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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