 Unified Development Ordinance Chapter C – Article VI x Railroad crossings that impact greater than 40 linear feet but equal to or less than 150 linear feet or one-third of an acre of riparian buffer x Railroad crossings that impact greater than 150 linear feet or one- third of an acre of riparian buffer X Recreational and accessory structures: x Sheds and gazebos in Zone Two, provided they are not prohibited under local water supply ordinance: o Total footprint less than or equal to 150 square feet per lot. o Total footprint greater than 150 square feet per lot. x Wooden slatted decks and associated steps, provided the use meets the requirements of Sections 7.(D) and 7.(E) of this Ordinance: o Deck at least eight feet in height and no vegetation removed from Zone One. o Deck less than eight feet in height or vegetation removed from Zone One. X X X X Removal of previous fill or debris provided that diffuse flow is maintained and vegetation is restored X Road impacts other than crossings of streams and other surface waters subject to this Ordinance X Road crossings of streams and other surface waters subject to this Ordinance: x Road crossings that impact equal to or less than 40 linear feet of riparian buffer x Road crossings that impact greater than 40 linear feet but equal to or less than 150 linear feet or one-third of an acre of riparian buffer x Road crossings that impact greater than 150 linear feet or one-third of an acre of riparian buffer X X X Road relocation: Relocation of existing private access roads associated with public road projects where necessary for public safety: x Less than or equal to 2,500 square feet of buffer impact x Greater than 2,500 square feet of buffer impact X X Stormwater BMPs: x Wet detention, bioretention, and constructed wetlands in Zone Two if diffuse flow of discharge is provided into Zone One x Wet detention, bioretention, and constructed wetlands in Zone One X X Scientific studies and stream gauging: In Zones One and Two if they are designed, constructed and maintained to protect water quality to the maximum extent practical. X Streambank or shoreline stabilization X Temporary roads provided that the disturbed area is restored to pre- construction topographic and hydrologic conditions immediately after construction is complete and replanted immediately with comparable vegetation, except that tree planting may occur during the dormant season. A one-time application of fertilizer may be used to establish vegetation: At the end of five years the restored buffer shall comply with the restoration criteria in Section 9.(C)(7) of this Ordinance: x Less than or equal to 2,500 square feet of buffer disturbance x Greater than 2,500 square feet of buffer disturbance x Associated with culvert installation or bridge construction or replacement. X X X 473 Unified Development Ordinance Chapter C – Article VI Temporary sediment and erosion control devices, provided that the disturbed area is restored to pre-construction topographic and hydrologic conditions immediately after construction is complete and replanted immediately with comparable vegetation, except that tree planting may occur during the dormant season. A one-time application of fertilizer may be used to establish vegetation. At the end of five years the restored buffer shall comply with the restoration criteria in Section 9.(C)(7) of this Ordinance: x In Zone Two provided ground cover is established within timeframes required by the Sedimentation and Erosion Control Act, vegetation in Zone One is not compromised, and runoff is released as diffuse flow in accordance with Section 7. (E) of this Ordinance. x In Zones One and Two to control impacts associated with uses approved by Town of Kernersville or that have received a variance, provided that sediment and erosion control for upland areas is addressed, to the maximum extent practical, outside the buffer. x In-stream temporary erosion and sediment control measures for work within a stream channel that is authorized under Sections 401 and 404 of the Federal Water Pollution Control Act. x In-stream temporary erosion and sediment control measures for work within a stream channel. X X X X Utility, electric, aerial, perpendicular crossings of streams and other surface waters subject to this Ordinance2,3,5: x Disturb equal to or less than 150 linear feet of riparian buffer x Disturb greater than 150 linear feet of riparian buffer X X Utility, electric, aerial, other than perpendicular crossings5: x Impacts in Zone Two x Impacts in Zone One2,3 X X Utility, electric, underground, perpendicular crossings3,4,5: x Disturb less than or equal to 40 linear feet of riparian buffer x Disturb greater than 40 linear feet of riparian buffer X X Utility, electric, underground, other than perpendicular crossings4: x Impacts in Zone Two x Impacts in Zone One1 X X Utility, non-electric, perpendicular crossings of streams and other surface waters subject to this Ordinance4,5: x Disturb equal to or less than 40 linear feet of riparian buffer with a maintenance corridor equal to or less than 10 feet in width x Disturb equal to or less than 40 linear feet of riparian buffer with a maintenance corridor greater than 10 feet in width x Disturb greater than 40 linear feet but equal to or less than 150 linear feet of riparian buffer with a maintenance corridor equal to or less than 10 feet in width x Disturb greater than 40 linear feet but equal to or less than 150 linear feet of riparian buffer with a maintenance corridor greater than 10 feet in width x Disturb greater than 150 linear feet of riparian buffer X X X X X Utility, non-electric, other than perpendicular crossings4.5: x Impacts in Zone Two x Impacts in Zone One1 X X 474 Unified Development Ordinance Chapter C – Article VI Vegetation management: x Emergency fire control measures provided that topography is restored x Mowing or harvesting of plant products in Zone Two x Planting vegetation to enhance the riparian buffer x Pruning forest vegetation provided that the health and function of the forest vegetation is not compromised x Removal of individual trees that are in danger of causing damage to dwellings, other structures or human life, or are imminently endangering stability of the streambank. x Removal of individual trees which are dead, diseased or damaged. x Removal of poison ivy x Removal of invasive exotic vegetation as defined in: Smith, Cherri L. 1998. Exotic Plant Guidelines. Dept. of Environment and Natural Resources. Division of Parks and Recreation. Raleigh, NC. Guideline #30 X X X X X X X X x Vehicular access roads leading to water-dependent structures as defined in 15A NCAC 02B .0202, provided they do not cross the surface water and have minimum practicable width not exceeding ten feet. X x Water dependent structures as defined in 15A NCAC 02B .0202 where installation and use result in disturbance to riparian buffers. X Water supply reservoirs: x New reservoirs where a riparian buffer that meets the requirements of Sections 7.