20051985 Ver 3_Modifications_20140121

EBX Neuse Riparian Buffer Umbrella Mitigation Bank
Rudolph Bank Site
Statement of Availability January 16, 2014

NC Division of Water Resources U.S. Army Corps of Engineers
Ms. Katie Merritt Mr. James Lastinger
401 Oversight/Express Permitting Unit Raleigh Regulatory Field Office
1650 Mail Service Center 3331 Heritage Trade Center, Suite 105
Raleigh, NC 27699-1650 Wake Forest, NC 27587

Re Project: Seagroves Farm Project

This document confirms that Standard Pacific Homes of the Carolinas, LLC (Applicant) for the
Seagroves Farm Project has expressed an interest to utilize 29,529 Square Feet of Riparian
Buffer Mitigation Credits from the EBX Neuse Riparian Buffer Umbrella Mitigation
Bank/Rudolph Site, located in and approved to serve the Neuse HUC 03020201. As the Bank
Sponsor for the Site, EBX attests to the fact that mitigation is available for transfer upon permit
issuance at this time.

Banker will notify applicant if the 29,529 Square Feet of Buffer Mitigation become considered
prior to permit issuance. Credits are not considered secured
until payment in full is received from the applicant resulting in the issuance of an Affidavit of
Sale 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 Affidavit of Sale within three (3) days of receipt of the balance of the
Purchase Price. Banker shall provide to Applicant with a copy of the Affidavit of Sale and a
documented copy of the debit of credits from the Bank Official Credit Ledger(s) showing the
permit number and the resource type secured by the applicant. A copy of the Affidavit of Sale,
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 239-872-1678
Best Regards

Matthew R. Fisher
EBX-Neuse I, LLC

909 Capability Drive, Suite 3100, Raleigh, NC 27606