HomeMy WebLinkAbout20110720 Ver 4_Credit Release #1_20130814North Carolina
Pat McCrory
Governor
August 14, 2013
Mr. Thomas L. Rinker
Environmental Banc & Exchange, LLC
909 Capability Drive, Suite 3100
Raleigh, NC 27606
DWQ Project #: 2011 -0720 v4
Granville County
Re: Upper Neuse River Basin Umbrella Mitigation Banking Instrument (UMBI)
Hatley (Phase I) Bank Parcel Credit Release — Tasks 1, 2, 3, 7
Dear Mr. Rinker:
On December 28, 2012, the Division of Water Quality, hereby referred to as Division of Water
Resources (DWR) approved a Bank Parcel Development Package (BPDP) for the Hatley Bank
Parcel submitted by Environmental Banc & Exchange, LLC (EBX) on August 9, 2012. On May
10, 2013, the DWR received a signed and recorded conservation easement for Phase 1 of the
subject site assigned to the North Carolina Wildlife Habitat Foundation as the Grantee.
Additionally, EBX has elected to construct the subject project without posting a performance
bond. On June 14, 2013, DWR received an As -Built Report for Phase I of the subject site
submitted by EcoEngineering on behalf of EBX. On August 9, 2013, Katie Merritt, with DWR,
with assistance from Aaron Speaks with EBX, inspected the site to compare site conditions with
the As -Built report and confirm that the subject site had been completely planted and monitoring
devices had been established.
According to the UMBI signed on February 10, 2012, the following Project Milestones have
been met, and the corresponding credits shall be released:
Task /Milestones Credit
1) Approval of BPDP, Conservation Easement Recorded and Financial 20%
Assurance posted (not needed for this Bank)
2) Mitigation Site Earthwork, Planting and Installation of Monitoring 20%
Devices completed
Wetlands, Buffers, Streams - Compliance and Permitting (Webscape) Unit
1650 Mail Service Center, Raleigh, North Carolina 27699 -1650
Location: 512 N. Salisbury St. Raleigh, North Carolina 27604
Phone: 919 - 807 -63001 FAX: 919 - 807 -6494
Internet: www.ncwaterquality.org
An Equal Opportunity 1 Affirmative Action Employer
EBX
August 14, 2013
Page 2 of 2
3) Monitoring Financial Assurance Posted and Approval of 10%
As -Built Report
7) Item B (1) of Section IX (assign conservation easement to land trust or 5%
stewardship) has been completed and approved by DWQ
TOTAL: 55%
By copy of this correspondence, DWR confirms that you have satisfied the above requirements
for the above - referenced tract and 55% of your Neuse riparian buffer credits (0.55 x 310,838 ft'
= 170,960.90 ft2) are now available for sale. Additionally, 55% of your nitrogen nutrient offset
credits (0.55 x 16,774.88 lb -N = 9,226.181b -N) and 55% of your phosphorous nutrient offset
credits (0.55 x 1,080.43 lb -P = 594.24 lb -P) are now available for sale.
Please note that nutrient offset credits generated at this site must be used for impacts in
HUC 03020201 of the Upper and Lower Falls Lake Watersheds as defined in 15A NCAC
02B .0276 and provided in 15A NCAC 02B .0282. Additionally, the riparian buffer credits
must be used for impacts in the Neuse River Basin according to guidelines in 15A NCAC
02B .0242.
Please use the attached Credit Ledger Template to track and report credit availability for the
Hatley (Phase I) Mitigation Bank. Upon receiving this correspondence, please submit three credit
ledgers to DWR reflecting the available credits released for each mitigation type.
Please feel free to call Katie Merritt at (919) 807 -6371 if you have any questions regarding this
correspondence.
Sincerely,
�j Karen Higgins, Supervisor
�! Wetlands, Buffers, Stormwater —
��� Compliance and Permitting Unit
KAH/km
Attachments: Credit Ledger Template
cc:File Copy (Katie Merritt)
Aaron Speaks - Environmental Banc & Exchange, LLC (via electronic mail)
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