20090858 Ver 2_Carl Lloyd Release 10-2013_20131028

NCDENR
North Carolina Department of Environment and Natural Resources
Division of Water Resources
Water Quality Programs
Pat McCrory Thomas A. Reeder
Governor Director
October 28, 2013
Mr. Thomas Rinker
EBX -EM, LLC
909 Capability Drive, Suite 3100
Raleigh, NC 27606
Jahn E. Skvarla, III
Secretary
DWR Project # 09 -0858 v2
Orange County
Re: Cape Fear Riparian Buffer and Nutrient Mitigation Umbrella Banking Instrument
(UBI)
Carl Lloyd Bank Parcel Credit Release — Task 7
Dear Mr. Rinker:
On September 24, 2013, the Division of Water Resources (DWR) received the Year Four
Monitoring Report, dated September 20, 2013, for the Carl Lloyd Bank Parcel in Orange County,
North Carolina. On October 1, 2013, Katie Merritt with DWR submitted comments regarding
the report. On October 24, 2013, Ms. Merritt received a satisfactory response to the comments
from McAdams Company on behalf of EBX -EM, LLC.
According to the UBI, the following Project Milestones have been met, and the corresponding
credits shall be released:
Milestones Credit
7) Submittal and approval of Year 4 Monitoring Report 10%
By copy of this correspondence, DWR confirms that you have satisfied the above requirements
for the above - referenced tract. An additional 10% of your generated nitrogen nutrient offset
credits (0.1 x 24,639.32 2,463.93 lb -N) and an additional 10% of your generated phosphorus
credits (0.1 x 1,586.98 = 1.58.70 lb -F) are now available for sale. Generated credits are credits
that have not been applied to the appropriate delivery factor.
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

Environmental Banc & Exchange, LLC
October 28, 2013
Page 2 of 2
The delivery factors applied to this bank due to its location in the 14 -digit HUC
03030002060070 are 40% for nitrogen and 19% for phosphorous. Therefore, the total amounts
of delivered nutrient offset credits for this site are 9,855.73 lb -N and 301.53 lb -P. By copy of
this correspondence, 10% of your delivered nitrogen offset credits (01 x 9,855.73 = 985.571b-
N) and 10% of your delivered phosphorus credits (0.1 x 301.53 = 30.151b -P) are now available
for sale. Please update your credit ledgers accordingly.
Please note that only the delivered nutrient offset credits can be sold from this bank and
used for impacts in the Upper New Hope Arm of Jordan Lake within the Cape Fear River
Basin.
As always, please copy DWR on all correspondence related to credit sales.
Please feel free to contact Katie Merritt at (919) 807 -6371 if you have any questions regarding
this correspondence.
Sincerely,
KAH/kym
cc:
File Copy - Katie Merritt
Tommy Cousins - EBX -EM, LI:,C (via electronic mail)