20110720 Ver 4_Credit Release_20131015

NCDENR
North Carolina Department of Environment and Natural Resources
Division of Water Resources
Water Quality Programs
Pat McCrory Thomas A, Reeder John E. Skvarla, III
Governor Director Secretary
October 15, 2013
Mr. Thomas L. Rinker
Environmental Banc & Exchange, LLC
909 Capability Drive, Suite 3100
Raleigh, NC 27606
DWQ Project #: 2011 -0720 v4
Person County
Re: Upper Neuse River Basin Umbrella Mitigation Banking Instrument (UMBI)
Hatley (Phase I) Bank Parcel Credit Release — Task 4
Dear Mr. Rinker:
On October 11, 2013, the Division of Water Quality, hereby referred to as Division of Water
Resources (DWR) received a Year 1 Monitoring Report for the subject site from McAdams
Company on behalf of Environmental Banc & Exchange, LLC (EBX).
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
4) Year 1 Monitoring Report approved by DWR
Credit
10%
By copy of this correspondence, DWR confirms that you have satisfied the above requirements
for the above - referenced tract and 10% of your Neuse riparian buffer credits (0.10 x 310,838 ft2
= 31,083.8 ft2) are now available for sale. Additionally, 10% of your nitrogen nutrient offset
credits (0.10 x 16,774.88 lb -N = 1,677.49 lb -N) and 10% of your phosphorous nutrient offset
credits (0.10x 1,080.43 lb -P = 108.04 lb -P) are now available for sale. Please update the credit
ledgers accordingly.
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
401 and Buffer Permitting Unit
1650 Mail Service Center, Raleigh, North Carolina 27699 -1650
Location: 512 N. Salisbury St, Raleigh, North Carolina 27604
Phone: 919 - 807 -63001 FAX: [phone]
Internet: www.ncwaterquality.org
An Equal Opportunity 1 Affirmative Action Employer

EBX
October 15, 2013
Page 2 of 2
must be used for impacts in the Neuse River Basin according to guidelines in 15A NCAC
02B .0242.
Please feel free to call Katie Merritt at (919) 807 -6371 if you have any questions regarding this
correspondence.
KAtUkm
cc:File Copy (Katie Merritt)
Aaron Speaks - Environmental Banc & Exchange, LLC (via electronic mail)