(D) and 7.(E) of this Ordinance is established adjacent to the reservoir x New reservoirs where a riparian buffer that meets the requirements of Sections 7.(D) and 7.(E) of this Ordinance is not established adjacent to the reservoir X X Water wells x Single family residential water wells x All other water wells X X Wetland, stream and buffer restoration that results in impacts to the riparian buffers: x Wetland, stream and buffer restoration that requires NC Division of Water Quality approval for the use of a 401 Water Quality Certification x Wetland, stream and buffer restoration that does not require Division of Water Quality approval for the use of a 401 Water Quality Certification X X Wildlife passage structures X 1Provided that: x No heavy equipment is used in Zone One. x Vegetation in undisturbed portions of the buffer is not compromised. x Felled trees are removed by chain. x No permanent felling of trees occurs in protected buffers or streams. x Stumps are removed only by grinding. x At the completion of the project the disturbed area is stabilized with native vegetation. x Zones one and two meet the requirements of Sections 7.(D) and 7.(E) 475 Unified Development Ordinance Chapter C – Article VI 2Provided that, in Zone One, all of the following BMPs for overhead utility lines are used. If all of these BMPs are not used, then the overhead utility lines shall require a no practical alternative evaluation by the Town of Kernersville, as defined in Section 9. (A). x A minimum zone of 10 feet wide immediately adjacent to the water body shall be managed such that only vegetation that poses a hazard or has the potential to grow tall enough to interfere with the line is removed. x Woody vegetation shall be cleared by hand. No land grubbing or grading is allowed. x Vegetative root systems shall be left intact to maintain the integrity of the soil. Stumps shall remain where trees are cut. x Riprap shall not be used unless it is necessary to stabilize a tower. x No fertilizer shall be used other than a one-time application to re-establish vegetation. x Construction activities shall minimize the removal of woody vegetation, the extent of the disturbed area, and the time in which areas remain in a disturbed state. x Active measures shall be taken after construction and during routine maintenance to ensure diffuse flow of stormwater through the buffer. x In wetlands, mats shall be utilized to minimize soil disturbance. 3Provided that poles or aerial infrastructure shall not be installed within 10 feet of a water body unless Town of Kernersville completes a no practical alternative evaluation as defined in Section 9. (A). 4Provided that, in Zone One, all of the following BMPs for underground utility lines are used. If all of these BMPs are not used, then the underground utility line shall require a no practical alternative evaluation by Town of Kernersville, as defined in Section 9. (A). x Woody vegetation shall be cleared by hand. No land grubbing or grading is allowed. x Vegetative root systems shall be left intact to maintain the integrity of the soil. Stumps shall remain, except in the trench where trees are cut. x Underground cables shall be installed by vibratory plow or trenching. x The trench shall be backfilled with the excavated soil material immediately following cable installation. x No fertilizer shall be used other than a one-time application to re-establish vegetation. x Construction activities shall minimize the removal of woody vegetation, the extent of the disturbed area, and the time in which areas remain in a disturbed state. x Measures shall be taken upon completion of construction and during routine maintenance to ensure diffuse flow of stormwater through the buffer. x In wetlands, mats shall be utilized to minimize soil disturbance. 5Perpendicular crossings are those that intersect the surface water at an angle between 75 degrees and 105 degrees. & 5HTXLUHPHQWVIRU&DWHJRULHVRI8VHV Uses designated in Section 8. (B) of this Section as exempt, allowable, and allowable with mitigation within a riparian buffer shall have the following requirements: ([HPSW Uses designated as exempt are permissible without authorization by Town of Kernersville provided that they adhere to the limitations of the activity as defined in Section 8. (B) of this Section, the Table of Uses. In addition, exempt uses shall be designed, constructed, and maintained to minimize soil disturbance and to provide the maximum water quality protection practicable, including construction, monitoring, and maintenance activities. $OORZDEOH Uses designated as allowable may proceed provided that there are no practical alternatives to the requested use pursuant to Section 9. (A) of this Section. This includes construction, monitoring, and maintenance activities. These uses require written authorization from the Town of Kernersville. 476 Unified Development Ordinance Chapter C – Article VI $OORZDEOHZLWK0LWLJDWLRQ Uses designated as allowable with mitigation may proceed provided that there are no practical alternatives to the requested use pursuant to Section 9. (A) of this Section and an appropriate mitigation strategy has been approved pursuant to Section 9. (C). These uses require written authorization from the Town of Kernersville. 3(50,76352&('85(65(48,5(0(176$1'$33529$/6 $ 'HWHUPLQDWLRQRI1R3UDFWLFDO$OWHUQDWLYHV5HTXHVWIRU$XWKRUL]DWLRQ&HUWLILFDWH 1. Persons who wish to undertake uses designated as allowable or allowable with mitigation shall submit a request for a “no practical alternatives” determination to the Town of Kernersville. The applicant shall certify that the project meets all the following criteria for finding “no practical alternatives”: a. The basic project purpose cannot be practically accomplished in a manner that would better minimize disturbance, preserve aquatic life and habitat, and protect water quality; b. The use cannot practically be reduced in size or density, reconfigured or redesigned to better minimize disturbance, preserve aquatic life and habitat, and protect water quality; and c. Best management practices shall be used if necessary to minimize disturbance, preserve aquatic life and habitat, and protect water quality. 2. The applicant shall also submit at least the following information in support of their assertion of “no practical alternatives”: a. The name, address and phone number of the applicant; b. The nature of the activity to be conducted by the applicant; c. The location of the activity, including the jurisdiction; d. A map of sufficient detail to accurately delineate the boundaries of the land to be utilized in carrying out the activity, the location and dimensions of any disturbance in riparian buffers associated with the activity, and the extent of riparian buffers on the land; e. An explanation of why this plan for the activity cannot be practically accomplished, reduced or reconfigured to better minimize disturbance to the riparian buffer, preserve aquatic life and habitat and protect water quality; and f. Plans for any best management practices proposed to be used to control the impacts associated with the activity. 