HomeMy WebLinkAbout20210415 Ver 1_Mitigation Bank Information_20211007
WLS Neuse 01 Umbrella Mitigation Bank
Statement of Availability October 7, 2021
U.S. Army Corps of Engineers
Chris Hopper
Raleigh Regulatory Field Office
3331 Heritage Trade Center, Suite 105
Wake Forest, NC 27587
Re Project: DANIELS FARM NORTH
This document confirms that DANIEL-LAN DEVELOPMENT, LLC (Applicant) for the DANIELS
FARM NORTH (Project) has expressed an interest to utilize 0.44 Riparian Wetland Mitigation Credits
from the Water & Land Solutions, LLC sponsored WLS Neuse 01 Umbrella Mitigation Bank, specifically
0.44 wetland credits from the Hollowell Site, in the Neuse HUC 03020201. As the official Bank Sponsor,
Water & Land Solutions, LLC, attests to the fact that mitigation is available for reservation at this time.
The Statement of Availability overrides the previous statement issued on May 18, 2021.
These mitigation credits are not considered secured, and consequently are eligible to be used for alternate
purposes by the Bank Sponsor, until payment in full is received from the Applicant resulting in the issuance
of a Mitigation Credit Transfer Certificate by the bank acknowledging that the Applicant has fully secured
credits from the bank and the Banker has accepted full responsibility for the mitigation obligation requiring
the credits/units.
The Banker will issue the Mitigation Credit Transfer Certificate within three (3) days of receipt of the
purchase price. Banker shall provide to Applicant a copy of the Mitigation Credit Transfer Certificate and
a documented copy of the debit of credits from the Bank Official Credit Ledger(s), indicating the permit
number and the resource type secured by the applicant. A copy of the Mitigation Credit Transfer Certificate,
with an updated Official Credit Ledger will also be sent to regulatory agencies showing the proper
documentation.
If any questions need to be answered, please contact me at 252-423-0880.
Best Regards,
Sammy Jo Hinnant
Water & Land Solutions, LLC
7721 Six Forks Road, Suite 130
Raleigh, NC 27615