20070747 Ver 1_Bank Parcel Clousure_20211123

ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
S. DANIEL SMITH
Director
NORTH CAROLINA
Environmental Quality
November 23, 2021
DWQ Project #: 2007-0747
Craven County
Restoration Systems, LLC
Mr. John Preyer
(via electronic mail: jpreyergrestorationsystems.com )
Re: Flat Swamp Mitigation Banking Instrument (MBI)
Flat Swamp Bank Parcel Closure
Dear Mr. Preyer:
On November 4, 2014, the Division of Water Resources (DWR) released 100% of the remaining
nutrient offset and riparian buffer mitigation credits for the Flat Swamp Mitigation Bank site (Site);
thus, releasing Restoration Systems, LLC (RS) from monitoring obligations of the Site associated
with nutrient offset and buffer mitigation credits. The conservation easement for this Site was
assigned to Green Trust Alliance, Inc. as the Grantee. DWR staff performed an audit of all nutrient
offset and buffer mitigation credit sales associated with this bank Site and concluded that all sales
were compliant as documented in correspondence dated November 17, 2021.
DWR determines Bank Parcel Closure when all the following have been achieved for the Bank Site:
1. Transfer or assign the conservation easement and all its interests, in perpetuity, to a
land trust or stewardship program;
2. All five years of monitoring completed and all monitoring reports submitted and
approved by DWR;
3. All credits have been released and debited and updated ledgers showing a zero credit
balance have been submitted and approved by DWR.
As of the date of this letter, the Site is now closed with no nutrient offset credits or buffer mitigation
credits remaining to be released or sold.
QEQ> North Carolina Department of Environmental Quality I Division of Water Resources
512 North Salisbury Street 11617 Mail Service Center I Raleigh, North Carolina 27699-1617
NORTH C oROLmn
uew�.n er�iom.,rcaia�a` � 919.707.9000

Flat Swamp Bank Parcel
Bank Parcel Closure
November 23, 2021
Please feel free to call Katie Merritt at [phone] if you have any questions regarding this
correspondence.
Sincerely,
EDocuSigned by:
A43C72700BD543E...
Katie Merritt
401 & Buffer Permitting Branch
File Copy (Katie Merritt)
Barrett Jenkins - Restoration Systems ( bienkinsgrestorationsystems.com)
Page 2 of 2