3. Within 60 days of a submission that addresses Section 9.(A)(2) , the Town of Kernersville shall review the entire project and make a finding of fact as to whether the criteria in Section 9.(A)(1) of this Section have been met. A finding of “no practical alternatives” shall result in issuance of an Authorization Certificate. Failure to act within 60 days shall be construed as a finding of “no practical alternatives” and an Authorization Certificate shall be issued to the applicant unless one of the following occurs: a. The applicant agrees, in writing, to a longer period; b. The Town of Kernersville determines that the applicant has failed to furnish requested information necessary to the Town of Kernersville decision; c. The final decision is to be made pursuant to a public hearing; or d. The applicant refuses access to its records or premises for the purpose of gathering information necessary to the Town of Kernersville’s decision. 4. The Town of Kernersville may attach conditions to the Authorization Certificate that support the purpose, spirit, and intent of this Ordinance. 5. Any appeals of determinations regarding Authorization Certificates shall be referred to the Director of the Division of Water Quality, c/o the 401 Oversight Express Permitting Unit, or its successor. The Director’s decision is subject to review as provided in G.S. 150B Articles 3 and 4. 477 Unified Development Ordinance Chapter C – Article VI % 9DULDQFHV 5HTXLUHPHQWVIRU9DULDQFHV Persons who wish to undertake prohibited uses may pursue a variance. The Town of Kernersville may grant minor variances. For major variances, the Town of Kernersville shall prepare preliminary findings and submit them to the Division of Water Resources, 401 & Buffer Permitting Branch, or its successor for approval by the Environmental Management Commission. The variance request procedure shall be as follows: a. For any variance request, the Town of Kernersville shall make a finding of fact as to whether there are practical difficulties or unnecessary hardships that prevent compliance with the riparian buffer protection requirements. A finding of practical difficulties or unnecessary hardships shall require that the following conditions are met: i. If the applicant complies with the provisions of this Ordinance, he/she can secure no reasonable return from, nor make reasonable use of, his/her property. Merely proving that the variance would permit a greater profit from the property shall not be considered adequate justification for a variance. Moreover, the Town of Kernersville shall consider whether the variance is the minimum possible deviation from the terms of this Ordinance that shall make reasonable use of the property possible; ii. The hardship results from application of this Ordinance to the property rather than from other factors such as deed restrictions or other hardship; iii. The hardship is due to the physical nature of the applicant’s property, such as its size, shape, or topography, such that compliance with provisions of this ordinance would not allow reasonable use of the property; iv. The applicant did not cause the hardship by knowingly or unknowingly violating this Ordinance; v. The hardship is rare or unique to the applicant’s property. b. The variance is in harmony with the general purpose and intent of the State’s riparian buffer protection requirements and this Ordinance and preserves its spirit; and c. In granting the variance, the public safety and welfare have been assured, water quality has been protected, and substantial justice has been done. 0LQRU9DULDQFHV A minor variance request pertains to activities that will impact only Zone Two of the riparian buffer. Minor variance requests shall be reviewed and approved based on the criteria in Section 9. (A)(1) through Section 9. (A)(3) by the Town of Kernersville pursuant to G.S. 153A-Article 18, or G.S. 160A-Article 19. The Town of Kernersville may attach conditions to the variance approval that support the purpose, spirit and intent of the riparian buffer protection program. Request for appeals to decisions made by the Town of Kernersville shall be made in writing to the Director of the Division of Water Resources c/o the 401 & Buffer Permitting Branch, or its successor. The Director’s decision is subject to review as provided in G.S. 150B Articles 3 and 4. 0DMRU9DULDQFHV A major variance request pertains to activities that will impact any portion of Zone One or any portion of both Zones One and Two of the riparian buffer. If Town of Kernersville has determined that a major variance request meets the requirements in Section 9.(B)(1)), then it shall prepare a preliminary finding and submit it to the NC Environmental Management Commission c/o the Division of Water Resources, 401 & Buffer Permitting Branch, or its successor, for approval. Within 90 days after receipt by Town of Kernersville, the Commission shall review preliminary findings on major variance requests and take one of the following actions: approve, approve with conditions and stipulations, or deny the request. Appeals from a Commission decision on a major variance request are made on judicial review to Superior Court. 478 Unified Development Ordinance Chapter C – Article VI & 0LWLJDWLRQ3URJUDP5HTXLUHPHQWVIRU3URWHFWLRQDQG0DLQWHQDQFHRI5LSDULDQ%XIIHUV 3XUSRVHThe purpose of this section is to set forth the mitigation requirements that apply to applicants listed in Paragraph (2) of this section. 0LWLJDWLRQ 5HTXLUHPHQWV. Buffer mitigation is required when one of the following applies: D The applicant has received an authorization certificate for impacts pursuant to Section 9. (A) of this Ordinance and is required to perform mitigation as a condition of the authorization certificate; or E The applicant has received a variance pursuant to Section 9. (B) of this Ordinance and is required to perform mitigation as a condition of a variance approval. Any applicant covered under this Paragraph shall submit to the Town of Kernersville a written mitigation proposal that calculates the required area of mitigation and describes the area and location of each type of proposed mitigation. The applicant shall not impact buffers until the Town of Kernersville approves the mitigation plan and issues written approval. $UHDRI,PSDFW . The Town of Kernersville shall determine the area of impact in square feet to each Zone as defined by this Ordinance by adding the following: D The area of the footprint of the use impacting the riparian buffer; E The area of the boundary of any clearing and grading activities within the riparian buffer