20201612 Ver 2_Updated Mitigation Acceptance Letter_20220222

EBX Buffer Mitigation Banks
Statement of Availability February 21, 2022

NC Division of Water Resources
Sue Homewood
512 N. Salisbury St.
Archdale Building, 9th floor
Raleigh, NC 27604

Re Project: Camp Burton Road Sewer Improvements Project

This document confirms that City of Greensboro (Applicant) for the Camp Burton Road Sewer
Improvements Project (Project) has expressed an interest to utilize 7,464.00 Square Feet of Riparian
Buffer Mitigation Credits from the following bank, Cloud & Banner Nutrient Offset & Buffer
Mitigation Bank. The specific bank site that may be debited Cloud & Banner, that is located in Haw River
Arm of HUC 03030002. As the official Bank Sponsor, EBX, attests to the fact that mitigation is available
for reservation at this time.
These mitigation credits are not considered secured, and consequently are eligible to be used for alternate
purposes by the Bank Sponsor, until payment in full is received from the Applicant resulting in the
issuance of a Mitigation Credit Transfer Certificate 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 Mitigation Credit Transfer Certificate within three (3) days of receipt of the
purchase price. Banker shall provide to Applicant a copy of the Mitigation Credit Transfer Certificate and
a documented copy of the debit of credits from the Bank Official Credit Ledger(s), indicating the permit
number and the resource type secured by the applicant. A copy of the Mitigation Credit Transfer
Certificate, with an updated Official Credit Ledger will also be sent to regulatory agencies showing the
proper documentation.
Please contact me at 919-209-1055 or [e-mail] if you have any questions.
Best,
Amy Staley
Resource Environmental Solutions, LLC
701 E. Bay Street, Suite 306
Charleston, SC 29403
Bank Sponsor – Environmental Banc & Exchange (EBX)