20171122 Ver 2_Credit Release Task 3_20200904

ROY COOPER
Governor
MICHAEL S. REGAN
Secretary
S. DANIEL SMITH
Director
NORTH CAROLINA
Environmental Quality
September 4, 2020
Barrett Jenkins
Restoration Systems, LLC
1101 Haynes Street, Suite 211
Raleigh, NC 27605
(via electronic mail: [e-mail])
DWR ID# 2017-1122 v2
Pitt County
Re: GUC Buffer Mitigation & Nutrient Offset Mitigation Banking Instrument (MBI)
GUC Bank Parcel Credit Release — Task 3
Dear Mr. Jenkins:
On July 17, 2020, the Division of Water Resources (DWR) received an As -Built Report and
corresponding As -Built Survey from Restoration Systems, LLC (RS) for the GUC site. According to
the As -Built survey the subject site has generated 1,491,885.751 ft2 of buffer restoration credits,
6,824.342 ft2 buffer preservation credits, 118,089.653 lbs-Nitrogen nutrient offset credits and
7,605.887 lbs-Phosphorus nutrient offset credits.
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.
It should be noted, that RS is responsible to provide supplemental planting over an area
approximately 0.54 acres in size along Feature 6 prior to Spring 2021. A map of the area required to
receive the supplemental plantings is attached to this letter for reference. Until the area is planted,
DWR will hold back a 5% credit release with the approval of the Year 1 Monitoring Report and will
issue the remaining 5% credit release upon confirmation that plantings have been completed.
In accordance with the MBI, signed on February 17, 2020, the following Project Milestones have
been met and the corresponding credits shall be released:
Task/Milestones Credit
3) Monitoring Financial Assurance Posted and Approval of As -Built Report 10%
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract and 10% of your Nitrogen nutrient offset credits
(0.10 x 118,089.653 lb-N = 11,808.965 lb-N) and 10% of your Phosphorus nutrient offset credits
(0.10 x 7,605.887 lbs-P = 760.589 lb-P) are now available for sale. Additionally, 10% of your Neuse
D_E
NORTH CAROLINA
Department of Environmental Duali�
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
September 4, 2020
buffer Restoration credits (0.10 x 1,491,885.751 ft2 = 149,188.575 ft2) and 10% of your Neuse
buffer Preservation credits (0.10 x 6,824.342 ft2 = 682.434 ft2) are now available for sale.
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 or pursuant to the MBI, whichever applies. 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 contact me at [phone] if you have any questions regarding this correspondence.
Sincerely,
Katie Merritt
401 & Buffer Permitting Branch
Attachments: Supplemental Planting Map
cc:File Copy (Katie Merritt)
Tiffani Bylow — Restoration Systems, LLC (via electronic mail)
Page 2 of 2

Veg Plot 9
Easement Area 2
White box = non planted
area: 0.54 ac.
Pins = line of observed planted stems