necessary to accommodate the use; and F The area of any ongoing maintenance corridors within the riparian buffer associated with the use. The Town of Kernersville shall deduct from this total the area of any wetlands that are subject to and compliant with riparian wetland mitigation requirements under 15A NCAC 02H .0506 and are located within the proposed riparian buffer impact area. $UHDRI0LWLJDWLRQ5HTXLUHGRQ=RQDO0LWLJDWLRQ5DWLRV The Town of Kernersville shall determine the required area of mitigation for each Zone by applying each of the following ratios or multipliers to the area of impact calculated under Paragraph (3) of this section: Basin/Watershed Zone 1 Ratio Zone 2 Ratio Randleman Lake Watershed (15A NCAC 02B .0250) 3:1 1.5:1 $UHDRI0LWLJDWLRQ5HTXLUHGRQ/RFDWLRQDO0LWLJDWLRQ5DWLRVThe applicant shall use the following locational ratios as applicable based on location of the proposed mitigation site relative to that of the proposed impact site. Locational ratios shall be as follows: Location Ratio Within the 12-digit HUC 1:1 Within the eight-digit HUCA 1:1 Outside of the eight-digit HUCA 2:1 A Except as provided in Paragraph (6) of this Rule. *HRJUDSKLF5HVWULFWLRQVRQ/RFDWLRQRI0LWLJDWLRQ. Mitigation shall be performed in the same river basin where the impact is located with the following additional specification: 479 Unified Development Ordinance Chapter C – Article VI Mitigation shall be performed in the same watershed where the impact is located as defined in Rule .0248 of the 15A NCAC 02B Section. 0LWLJDWLRQ2SWLRQVIRU$SSOLFDQWV. The applicant may propose any of the following types of mitigation: D Riparian buffer restoration or enhancement pursuant to Paragraph (13) of this Section; E Payment of a compensatory mitigation fee to a compensatory buffer mitigation bank pursuant to Paragraph (8) of this Section or payment of a compensatory mitigation fee to the Riparian Buffer Restoration Fund pursuant to Paragraph (9) of this Section. Payment shall conform to the requirements of G.S. 143-214.20; F Donation of real property or of an interest in real property pursuant to Paragraph (10) of this Rule; G Alternative buffer mitigation pursuant to Paragraph (14) of this Section; or H Other buffer mitigation as approved by the Environmental Management Commission as a condition of a variance approval. ( 3XUFKDVHRI%XIIHU0LWLJDWLRQ&UHGLWVIURPD3ULYDWHRU3XEOLF&RPSHQVDWRU\%XIIHU 0LWLJDWLRQ%DQN Applicants who choose to satisfy some or all of their mitigation by purchasing mitigation credits from a private or public compensatory buffer mitigation bank shall meet the following requirements: DThe compensatory buffer mitigation bank from which credits are purchased shall have available riparian buffer credits approved by the Division; EThe compensatory buffer mitigation bank from which credits are purchased shall be located as described in Paragraphs (4), (5), and (6) of this Section; and FAfter receiving a mitigation acceptance letter from the compensatory buffer mitigation bank, proof of payment for the credits shall be provided to the Town of Kernersville prior to any activity that results in the removal or degradation of the protected riparian buffer. 3D\PHQWWRWKH5LSDULDQ%XIIHU5HVWRUDWLRQ)XQG. Applicants who choose to satisfy some or all of their mitigation requirement by paying a compensatory mitigation fee to the Riparian Buffer Restoration Fund shall meet the requirements of Rule .0601 of the 15A NCAC 02R Section. Payment made to the NC Division of Mitigation Services(DMS) shall be contingent upon acceptance of the payment by the DMS. The DMS shall consider their financial, temporal, and technical ability to satisfy the mitigation request to determine whether they shall accept or deny the request. 'RQDWLRQRI3URSHUW\. Applicants who choose to satisfy their mitigation requirement by donating real property or an interest in real property to fully or partially offset an approved payment into the Riparian Buffer Restoration Fund pursuant to Paragraph (9) of this Section shall do so in accordance with 15A NCAC 02R .0403. 0LWLJDWLRQ6LWH5HTXLUHPHQWVIRU$SSOLFDQWV. For each mitigation site proposed by an applicant under Paragraphs (13) of this Rule, the Town of Kernersville shall identify functional criteria to measure the anticipated benefits of the mitigation to the adjacent water. The Town of Kernersville shall issue a mitigation determination that specifies the area, type, and location of mitigation and the water quality benefits to be provided by the mitigation site. All mitigation proposals shall meet the following criteria: D The location of the buffer mitigation site shall comply with the requirements of Paragraphs (5) and (6) of this Section E The mitigation proposal shall include a commitment to provide: 480 Unified Development Ordinance Chapter C – Article VI x a perpetual conservation easement or similar preservation mechanism to ensure perpetual stewardship that protects the mitigation site's nutrient removal and other water quality functions; x a non-wasting endowment or other dedicated financial surety to provide for the perpetual land management and hydrological maintenance of lands and maintenance of structures as applicable; and x financial assurance in the form of a completion bond, credit insurance, letter of credit, escrow, or other vehicle acceptable to the Town of Kernersville payable to, or for the benefit of, the Town of Kernersville in an amount sufficient to ensure that the property is secured in fee title or by easement, and that planting or construction, monitoring and maintenance are completed as necessary to meet success criteria as specified in the approved mitigation plan. This financial assurance obligation shall not apply to the NC DMS. F Diffuse flow of runoff shall be maintained in the riparian buffer. Any existing impervious cover or stormwater conveyances such as ditches, pipes, or drain tiles shall be eliminated and the flow converted to diffuse flow. If the applicant determines that elimination of existing stormwater conveyances is not feasible, then they shall include a justification and shall provide a delineation of the watershed draining to the stormwater outfall and the percentage of the total drainage by area treated by the riparian buffer with the mitigation plan specified in Paragraph (13) of this Rule for Town of Kernersville approval. During mitigation plan review and approval, the Town of Kernersville may reduce credit proportionally. G Sewer easement within the buffer. If the proposed mitigation site contains a sewer easement in Zone 1, that portion of the sewer easement within Zone 1 shall not be suitable for buffer mitigation credit. If the proposed mitigation site contains a sewer easement in Zone 2, the portion of the sewer easement in Zone 2 may be suitable for buffer mitigation credit if: x the applicant restores or enhances the forested buffer in Zone 1 adjacent to the sewer