20171122 Ver 2_Credit Release Task 5 GUC Bank_20220324

March 24, 2022

Barrett Jenkins DWR ID# 2017-1122 v2
Restoration Systems, LLC Pitt County
1101 Haynes Street, Suite 211
Raleigh, NC 27605
(via electronic mail: [e-mail])
Re:GUC Buffer Mitigation & Nutrient Offset Mitigation Banking Instrument (MBI)
GUC Bank Parcel Credit Release Task 5
Dear Mr. Jenkins:
On November 17, 2021, the Division of Water Resources (DWR) received a Year 2 Monitoring
Report for the GUC bank parcel from Restoration Systems, LLC (RS). Data provided in the report
indicates mortality on a large portion of the site,but more plots met performance criteria this year
versus last year, hopefully indicating progress towards meeting performance standards.RS has been
diligent at performing necessary measures to determine potential problems and quickly remediating
those problems where possible.RS also fully implemented an aggressive Adaptive Management
Plan (AMP) in Winter/Spring 2021.RS needs to visually monitor the site closely this
Spring/Summer.If by year three RS notices a downward trend in mortality among planted stems and
a continued absence of volunteers, RS and DWR will need to discuss further AMP goals.
DWR received a continuation certificate for performance bond (#107255999) in the amount of
$100,000 issued to RS 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 3monitoring 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 February 17, 2020, the following Project Milestones have
been met and the corresponding credits shall be released:
Task/MilestonesCredit
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 118,089.653 lb-N = 11,808.965 lb-N) and 10% of your Phosphorus nutrient offset credits
(0.10 x 7,605.887 lbs-P = 760.589 lb-P) are now available to sell. Additionally, 10% of your Neuse
North Carolina Department of Environmental Quality Division of Water Resources
512 North Salisbury Street 1611 Mail Service Center Raleigh, North Carolina 27699-1611
919.707.9000

!!!
!!GUC Site
Restoration Systems, LLC
March 24, 2022

buffer Restoration credits (0.10 x 1,491,885.751 ft2 = 149,188.575 ft2) and 10% of your Neuse
buffer Preservation credits (0.10 x 6,824.342 ft2 = 682.434 ft2) are now available to sell.

Please note that nutrient offset credits generated at this site must be used for impacts in HUC
03020103 of the Tar-Pamlico River Basin 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 Tar-Pamlico River Basin in accordance with guidelines in the Consolidated Buffer
Mitigation Rule, 15A NCAC 02B .0295, which became effective on November 1, 2015.

Please contact me at [phone] if you have any questions regarding this correspondence.

Sincerely,

Katie Merritt
401 & Buffer Permitting Branch

cc:File Copy (Katie Merritt)

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