Credit Release Task 4 SassarixaII.docx

ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
S. DANIEL SMITH
Director
NORTH CAROLINA
Environmental Quality
February 10, 2022
Wildlands Holdings III, LLC DWR Project #: 2019-0661
Attn: Shawn Wilkerson Johnston County
(via electronic mail: swilkerson&wildlandseng.com )
Re: Sassarixa Swamp II Nutrient Offset & Buffer Mitigation Banking Instrument
Credit Release Task 4
Dear Mr. Wilkerson:
On September 21, 2021, the Division of Water Resources (DWR) received the Year 1 Monitoring
Report from Wildlands Holdings III, LLC (Wildlands) for the Sassarixa Swamp II site. Results of
the vegetation data showed stem densities higher than the required 260 stems/acre throughout the
site. Additionally, no concerns with invasive species or encroachment within the easement boundary
were noted.
DWR received a continuation certificate and bond rider for performance bond (#107501181) from
Wildlands in the amount of $80,000 with Travelers Casualty and Surety Company of America to
cover monitoring and maintenance at the subject site. The term of this bond ends with the approval
of the Year 2 Monitoring Report by DWR. 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 May 4, 2020 the following Project Milestones have been met
and the corresponding credits shall be released:
Task/Milestones
4) Monitoring Report # 1 Approved by the
DWR & financial assurance renewed
Credits
Nitrogen
'Riparian
Coastal HW
Credits
Buffer
Buffer
Credits
Credits
10%
10%
10%
'Credit release percentages exclude the areas adjacent to Coastal HW Stream Mitigation
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced site and the following credits are being released:
• 10% of the Nitrogen nutrient offset credits (0.10 x 33,512.002 lbs-N = 3,351.200 lbs-N)
are now available to sell.
D ��� North Carolina Department of Environmental Quality j Division of Water Resources
512 North Salisbury Street 11617 Mail Service Center I Raleigh, North Carolina 27699-1617
NORTH CAROLINI�
n,pa� rtnr imme,nni a�ainv 919,707,9000

Sassarixa Swamp II
Wildlands
February 10,2022
• 10% of the Neuse riparian buffer enhancement credits (0.10 x 34,287.615 ft2 = 3,428.762 ft2)
are now available to sell.
• 10% of the Neuse riparian buffer restoration credits excluding Coastal HW Stream
Restoration (0.10 x 283,752 ft2 = 28,375.200 ft2) are now available to sell.
10% of the Neuse riparian buffer restoration credits associated with Coastal HW Stream
Restoration (0.10 x 62,329.743 ft2 = 6,232.974 ft2) are now available to sell. (these credits
need to be recorded on the buffer enhancement credit ledger & are not transferrable to
nutrient offsets)
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. 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.
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
cc:File Copy (Katie Merritt)
Ashley Yarsinske (Wildlands) — via electronic mail
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