easement; x the sewer easement is required to be maintained in a condition that meets the vegetative requirements of the collection system permit; and x diffuse flow is provided across the entire buffer width. H Buffer mitigation credit, nutrient offset credit, wetland mitigation credit, and stream mitigation credit shall be accounted for in accordance with the following: x Buffer mitigation used for buffer mitigation credit shall not be used for nutrient offset credits; x Buffer mitigation credit shall not be generated within wetlands that provide wetland mitigation credit required by 15A NCAC 02H .0506; and x Buffer mitigation credit may be generated on stream mitigation sites as long as the width of the restored or enhanced riparian buffer meets the requirements of Subparagraph (13)(a) of this Rule. 5LSDULDQ%XIIHU0LWLJDWLRQ8QLWV. Mitigation activities shall generate riparian buffer mitigation units as follows: Mitigation Activity Square Feet of Mitigation Buffer Riparian Buffer Mitigation Units Generated Restoration Site 11 Enhancement Site 21 5LSDULDQ%XIIHU5HVWRUDWLRQ6LWHRU(QKDQFHPHQW6LWH Town of Kernersville staff shall make an on-site determination as to whether a potential mitigation site qualifies as a 481 Unified Development Ordinance Chapter C – Article VI restoration site or enhancement site as defined in Section (14) “Definitions” of this Rule. Riparian buffer restoration sites or enhancement sites shall meet the following requirements: D Buffer restoration sites or enhancement sites may be proposed as follows: Buffer width (ft) Proposed Percentage of Full Credit Less than 20 0 % 20-29 75 % 30-100 100 % 101-200 33% EThe applicant shall submit a restoration or enhancement mitigation plan to the Town of Kernersville for written approval. The plan shall demonstrate compliance with the requirements of this Paragraph and Paragraphs (11) and (12) of this Rule and shall also contain the following: x A map of the proposed restoration or enhancement site; x A vegetation plan that shall detail the activities proposed to ensure a final performance standard of 260 stems per acre at the completion of monitoring. The final performance standard shall include a minimum of four native hardwood tree species or four native hardwood tree and native shrub species, where no one species is greater than 50 percent of stems. Native hardwood and native shrub volunteer species may be included to meet the final performance standard of 260 stems per acre. The Town of Kernersville may approve alternative vegetation plans upon consideration of factors, including site wetness and plant availability, to meet the requirements of this Part; x A grading plan (if applicable). The site shall be graded in a manner to ensure diffuse flow through the entire riparian buffer; x A schedule for implementation, including a fertilization and herbicide plan if applicable; and x A monitoring plan to document whether the site is expected to meet the final performance standards as defined above and other anticipated benefits to the adjacent water. The plan shall include a proposed schedule and method for monitoring the vegetative status of the restoration or enhancement site for five years, including the health and average stem densities of native hardwood tree or tree and shrub species that are to be counted toward the final performance standard. FWithin one year after Town of Kernersville approval of the mitigation plan, the applicant shall present documentation to the Town of Kernersville that the riparian buffer has been restored or enhanced unless the applicant requests, and the Town of Kernersville agrees in writing prior to that date, to a longer time period. GThe applicant shall submit written annual reports, unless an alternative schedule has been approved by the Town of Kernersville during the mitigation plan approval for a period of five years after completion of the activities identified in Part (13)(b) of this Rule at the restoration site or enhancement site showing: x compliance with the monitoring plan approved pursuant to Part (13)(b) of this Rule; and x that diffuse flow through the riparian buffer has been maintained. If the Town of Kernersville determines that the native hardwood tree or tree and shrub species at the site are not expected to meet the final performance standards listed in Part (13)(b) of this Rule, then the Town of Kernersville may require that the applicant replaces trees or trees and shrubs as needed during that five-year 482 Unified Development Ordinance Chapter C – Article VI period. If the Town of Kernersville determines that diffuse flow through the buffer is not being maintained, then the Town of Kernersville may require that the applicant restores diffuse flow. If the Town of Kernersville determines that the final performance standards listed in Part (13)(b) of this Rule have not been achieved at the end of the five-year monitoring period, the Town of Kernersville may require additional years of monitoring. The Town of Kernersville shall make determinations referenced in this Subparagraph on a site specific basis based on the annual reports, any supplemental information submitted by the applicant, or a site evaluation by the Town of Kernersville. $OWHUQDWLYH%XIIHU0LWLJDWLRQ2SWLRQV. Any proposal for alternative buffer mitigation shall be provided in writing to the Division and shall meet the content and procedural requirements for approval by the Division. Alternative buffer mitigation options that are approved by the Division in accordance with Rule .0295 of the 15A NCAC 02B Section shall be considered acceptable by the Town of Kernersville. &203/,$1&($1'(1)25&(0(17 $ 6LWH,QVSHFWLRQV $JHQWVRIILFLDOVRURWKHUTXDOLILHGSHUVRQV authorized by the Town of Kernersville may periodically inspect riparian buffers to ensure compliance with this ordinance. 1RWLFHRIWKHULJKWWRLQVSHFW shall be included in the letter of approval of each variance and buffer authorization. $XWKRULW\WR(QWHU3URSHUW\DQG&RQGXFW,QYHVWLJDWLRQVDQG,QVSHFWLRQV Authorized agents, officials or other qualified persons shall have the authority, upon presentation of proper credentials, to enter and inspect at reasonable times any property, public or private, for the purpose of investigating and inspecting the site of any riparian buffer. No person shall willfully resist, delay, or obstruct an authorized representative, employee, or agent of Town of Kernersville, while that person is inspecting or attempting to inspect a riparian buffer nor shall any person obstruct, hamper, or interfere with any such representative while in the process of carrying out their official duties. The Town of Kernersville shall have the power to conduct such investigations as deemed reasonably necessary to carry out the duties as prescribed in this Ordinance. 