20051985 Ver 1_Credit Transaction_20140107

Environmental Banc & Exchange
Ca2ital • Experience • Expertise
EBX sincerely apologizes for this oversight and please let us know if you have any questions or
concerns.
Sincerely,
U4
Cara Conder
10055 Red Run Boulevard
January 7, 2014
Suite 130
Owings Mqls, MD 21117
p 410356.5159
Katie Merritt
p 888,781.7075
Wetlands, Buffers, Streams - Compliance & Permitting Unit
f 410.356.5822
NCDENR - Division of Water Resources - Water Quality Programs
909 Capability Drive
1650 Mail Set-vice Center
Suite 3100
Raleigh, NC 27699-1650
Raleigh, NC 27606
p 919.829.9909
IF 919.829.9913
Subject: Sea grove's Farm Buffer Transaction
1307 Broad Street
DWR Project Number: 2005-1985
Camden, SC 29020
p 803,432.4890
f 410.356.5822
Dear Mrs. Merritt,
1371/2 East Main Street
During an internal mitigation credit inventory audit, we came across a transaction that had not been
Suite 210
Oak Hill, WV 25901
documented or debited. The project Seagrove's Farm, DWR, Project 42005-1985 required 29,529
p 304.465,4300
square feet of buffer compensatory mitigation. The client was invoiced on March 23, 2012 by
f 304.465,4302
EBX-EM, LLC, and payment was received on March 28, 2012 from Standard Pacific of the Carolinas,
LLC.
1724 East Boulevard
Suite 202
The client has paid in full for their mitigation, but on accident the buffer credits were never debited
Charlotte, NC 28203
p 204.334.1208
from the For-rest Creek ledger, nor was an Affidavit provided. At the time the mitigation was needed
f 919.829,9913
and paid for (March 2012), EBX had two existing Neuse 01 buffer sites, Forrest Creek and Rudolph..
At the time payment was received, EBX had the buffer credits available at both sites; however these
www.ebxusa.com
credits have not been debited and currently Forrest Creek has no available credits and Rudolph has
3,856 available buffer credits.
EBX sincerely apologizes for this oversight and please let us know if you have any questions or
concerns.
Sincerely,
U4
Cara Conder