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HomeMy WebLinkAbout20201245 Ver 1_Buffer SOA - Horton Park Residential_20211013fires EBX Buffer Mitigation Banks Statement of Availability October 13, 2021 NC Division of Water Resources Collen Cohn 512 N. Salisbury St. Archdale Building, 9th floor Raleigh, NC 27604 Re Project: Horton Park Residential This document confirms that the MFW Investments, LLC (Applicant) for the Horton Park Residential (Project) has expressed an interest to utilize 8,849.00 Square Feet of Riparian Buffer Mitigation Credits from one or both of the following banks, EBX-Neuse I, LLC Neuse Riparian Buffer Umbrella Mitigation Bank or EBX Upper Neuse Riparian Buffer Umbrella Mitigation Bank. Specific bank sites that will be debited will either be Buffalo Branch, Bucher, Selma Mill, Cedar Grove, Polecat, Stone Creek, Hannah Bridge, Meadow Spring, Poplar Creek, Uzzle and/or Hatley, all located in HUC 03020201. As the official Bank Sponsor, EBX-Neuse 1, LLC and EBX, attests to the fact that mitigation is available for reservation at this time. 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. Please contact me at 919-209-1075 or cparkergres.us if you have any questions or need additional information. Best Regards, Caitlan B. Parker Resource Environmental Solutions, LLC 701 E. Bay Street, Suite 306 Charleston, SC 29403 Bank Sponsor — EBX-Neuse I, LLC or Environmental Banc & Exchange (EBX)