1RWLFHRI9LRODWLRQ DIf it is determined that a person has failed to comply with the requirements of this Ordinance, or rules, or orders adopted or issued pursuant to this Ordinance, a notice of violation shall be served upon that person. The notice may be served by any means authorized under G.S. 1A-1, rule 4. In the event service cannot be accomplished by registered or certified mail, it may be accomplished in any manner provided in rule (4) j of the North Carolina Rules of Civil Procedure. EThe notice shall specify the violation and inform the person of the actions that need to be taken to comply with this Ordinance, or rules or orders adopted pursuant to this Ordinance. The notice shall direct the person to correct the violation within a specified reasonable time. The notice shall inform the person that any person who violates or fails to act in accordance with any of the provisions of this Ordinance or rules or orders adopted or issued pursuant to this Ordinance is subject to the civil and criminal penalties and other enforcement actions as provided in this Ordinance. 3RZHUWR5HTXLUH6WDWHPHQWV The Town of Kernersville shall also have the power to require written statements, or the filing of reports under oath, with respect to pertinent questions relating to land-disturbing activities. % &LYLO3HQDOWLHV $VVHVVPHQWRI3HQDOWLHV 483 Unified Development Ordinance Chapter C – Article VI Any person who violates or fails to act in accordance with any of the provisions of this Ordinance or rules or orders adopted or issued pursuant to this Ordinance shall be subject to a civil penalty. A civil penalty for a violation may be assessed in an amount not to exceed ten thousand dollars ($10,000) per day. If any violation for which a penalty may be assessed is continuous, a civil penalty may be assessed for each day of the violation in an amount not to exceed twenty-five thousand dollars ($25,000) per day for as long as the violation occurs. Each day of a continuing violation shall constitute a separate violation under Section 10. (B)(1). 1RWLFHRI&LYLO3HQDOW\$VVHVVPHQW The governing body of the Town of Kernersville shall provide written notice of the civil penalty amount and the basis for the assessment to the person assessed. The notice of civil penalty assessment shall be served by any means authorized under G.S. 1A-1, Rule 4, and shall direct the violator to either pay the assessment or contest the assessment, within thirty (30) days after receipt of the notice of assessment by written demand for a hearing. +HDULQJ A hearing on the civil penalty shall be conducted by the Kernersville Board of Adjustment within thirty (30) days after the date the written demand for the hearing is received by the Town. )LQDO'HFLVLRQ The Kernersville Board of Adjustment shall issue a final decision on the civil penalty within thirty (30) days of the hearing. A copy of the final decision shall be served on the violator by any means authorized under G.S. 1A-1, Rule 4. $SSHDORI)LQDO'HFLVLRQ Appeal form the final decision of the governing body shall be to the Superior Court of the county in which the violation occurred. Any appeal must be filed with thirty days of receipt of the final decision. A copy of the appeal must be served on the Town Manager by any means authorized under G.S. 1A-1, Rule 4. 'HPDQGIRU3D\PHQWRI3HQDOW\ An assessment that is not contested is due when the violator is served with a notice of assessment. The civil penalty must be paid within 30 days or the assessment, if not appealed, or within 30 days after the conclusion of the administrative or judicial review of the assessment. If payment is not received within 30 days after demand for payment is made, the Town of Kernersville may institute a civil action to recover the amount of the assessment. The civil action may be brought in the Superior Court where the violation occurred, or the violator’s residence or principal place of business is located. Such civil actions must be filed within three (3) years of the date the assessment was due. 8VHRI3HQDOWLHV Civil penalties collected pursuant to this Ordinance shall be credited to the general fund of the Town of Kernersville as nontax revenue. & &ULPLQDO3HQDOWLHV Any person who negligently violates any provision of this Ordinance or rule or order adopted pursuant to this Ordinance, shall be guilty of a Class 2 misdemeanor which may include a fine not to exceed fifteen thousand dollars ($15,000) per day of violation, provided that such fine shall not exceed a cumulative total of two hundred thousand dollars ($200,000) for each period of 30 days during which such a violation continues. Any person who knowingly or willingly violates any provision of this Ordinance or rule or order adopted pursuant to this Ordinance, shall be guilty of a Class I felony which may include a fine not to exceed one hundred thousand dollars ($100,000) per day of violation, provided that this fine shall not exceed a cumulative total of five hundred thousand dollars ($500,000) for each period of 30 days during which such a violation continues. Any person who knowingly violates any provision of this Ordinance or rule or order adopted pursuant to this Ordinance, shall be guilty of a Class C felony which may include a fine not to exceed two hundred fifty thousand dollars ($250,000) per day of violation, provided that this fine shall not exceed a cumulative total one million dollars ($1,000,000) for each period of 30 days during which such a violation continues. 484 Unified Development Ordinance Chapter C – Article VI ' ,QMXQFWLYH5HOLHI &LYLO$FWLRQLQ6XSHULRU&RXUW Whenever the governing body of the Town of Kernersville has reasonable cause to believe that any person is violating or threatening to violate this Ordinance or any rule or order adopted or issued pursuant to this Ordinance, it may, either before or after the institution of any other action or proceeding authorized by this Ordinance, institute a civil action in the name of the Town of Kernersville for injunctive relief to restrain the violation or threatened violation. The action shall be brought in the Superior Court of Town of Kernersville. 2UGHUWR&HDVH9LRODWLRQ Upon determination by a court that an alleged violation is occurring or is threatened, the court shall enter any order or judgment that is necessary to abate the violation, to ensure that restoration is performed, or to prevent the threatened violation. The institution of an action for injunctive relief under this section shall not relieve any party to the proceedings from any civil or criminal penalty prescribed for violations of this Ordinance. ( &RPSOLDQFHZLWK5HTXLUHPHQWV Any person engaged in new activities as defined by this Ordinance who fails to meet the requirements of this Ordinance shall be deemed in violation of this Ordinance. 6(9(5$%,/,7< If any one or more sections or portions thereof of this Ordinance are held to be invalid or unenforceable, all other sections and portions thereof shall nevertheless continue in full force and effect. ()),&7,9('$7( This Ordinance will become effective upon approval by the NC Environmental Management Commission and adoption by the Town of Kernersville Board of Alderman. 