20170887 Ver 2_Credit Release – Task 6_20220304

From:Merritt, Katie
To:[e-mail]
Cc:Ashley Yarsinske; Baker, Caroline D
Subject:Bethel Branch Credit Release
Date:Friday, March 4, 2022 11:03:02 AM
Attachments:Credit Release final task 6_Bethel.docx.pdf
Hey Shawn,
Your copy of the credit release letter for riparian buffer credits and nutrient offset credits for the
Bethel Branch bank is attached. Please update your credit ledgers accordingly.
Thank You for your patience,
Katieash
Katie Merritt
Nutrient Offset & Buffer Banking Coordinator
401 & Buffer Permitting Unit
North Carolina Department of Environmental Quality
Office: 919-707-3637
Work Cell: 919-500-0683
https://deq.nc.gov/about/divisions/water-resources/water-quality-permitting/401-buffer-
Website:
permitting-branch
512 N. Salisbury Street, Raleigh, NC 27620
1617 Mail Service Center, Raleigh, NC 27699-1617
Email correspondence to and from this address is subject to the
North Carolina Public Records Law and may be disclosed to third parties.

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March 4, 2022

Shawn Wilkerson DWR Project #: 2017-0887v2
Wildlands Holdings IV, LLC Chatham County
1430 South Mint Street, Suite 104
Charlotte, NC 28203
(via electronic mail: [e-mail]

Re: Cane Creek Umbrella Mitigation Banking Instrument (UMBI)
Bethel Branch Buffer Mitigation Bank
Credit Release Task 6

Dear Mr. Wilkerson,

On October 18, 2021, the Division of Water Resources (DWR) received a Year 3 Monitoring Report
from Wildlands Holdings IV, LLC (Wildlands), for the Bethel Branch 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 (#107063173) in
the amount of $40,000 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 4 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 UMBI, signed on March 6, 2018, the following Project Milestones have fully
been met and the corresponding credits shall be released:

Task/Milestones Credit

6) Monitoring Report #3: Approved by the DWR & financial assurance renewed 10%

By copy of this correspondence, DWR confirms that you have fully satisfied the above requirements
for the Bethel Branch site. Therefore, 10% of your Jordan Lake riparian buffer credits (0.10 x
2
2
266,899.40 ft = 26,689.94 ft) are now released.

Please note that the riparian buffer credits can only be used to offset impacts located in the
Haw River Sub Watershed of Jordan Lake according to 15A NCAC 02B .0295, which became
effective on November 1, 2015.

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Please feel free to call Katie Merritt at [phone] if you have any questions regarding this
correspondence.

Sincerely,

Katie Merritt
401 & Buffer Permitting Branch

cc:File Copy (Katie Merritt)
Ashley Yarsinske - Wildlands (via electronic mail)
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