HomeMy WebLinkAbout20202002 Ver 1_Credit Reservation_20210407LOWER CAPE FEAR UMBRELLA MITIGATION BANK
STATEMENT OF CREDIT AVAILIBILITY
TO: Dominion Land Corp.
PO Box 3167
Wilmington, NC 28403
Project: Isabella Park (Brunswick County, NC)
Dear Dominion Land Corp:
April 7, 2021
FROM: Lower Cape Fear Umbrella Mitigation Bank
c/o Land Management Group
3805 Wrightsville Avenue, Suite 15
Wilmington, NC 28403
Pursuant to the recent credit request submitted on your behalf, the Lower Cape Fear Umbrella Mitigation
Bank (LCFUMB) is providing confirmation of acceptance to supply mitigation credits for proposed non -
riparian wetland impacts associated with Isabella Park project, 3429 & 3498 Andrew Jackson Highway
(Brunswick County, NC). This acceptance is conditional upon receipt of payment as outlined below. Please
refer to the table below depicting the type and quantity of credits requested and reserved for your project.
Mitigation Type 1 Credits Reserved
Stream
Non -Riparian Wetland
Riparian (Riverine) Wetland
T 0.0
1.0
0.0
Fee Per Unit
$558.81
$61,264.36
$61,264.36
Total Fee
Fee
$0.00
$61,264.36
$0.00
$61,264.36
Based upon receipt of your email transmitted on April 7, 2021, LCFUMB will reserve 1.0 non -riparian wetland
credit for a period of up to 90 days from the date of this letter. Note that requests to reserve credits beyond
90 days will require a deposit. Please contact us if you need a reservation to extend beyond the 90-day
period.
Upon request for receipt of credit transfer, LCFUMB will issue an invoice in the amount of $61,264.36.
Upon receipt of payment, LCFUMB will provide an executed Transfer of Credit Certificate. Note that all
payments must be made with certified funds. It is the applicant's responsibility to ensure that the credit
types and amounts requested are consistent with the compensatory mitigation requirements of the permit(s)
issued. LCFUMB and/or its agents are not responsible for determining the applicant's mitigation
requirements. If you have any questions or need additional information, please contact me by phone at
(910) 452-0001 or by email at cpreziosi@lmgroup.net.
Sincerely,
Land Management Group (agent for LCFUMB)
fy-1(I
Christian Preziosi
Principal Consultant