HomeMy WebLinkAbout20170974 Ver 3_Credit Reservation_20210722LOWER CAPE FEAR UMBRELLA MITIGATION BANK
STATEMENT OF CREDIT AVAILIBILITY
July 21, 2021
TO: Live Oak Bank
c/o Dana Lutheran SEGi
5315 South College Road Ste E
Wilmington NC 28412
FROM: Lower Cape Fear Umbrella Mitigation Bank
c/o Land Management Group
3805 Wrightsville Avenue, Suite 15
Wilmington, NC 28403
Project: 1714 Tiburon Drive, Wilmington (New Hanover County, NC)
Dear Live Oak Bank:
Pursuant to the recent credit request submitted on your behalf, the Lower Cape Fear Umbrella Mitigation
Bank (LCFUMB) is providing confirmation of acceptance to supply mitigation credits for proposed non‐
riparian wetland impacts associated with 1714 Tiburon Drive, Wilmington (New Hanover County, NC). This
acceptance is conditional upon receipt of payment as outlined below. Please refer to the table below
depicting the type and quantity of credits requested and reserved for your project.
Based upon receipt of your email transmitted on July 21, 2021, LCFUMB will reserve 2.0 non‐riparian wetland
credits for a period of up to 90 days from the date of this letter. Note that requests to reserve credits
beyond 90 days will require a deposit. Please contact us if you need a reservation to extend beyond the 90‐
day period.
Upon request for receipt of credit transfer, LCFUMB will issue an invoice in the amount of $134,884.12.
Upon receipt of payment, LCFUMB will provide an executed Transfer of Credit Certificate. Note that all
payments must be made with certified funds. It is the applicant’s responsibility to ensure that the credit
types and amounts requested are consistent with the compensatory mitigation requirements of the permit(s)
issued. LCFUMB and/or its agents are not responsible for determining the applicant’s mitigation
requirements. If you have any questions or need additional information, please contact me by phone at
(910) 452‐0001 or by email at cpreziosi@lmgroup.net.
Sincerely,
Land Management Group (agent for LCFUMB)
Christian Preziosi
Principal Consultant
Mitigation Type Credits Reserved Fee Per Unit Fee
Stream 0.0 $603.87 $0.00
Non‐Riparian Wetland 2.0 $67,422.06 $134,844.12
Riparian (Riverine) Wetland 0.0 $67,422.06 $0.00
Total Fee $134,844.12