20080229 Ver 2_USACE Correspondence_20130515

DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
69 DARLINGTON AVENUE
WILMINGTON, NORTH CAROLINA 28403 -1343
May 13, 2013
Regulatory Division/1200A
Action ID: SAW - 2005 -21199
Mr. Norton Webster
Environmental Banc & Exchange
900 Capability Drive, Suite 3100
Raleigh, North Carolina 27606
Dear Mr. Webster:
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This correspondence is in reference to the expansion of your Forrest Creek Mitigation Bank,
known as the UT2 addendum. The Forrest Creek UT2 addendum site is located adjacent to the
existing Forrest Creek Mitigation Bank, which is approximately seven miles northeast of
Hillsborough and six miles northeast of Durham in northeastern Orange County, North Carolina
The purpose of this letter is to confirm the Year 1 release of credits from the UT2 addendum
expansion area as allowed under the 2008 Mitigation Rule, Part 332.8(g)(2), "Streamlined
Review Process ".
Pursuant to the Mitigation Banking Instrument (MBI) entitled, "Forrest Creek Mitigation
Bank ", dated February 2007, and the Mitigation Bank Addendum dated September 1, 2011,
fifteen percent (15 %) of the Bank's total enhancement credits from the expansion shall be
available for sale immediately upon completion of all initial physical and biological
improvements made pursuant to the mitigation plan. Therefore, this portion of credit release
corresponds to 139 5 credits from the complete total of 930 Stream Mitigation Units In addition,
the submission of a monitoring report dated December, 2012, has been received and details a
successful first year for this portion of the bank. This monitoring report triggers an additional ten
percent (10 %) release of credit, or 93 0 credits. Therefore, the total credits released today are
232.5 stream credits
By copy of this correspondence, we confirm that you have satisfied the above requirements
and 232.5 additional credits are now available for sale from the complete total of 930 Stream
Mitigation Units. This will result in a cumulative total of 372 credits released from the UT2
portion of Forrest Creek Mitigation Bank.
��`° '"lam • _ •
' IN
MAY Z 5 2013
Printed on ® Recyded Paper

Thank you for your time and cooperation If you have any questions, please contact
Mr. Monte Matthews at the Raleigh Regulatory Field Office, telephone [phone],
extension 30.
Sincerely,
Copies Furnished:
Mr. Eric Kulz
NCDENR — Division of Water Quality
Wetland/401 Unit
1650 Mail Service Center
Raleigh, North Carolina 27699 -1650
Mr Peter Benjamin
United States Fish and Wildlife Service
Post Office Box 33726
Raleigh, North Carolina 27636 -3726
Ms. Shari Bryant
Post Office Box 129
Sedalia, North Carolina 27342
Mr Ted Bowers
USEPA Region 4
Sam Nunn Atlanta Federal Center
61 Forsyth Street, S.W.
Mail Code. 9T25
Atlanta, GA 30303 -8960
Jean B. Gibby
Chief, Raleigh Regulatory
Field Office
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