20191261 Ver 2_Credit Release Task 4_20210708

ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
S. DANIEL SMITH
Director
NORTH CAROLINA
Environmental Quality
July 8, 2021
Ted Griffith
Eco Terra Partners, LLC
1117 Peachtree Walk, NE
Suite 176
Atlanta, GA 30309
(via electronic mail: [e-mail])
DWR ID# 2019-1261 v2
Pitt County
Re: Kittrell Hill Buffer Mitigation & Nutrient Offset Mitigation Banking Instrument (MBI)
Kittrell Hill Bank Parcel Credit Release — Task 4
Dear Mr. Griffith:
On February 1, 2021, the Division of Water Resources (DWR) received a Year 1 Monitoring Report
from Eco Terra Partners, LLC (Eco Terra) for the Kittrell Hill site. Overall, site conditions appear to
look good and vegetation data results show stem densities higher than the required 260 stems/acre
throughout the site. Additionally, no concerns with invasive species or major encroachment within
the easement boundary were noted. EcoTerra will submit information pertaining to the supplemental
planting efforts that have occurred on the site with the submittal of the Year 2 Monitoring Report.
On July 6, 2021, DWR received a continuation certificate and bond rider for performance bond (#54-
229659) in the amount of $80,000 issued to Eco Terra from United Fire & Casualty Company to
cover monitoring and maintenance at the subject site. The term of this bond has been extended thru
August 27, 2022. Future credit releases will be dependent on both the renewal of this performance
bond and the annual monitoring reports.
In accordance with the MBI, signed on March 26, 2020, the following Project Milestones have been
met and the corresponding credits shall be released:
Task/Milestones Credit
4) Monitoring Report #1 Approved by the DWR & financial assurance renewed 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 21,147.061 lb-N = 2,114.706 lb-N) and 10% of your Neuse buffer Restoration credits (0.10 x
363,817 ft2 = 36,381.70 ft2) are now available for sale.
D_E _
NORTH CAF LIMA
D.p.maa.at of rommamoniai oaaiar
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

Kittrell Hill Site
Eco Terra
July 8, 2021
Please note that nutrient offset credits generated at this site must be used for impacts in HUC
03020203 of 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 impacts in the
Neuse 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.
cc:File Copy (DWR)
Sincerely,
DocuSigned
by:
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Katie Merritt
401 & Buffer Permitting Branch
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