5(9,6,216727+,625',1$1&( The Town of Kernersville shall review any revisions to the Local Riparian Buffer Protection Ordinance made by the Division of Water Quality and, within 60 days of receipt of the recommended revisions, submit draft amendments to the DWQ for its consideration and comments. Within 90 days after receipt of the DWQ’s comments, the Town of Kernersville will incorporate amendments into this ordinance. '(),1,7,216 For the purpose of this Ordinance, these terms shall be defined as follows: µ$FFHVV7UDLOV¶ means pedestrian trails constructed of pervious or impervious surfaces and related structures to access a surface water, including boardwalks, steps, rails, and signage. µ$LUSRUW )DFLOLWLHV¶ means all properties, facilities, buildings, structures, and activities that satisfy or otherwise fall within the scope of one or more of the definitions or uses of the words or phrases ‘air navigation facility’, ‘airport’, or ‘airport protection privileges’ under G.S. 63-1; the definition of ‘aeronautical facilities’ in G.S. 63-79(1); the phrase ‘airport facilities’ as used in G.S. 159-48(b)(1); the phrase ‘aeronautical facilities’ as defined in G.S. 159-81 and G.S. 159-97; and the phrase ‘airport facilities and improvements’ as used in Article V, Section 13, of the North Carolina Constitution, which shall include, without limitation, any and all of the following: airports, airport maintenance facilities, clear zones, drainage ditches, fields, hangars, landing lighting, airport and airport-related offices, parking facilities, related navigational and signal systems, runways, stormwater outfalls, terminals, terminal shops, and all appurtenant areas used or suitable for airport buildings or other airport facilities, and all appurtenant rights-of-way; restricted landing areas; any structures, mechanisms, lights, beacons, marks, communicating systems, or other instrumentalities or devices used or useful as an aid, or constituting an advantage or convenience to the safe taking off, navigation, and landing of aircraft, or the safe and efficient operation or maintenance of an airport or restricted landing area; easements through, or interests in, air space over land or water, interests in airport hazards outside the boundaries of airports or restricted landing areas, and other protection privileges, the acquisition or control of which is necessary to ensure safe approaches to the landing areas of airports and restricted landing areas, 485 Unified Development Ordinance Chapter C – Article VI and the safe and efficient operation thereof and any combination of any or all of such facilities. Notwithstanding the foregoing, the following shall not be included in the definition of ‘airport facilities’: 1. Satellite parking facilities; 2. Retail and commercial development outside of the terminal area, such as rental car facilities; and 3. Other secondary development, such as hotels, industrial facilities, free-standing offices and other similar buildings, so long as these facilities are not directly associated with the operation of the airport, and are not operated by a unit of government or special governmental entity such as an airport authority, in which case they are included in the definition of ‘airport facilities’. µ&KDQQHO¶ means a natural water-carrying trough cut vertically into low areas of the land surface by erosive action of concentrated flowing water or a ditch or canal excavated for the flow of water. ‘&RPSHQVDWRU\%XIIHU0LWLJDWLRQ%DQN’ means a buffer mitigation site created by a mitigation provider and approved for mitigation credit by the Division through execution of a mitigation banking instrument. µ'%+¶ means diameter at breast height of a tree measured at 4.5 feet above ground surface level. µ'HYHORSPHQW¶ means the same as defined in Rule 15A NCAC 2B .0202(23). µ'LWFK¶ means a man-made, open drainage way in or into which excess surface water or groundwater from land, stormwater runoff, or floodwaters flow either continuously or intermittently. ‘'LYLVLRQ’ means the Division of Water Resources of the North Carolina Department of Environment and Natural Resources. ‘(QKDQFHPHQW6LWH’ means a riparian zone site characterized by conditions between that of a restoration site and a preservation site such that the establishment of woody stems (i.e., tree or shrub species) will maximize nutrient removal and other buffer functions. µ(SKHPHUDOVWUHDP¶ means a feature that carries only stormwater in direct response to precipitation with water flowing only during and shortly after large precipitation events. An ephemeral stream may or may not have a well-defined channel, the aquatic bed is always above the water table, and stormwater runoff is the primary source of water. An ephemeral stream typically lacks the biological, hydrological, and physical characteristics commonly associated with the continuous or intermittent conveyance of water. µ([LVWLQJ GHYHORSPHQW¶ means development, other than that associated with agricultural or forest management activities that meets one of the following criteria: It either is built or has established a vested right based on statutory or common law as interpreted by the courts, as of the effective date of local new development stormwater programs implemented under Rule 15A NCAC 2B.0251 (Randleman Lake Water Supply Watershed: Stormwater Requirements). µ*UHHQZD\+LNLQJ7UDLOV¶ means pedestrian trails constructed of pervious or impervious surfaces and related structures including but not limited to boardwalks, steps, rails, and signage, and that generally run parallel to the shoreline. µ+LJK9DOXH7UHH¶ means a tree that meets or exceeds the following standards: for pine species, 14-inch DBH or greater or 18-inch or greater stump diameter; or for hardwoods and wetland species, 16-inch DBH or greater or 24-inch or greater stump diameter. ‘+\GURORJLF $UHD’ means the Watershed Boundary Dataset (WBD), located at no cost at http://data.nconemap.com/geoportal/catalog/search/resource/details.page?uuid={16A42F31-6DC7-4EC3- 88A9-03E6B7D55653} using the eight-digit Hydrologic Unit Code (HUC) prepared by the United States Geological Survey. 