20180196 Ver 2_Credit Release Task 3_20210908

ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
S. DANIEL SMITH
Director
NORTH CAROLINA
Environmental Quality
September 8, 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 3
Dear Mr. Wilkerson:
DWR Project #: 2018-0196v2
Durham County
On May 18, 2021, the Division of Water Resources (DWR) received an As -Built Report from
Wildlands Holdings V, LLC (Wildlands) for the Catfish Pond II Mitigation Site. On August 18,
2021, Katie Merritt with DWR requested additional information to complete her review of the report.
On August 19, 2021, Wildlands provided Ms. Merritt with the information requested. According to
the As -Built survey submitted with the As -Built Report, there are slight adjustments in the total
amounts of Riparian Buffer credits as well as Nutrient Offset credits as compared to the approved
Bank Parcel Development Package. The subject site has generated 342,834 ft2 of buffer restoration
credits, 52,041.411 ft2 of cattle exclusion buffer enhancement credits and 829,563 ft2 (43,287.706
lbs-nitrogen, 2,788.063 lbs-phosphorus) of nutrient offset credits. The credits being released have
been modified to reflect any changes to the creditable acreage as proposed in the BPDP.
On August 31, 2021, DWR received a performance bond (#107414675) issued to Wildlands from
Travelers Casualty and Surety Company of America, in the amount of $100,000, to cover monitoring
and maintenance at the subject site. The term of this bond applies beginning August 24, 2021 and
ends with the approval of the Year 1 Monitoring Report by the DWR. Future credit releases will be
dependent on both the renewal of this performance bond and the annual monitoring reports.
In accordance with the MBI, signed on September 14, 2020, the following Project Milestones have
been met and the corresponding credits shall be released:
Task/Milestones Credit
3) Monitoring Financial Assurance Posted and Approval of As -Built Report 10%
LDE
NORTH CAROLINA
aopamnenl or !wtronmonnO Ona$MY
North Carolina Department of Environmental Quality 1 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
September 8, 2021
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract and therefore the following credits are being released:
• 10% of the Neuse buffer Restoration credits (0.10 x 342,834 ft2 = 34,283.400 ft2) minus
5,978.800 ft2 yields 28,304.600 ft2 available to sell.
• 10% of the Neuse buffer Enhancement via Cattle Exclusion credits (0.10 x 52,041.411 ft2 =
5,204.141 ft2) minus 10.934 ft2 yields 5,193.207 ft2 now available to sell.
• 10% of the Nitrogen nutrient offset credits (0.10 x 43,287.706 lb-N = 4,328.771 lb-N) minus
875.604 lbs yields 3,453.167 lbs now available to sell.
• 10% of the Phosphorus nutrient offset credits (0.10 x 2,788.063 lb-P = 278.806 lb-P) minus
56.395 lbs yields 222.411 lbs now available to sell.
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,
wDoocuuSiignedd by: Eyr,_- -
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A43C72700BD543E...
Katie Merritt
401 & Buffer Permitting Branch
cc:File Copy (Katie Merritt)
Ashley Yarsinske (Wildlands) — via electronic mail
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