20180196 Ver 2_Credit Release Task 2_20210621

ROY COOPER
Governor
JOHN NICHOLSON
Interim Secretary
S. DANIEL SMITH
Director
NORTH CAROLINA
Environmental Quality
June 21, 2021
Shawn Wilkerson
Wildlands Holdings V, LLC
(via electronic mail: [e-mail] )
Re: Catfish Pond II Mitigation Banking Instrument (MBI)
Catfish Pond II Bank Parcel Credit Release — Task 2
Dear Mr. Wilkerson:
DWR Project #: 2018-0196v2
Durham County
On May 27, 2021, the Division of Water Resources (DWR) received documentation from Wildlands
Holdings V, LLC (Wildlands) that the Catfish Pond II site had been planted and constructed in its
entirety and monitoring plots had been installed. Additionally, documentation was also provided
confirming that stream mitigation activities including riparian plantings and installation of all
monitoring plots for the Catfish Pond Full -Delivery Mitigation Site for the Division of Mitigation
Services (DMS ID# 100039) had been fully completed by June 2020. On June 17, 2021, Katie
Merritt with DWR, with assistance from staff with Wildlands, inspected the site and confirmed that
the subject site had been fully planted, all monitoring plots had been installed, cattle exclusion
fencing had been installed throughout the project identifying the boundary of the conservation
easement, and placards identifying the conservation easement area were observed.
On October 13, 2020, DWR received a performance bond (#107256024) issued to Wildlands from
Travelers Casualty and Surety Company of America, in the amount of $150,000, to cover
performance obligations for the construction of the subject site. The term of this bond will remain in
effect until DWR has provided a written approval of the As -Built Report.
In accordance with the MBI, signed on September 14, 2020, the following Project Milestones have
been met and the corresponding credits shall be released:
Task/Milestones Credit
2) Mitigation Site Earthwork, Planting and Installation of Monitoring
Devices Completed for both the Catfish Pond Full -Delivery Site and
the Bank Parcel
20%
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract and therefore, 20% of the Neuse buffer Restoration credits (0.20 x
357,781 ft2 = 71,556.200 ft2) and 20% of the Neuse buffer Enhancement via Cattle Exclusion credits
(0.20 x 52,068.746 ft2 =10,413.749) are now available to sell. Lastly, 20% of the Nitrogen nutrient
offset credits (0.20 x 45,476.713 lb-N = 9,095.343 lb-N) and 20% of the Phosphorus nutrient offset
credits (0.20 x 2,929.052 lb-P = 585.810 lb-P) are now available to sell.
DE
NORTH CAROLINA
DopartnCnI of Fmmmnmonl,I 9uaI'i,\
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

Catfish Pond II Mitigation Site
Wildlands
June 21, 2021
Please note that nutrient offset credits generated at this site must be used for impacts in
HUC 03020201 of the Upper and Lower Falls Watersheds within the Neuse River Basin
pursuant to 15A NCAC 02B .0703 which became effective on April 1, 2020. Additionally, the
riparian buffer credits must be used for authorized impacts in the Neuse River Basin
according to guidelines in the Consolidated Buffer Mitigation Rule, 15A NCAC 02B .0295,
which became effective on November 1, 2015.
Please feel free to call me at [phone] if you have any questions regarding this
correspondence.
Sincerely,
1- DocuSigned by:
�A43C72700BD543E...
Katie Merritt
401 & Buffer Permitting Branch
cc:File Copy (Katie Merritt)
Ashley Yarsinske (Wildlands) — via electronic mail
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