20171122 Ver 2_Credit Release Task 1 & 2 - GUC_20200805

ROY COOPER
Governor
MICHAEL S. REGAN
Secretary
S. DANIEL SMITH
Director
NORTH CAROLINA
Environmental Quality
August 5, 2020
Barrett Jenkins
Restoration Systems, LLC
1101 Haynes Street, Suite 211
Raleigh, NC 27605
(via electronic mail: [e-mail] )
DWR ID# 2017-1122v2
Pitt County
Re: GUC Buffer Mitigation & Nutrient Offset Mitigation Banking Instrument (MBI)
GUC Bank Parcel Credit Release — Tasks 1 & 2
Dear Mr. Jenkins -
On February 8, 2020, the Division of Water Resources (DWR) approved a Bank Parcel Development
Package (BPDP) from Restoration Systems, LLC (RS) for the above -referenced site under the terms
and conditions of the GUC Buffer Mitigation & Nutrient Offset Mitigation Banking Instrument
(MBI). On May 5, 2020, the DWR received a recorded conservation easement and corresponding
plat for the subject site.
On May 5, 2020, DWR also received documentation from RS that the subject site had been
constructed in its entirety and monitoring plots had been installed. On June 17, 2020, Katie Merritt
with DWR, with assistance from Raymond Holz with RS, inspected the site and confirmed that most
of the subject site had been completely planted, all monitoring plots were installed, sufficient
conservation easement placards had been installed along the entire easement boundary, and all
underground utilities were installed. On March 5, 2020, DWR issued correspondence
acknowledging that the Piedmont Natural Gas Line 439 Replacement Project within this site's
easement boundary was in compliance with GC #4133 and corresponding buffer authorization.
Lastly, above -ground utilities had been relocated, old paths seeded and planted, and applicable
culverts were removed with stream banks seeded and stabilized.
On July 17, 2020, DWR received a performance bond (#107255999) in the amount of $100,000
issued to Travelers Casualty and Surety Company of America. The term of this bond begins June 22,
2020 and ends June 22, 2021 or with the approval of the Year 1 Monitoring Report by DWR.
In accordance with the MBI, signed on February 17, 2020, the following Project Milestones have
been met and the corresponding credits shall be released:
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North Carolina Department of Environmental Quality I Division of Water Resources
512 North Salisbury Street 11617 Mail Service Center I Raleigh, North Carolina 27699-1617
919.707.9000

GUC Site
Restoration Systems, LLC
August 5, 2020
Task/Milestones Credit
1) Instrument and BPDP Approved by DWR, Conservation Easement recorded, 20%
financial Assurance Posted (site already constructed, no bond required),
all utilities installed and in compliance with state issued permits/authorizations
where applicable
2) Site Earthwork, Planting and Installation of Monitoring 20%
Devices Completed and all Applicable Permits Obtained
TOTAL: 40%
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract and 40% of your Nitrogen nutrient offset credits
(0.40 x 118,089.653 lb-N = 47,235.861 lb-N) and 40% of your Phosphorus nutrient offset credits
(0.40 x 7,605.887 lbs-P = 3,042.355 lb-P) are now available for sale. Additionally, 40% of your
Neuse buffer Restoration credits (0.40 x 1,491,885.751 ft2 = 596,754.300 ft2) and 40% of your
Neuse buffer Preservation credits (0.40 x 6,824.342 ft2 = 2,729.740 ft2) are now available for sale.
Please note that the credits being released reflect those provided in the draft As -Built Report and
corresponding As -Built Survey provided by RS on July 17, 2020. This As -Built Report has not been
reviewed in its entirety, but credits appear to be compliant with the As -Built Survey with the
exception of approximately 358 ft2 (18.692 lbs N, 1.204 lbs P) where riparian widths were less than
fifty feet adjacent to ditches 5 and 6A.
Please note that nutrient offset credits generated at this site must be used for impacts in HUC
03020103 of the Tar -Pamlico River Basin pursuant to 15A NCAC 02B .0703, which became
effective on April 1, 2020. Additionally, the riparian buffer credits must be used for impacts in
the Tar -Pamlico River Basin in accordance with guidelines in the Consolidated Buffer
Mitigation Rule, 15A NCAC 02B .0295, which became effective on November 1, 2015.
Please use the Credit Ledger Templates provided on our website at:
http://portal.ncdenr.org/web/wq/nutrientbuffertemplates to track and report credit availability for the
GUC Mitigation Bank. Upon receiving this correspondence, please submit four (4) credit ledgers to
DWR reflecting the available credits released for each mitigation type (Buffer Restoration, Buffer
Preservation, Nitrogen Nutrient Offset, Phosphorus Nutrient Offset).
Please contact me at [phone] if you have any questions regarding this correspondence.
Sincerely,
DocuSigned by:
Katie ivierrTir3E...
401 & Buffer Permitting Branch
cc:File Copy (Katie Merritt)
Restoration Systems, LLC — Tiffani Bylow (via electronic mail)
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GUC Site
Restoration Systems, LLC
August 5, 2020
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