20190239 Ver 2_Mitigation Bank Information_20211209

ROY COOPER
Governor
ELIZABETH S. BISER
Secretory
S. DANIEL SMITH
Director
NORTH CAROLINA
Environmental Quality
December 9, 2021
Shawn Wilkerson DWR Project #: 2019-0239v2
Wildlands Holdings III, LLC Johnston County
(via electronic mail: swilkerson&wildlandseng.com )
Re: Moccasin Creek Mitigation Banking Instrument (MBI)
Moccasin Creek Bank Parcel Credit Release — Task 4
Dear Mr. Wilkerson:
On September 21, 2020, the Division of Water Resources (DWR) received a Year 1 Monitoring
Report from Wildlands Holdings III, LLC (Wildlands) for the Moccasin Creek site. Overall, site
conditions appear to look good, performance standards for vegetation are met and no encroachment
within the conservation easement areas was noted.
DWR received a bond rider and continuation certificate for the performance bond (#107414680) in
the amount of $80,000 issued to Wildlands from Travelers Casualty and Surety Company of
America, to cover monitoring and maintenance at the subject site. The term of this bond ends with
DWR approval of the Year 2 Monitoring Report. Future credit releases will be dependent on both
the renewal of this performance bond and the annual monitoring reports.
In accordance with the MBI, signed on October 13, 2020, the following Project Milestones have been
met and the corresponding credits shall be released:
Task/Milestones Credit
4) Monitoring Report # 1: Approved by the DWR & financial assurance renewed 10%
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract and therefore the following credits are released:
• 10% of the Neuse buffer Restoration credits (0.10 x 305,575 ft2 = 30,557.500 ft2) are now
available to sell.
• 10% of the Nitrogen nutrient offset credits (0.10 x 15,591.888 lb-N = 1,559.189 lb-N) are
now available to sell.
Please note that nutrient offset credits generated at this site must be used for impacts in HUC
03020201 of the Neuse River Basin excluding the Falls Lake Watershed pursuant to 15A NCAC
02B .0703, which became effective on April 1, 2020. Additionally, the riparian buffer credits
must be used for impacts in the Neuse River Basin in accordance with guidelines in the
Consolidated Buffer Mitigation Rule, 15A NCAC 02B .0295, which became effective on
November 1, 2015
D E Q�� 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 CAROLINA
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Moccasin Creek Mitigation Site
Wildlands
December 9, 2021
Please feel free to call me at [phone] if you have any questions regarding this
correspondence.
Sincerely,
E
DoocuuSiignedubyn:
OOBD543E
Katie Merritt
401 & Buffer Permitting Branch
cc:File Copy (Katie Merritt)
Ashley Yarsinske (Wildlands) — via electronic mail
Page 2 of 2

From:
Merritt, Katie
To:
Shawn Wilkerson
Cc:
Ashley Yarsinske; Baker. Caroline D
Subject:
Credit Release Task 4 - Moccasin Creek
Date:
Thursday, December 9, 2021 3:08:45 PM
Attachments:
Credit Release Task 4 - MoccasinCrk.docx.odf
Hey Shawn,
Please see your copy of the Credit Release letter for the Moccasin Creek site.
Thank you,
Katie