486 Unified Development Ordinance Chapter C – Article VI µ,QWHUPLWWHQWVWUHDP¶ means a well-defined channel that contains water for only part of the year, typically during winter and spring when the aquatic bed is below the water table. The flow may be heavily supplemented by stormwater runoff. An intermittent stream often lacks the biological and hydrological characteristics commonly associated with the continuous conveyance of water. ‘/RFDWLRQDO5DWLR’ means the mitigation ratio applied to the mitigation requirements based on the location of the mitigation site relative to the impact site as set forth in Section 9. (C)(5) of this Rule. ‘0LWLJDWLRQEDQNLQJLQVWUXPHQW’ means the legal document for the establishment, operation, and use of a mitigation bank. µ0RGLILHG QDWXUDO VWUHDP¶ means an on-site channelization or relocation of a stream channel and subsequent relocation of the intermittent or perennial flow as evidenced by topographic alterations in the immediate watershed. A modified natural stream must have the typical biological, hydrological, and physical characteristics commonly associated with the continuous conveyance of water. ‘0RQLWRULQJSHULRG’ means the length of time specified in the approved mitigation plan during which monitoring of vegetation success and other anticipated benefits to the adjacent water as listed in the mitigation approval is done. µ1HZ 'HYHORSPHQW¶ means any development project that does not meet the definition of existing development set out in this Ordinance. ‘1RQZDVWLQJHQGRZPHQW’ means a fund that generates enough interest to cover the cost of the long term monitoring and maintenance. µ3HUHQQLDOVWUHDP¶ means a well-defined channel that contains water year round during a year of normal rainfall with the aquatic bed located below the water table for most of the year. Groundwater is the primary source of water for a perennial stream, but it also carries stormwater runoff. A perennial stream exhibits the typical biological, hydrological, and physical characteristics commonly associated with the continuous conveyance of water. µ3HUHQQLDOZDWHUERG\¶ means a natural or man-made basin, including lakes, ponds, and reservoirs, that stores surface water permanently at depths sufficient to preclude growth of rooted plants. For the purpose of the State’s riparian buffer protection program, the waterbody must be part of a natural drainage way (i.e., connected by surface flow to a stream). ‘3UHVHUYDWLRQ6LWH’ means riparian zone sites that, as determined by a site visit conducted by the Town of Kernersville or the Division, are characterized by a forest consisting of the forest strata and diversity of species appropriate for the location. ‘5HVWRUDWLRQ6LWH’ means riparian zone sites that are characterized by an absence of trees and by a lack of dense growth of smaller woody stems (i.e., shrubs or saplings) or sites that are characterized by scattered individual trees such that the tree canopy is less than 25 percent of the cover and by a lack of dense growth of smaller woody stems (i.e., shrubs or saplings). ‘5LSDULDQEXIIHUPLWLJDWLRQXQLW’ means a unit representing a credit of riparian buffer mitigation as set forth in Paragraph (12) of Section (9)(C) of this Rule. 487 Unified Development Ordinance Chapter C – Article VI µ5LSDULDQZHWODQG’ means a wetland that is found in one or more of the following landscape positions: (A) in a geomorphic floodplain; (B) in a natural topographic crenulation; (C) contiguous with an open water equal to or greater than 20 acres in size; or (D) subject to tidal flow regimes excluding salt/brackish marsh wetlands. µ6KRUHOLQHVWDELOL]DWLRQ¶ is the in-place stabilization of an eroding shoreline. Stabilization techniques which include “soft” methods or natural materials (such as root wads, or rock vanes) may be considered as part of a restoration design. However, stabilization techniques that consist primarily of “hard” engineering, such as concrete lined channels, riprap, or gabions, while providing bank stabilization, shall not be considered stream restoration. ‘6WHP’ means a woody seedling, sapling, shrub, or tree, no less than 10 centimeters in height. µ6WUHDPUHVWRUDWLRQ¶ is defined as the process of converting an unstable, altered or degraded stream corridor, including adjacent riparian zone and flood-prone areas to its natural or referenced, stable conditions considering recent and future watershed conditions. This process also includes restoring the geomorphic dimension, pattern, and profile as well as biological and chemical integrity, including transport of water and sediment produced by the stream’s watershed in order to achieve dynamic equilibrium. ‘Referenced’ or ‘referenced reach’ means a stable stream that is in dynamic equilibrium with its valley and contributing watershed. A reference reach can be used to develop natural channel design criteria for stream restoration projects. µ6WXPSGLDPHWHU¶ means the diameter of a tree measured at six inches above the ground surface level. ³6XUIDFHZDWHUV´ means all waters of the state as defined in G.S. 143-212 except underground waters µ7HPSRUDU\URDG¶ means a road constructed temporarily for equipment access to build or replace hydraulic conveyance structures such as bridges, culverts, pipes or water dependent structures, or to maintain public traffic during construction. ³7UHH´ means a woody plant with a DBH equal to or exceeding five inches or a stump diameter exceeding six inches. ‘8UEDQ’ means an area that is either designated as an urbanized area under the most recent federal decennial census available at no cost at http://www.census.gov/ or is located within the corporate limits of a municipality. ‘=RQDO5DWLR’ means the mitigation ratio applied to impact amounts in the respective zones of the riparian buffer as set forth in Paragraph (4) of Section (9)(C) of this Rule. &+$37(5&(19,5210(17$/25',1$1&( $57,&/(9,,'$0%5($&++$=$5'$5($6 *(1(5$/ 385326(2)5(*8/$7,21 'DPEUHDFKKD]DUGDUHDVDUHWKRVHDUHDVORFDWHGGRZQVWUHDPRIFHUWDLQGDPVGHVLJQDWHGE\WKH8QLWHG 6WDWHV6RLO&RQVHUYDWLRQ6HUYLFHZKLFKPD\EHIORRGHGLQFDVHRIDGDPEUHDFK7KHULVNVWROLIHDQG SURSHUW\LQVXFKDUHDVDUHVLPLODUWRWKRVHLQIORRGZD\VDQGIORRGZD\IULQJHVDOWKRXJKWKHIUHTXHQF\RIWKH ULVNPD\EHOHVVDQGWKHSUHGLFWDELOLW\RIWKHULVNLVFRQVLGHUDEO\OHVV 0$36 'DPEUHDFKKD]DUGDUHDVVXEMHFWWRUHJXODWLRQVKDOOEHRQO\WKRVHDUHDVLGHQWLILHGRQDam Breach Hazard Area MapsDGRSWHGE\WKH3ODQQLQJ%RDUGDQGPDLQWDLQHGLQWKH&RPPXQLW\'HYHORSPHQW'HSDUWPHQW 7KH1RUWK&DUROLQD2IILFHRIWKH8QLWHG6WDWHV6RLO&RQVHUYDWLRQ6HUYLFHKDVEHHQUHTXHVWHGWRPDSWKH DUHDVLQ)RUV\WK&RXQW\ZKLFKPD\EHVXVFHSWLEOHWRGDPDJHIURPGDPEUHDFKHV$GPLQLVWUDWLRQDQG HQIRUFHPHQWRIWKHGHYHORSPHQWVWDQGDUGVLQWKLV6HFWLRQZLOOEHGHIHUUHGXQWLOFRPSOHWLRQRIWKHPDSV '(9(/230(1767$1'$5'6 7KHGHYHORSPHQWVWDQGDUGVDSSOLFDEOHWRIORRGZD\VLQDFFRUGDQFHZLWK6HFWLRQ&VKDOODSSO\WRGDP EUHDFKKD]DUGDUHDV 8QLILHG'HYHORSPHQW2UGLQDQFH &KDSWHU&$UWLFOH9,, &+$37(5&(19,5210(17$/25',1$1&( $57,&/(9,,,$'0,1,675$7,21$1'$0(1'0(176 $'0,1,675$7,21 7RDFFRPSOLVKWKHSXUSRVHVRIWKLV2UGLQDQFHDQGWRLQVXUHFRPSOLDQFH ZLWK WKHVH UHJXODWLRQV WKH IROORZLQJDGPLQLVWUDWLYHUHVSRQVLELOLWLHVDUHDVVLJQHG *(1(5$/5(63216,%,/,7,(6 7KH=RQLQJ$GPLQLVWUDWRUVKDOOHQIRUFHDQGDGPLQLVWHUWKHUHJXODWLRQVRIWKLV2UGLQDQFHXQGHUWKHJHQHUDO GLUHFWLRQ RI WKH PDQDJHU RI WKH DGRSWLQJ MXULVGLFWLRQ DQG VKDOO VHUYH DV VHFUHWDU\ WR WKH %RDUG RI $GMXVWPHQW7KH&RPPXQLW\'HYHORSPHQW'LUHFWRUDQGWKH3ODQQLQJ%RDUGDUHUHVSRQVLEOHIRUPDNLQJ UHFRPPHQGDWLRQVWRWKH(OHFWHG%RG\UHJDUGLQJFloodway and Floodway Fringe Regulations$UWLFOH,, Watershed Regulations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