20190044 Ver 2_Credit Release – Task 5_20220215

ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
S. DANIEL SMITH
Director
Wildlands Holdings III, LLC
Attn: Shawn Wilkerson
NORTH CAROLINA
Environmental Quality
February 15, 2022
5605 Chapel Hill Rd, Suite 122
Raleigh, NC 27607
(via electronic mail: swilkersonkwildlandseng.com )
DWR Project #: 2019-0044v2
Wayne County
Re: Thoroughfare Swamp Neuse Buffer & Nutrient Offset Mitigation Banking Instrument
Thoroughfare Swamp Bank Parcel Credit Release — Task 5
Dear Mr. Wilkerson:
September 8, 2021, the Division of Water Resources (DWR) received a Year 2 Monitoring Report
from Wildlands Holdings III, LLC (Wildlands) for the Thoroughfare Swamp site. Overall, site
conditions appear to look good and no encroachment within the conservation easement areas was
observed.
DWR received a bond rider and continuation certificate for the performance bond (9107182449) in
the amount of $60,000 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 3 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 November 18, 2019 the following Project Milestones have
been met and the corresponding credits shall be released:
Task/Milestones Credit
5) Monitoring Report #2: 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 10% of your Nitrogen nutrient offset credits
(0.10 x 17,559.07 lb-N=1,755.91 lb-N) and 10% of your Neuse buffer Restoration credits (0.10 x
568,266 ft2 = 56,826.60 ft2) are now available to sell. Lastly, 10% of your Neuse buffer Preservation
credits (0.10 x 755 ft2 = 75.5 ft2) 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
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�
oeWwrd or �Imnmoml NOW r 919,707,9000

Thoroughfare Swamp Bank
Wildlands
February 15,2022
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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