20150636 Ver 1_credit release task 9 (partial)-Neville Phase II_20220323

March 23, 2022
DWQ Project #: 2015-0636
Orange County
Mike Hermann
Watershed Investments NC, LLC
1630 Weatherford Circle
Raleigh, NC 27604
Re:Neville Farms Mitigation Bank Instrument (MBI)
Neville Farms Phase IIBank Parcel Credit Release Task 9 (partial)
Dear Mr. Hermann:
On November 8, 2021, the Division of Water Resources (DWR) received a Year 5Monitoring
Report from Watershed Investments NC, LLC (WINC) for Phase I and Phase II (sites) of the Neville
Farms Mitigation Site. Vegetation data submitted with the report indicate that Plot 7 and the area
around it, may need supplemental plantings and allowed to recover from adaptive management
efforts in 2020 that killed planted trees. Of the seven plots, vegetation data suggests that planted
stems in three plots (3, 4, and 5) need additional time to grow. Most of the stems in plots 3, 4 and 5
are still below reasonable heights at year 5. Most of thestems in these three plots are less than 5 feet
with many less than 3 feet, and is indicative of either being recently planted, having poor growth or
affected by stressors. Substantial adaptive management efforts wereperformed by WINC in 2020
and were satisfactory; therefore,DWR will issue a 5% credit release with the remaining 5% issued if
an onsite visit by DWR to reassess vegetation shows better performance in Plots 3, 4, 5 and 7. DWR
will reassess onsite conditions in early Fall 2022 to determine whether to closeout out the site for any
further monitoring.
DWR received a continuation certificate for performance bond (#CE00155800021) issued to WINC
by Philadelphia Indemnity Insurance Company in the amount of $34,500 to cover monitoring and
maintenance at the subject site. The term of this bond applies through February 21, 2023.
According to the MBI signed on January 7, 2016, the following Project Milestones for Phase IIhave
beenpartiallymet, and the corresponding credits shall be released:

Task/MilestonesCredit
9) Monitoring Report #5: Approved by the DWR and final site visit by DWR5%
has been conducted (partial)
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

!!!
!!Neville Farms Phase II
Watershed Investments NC, LLC
March 23, 2022

By copy of this correspondence, DWR confirms that you have partially satisfied the above
requirements for the above-referenced tract. Therefore, 5% of your Jordan Lake riparian buffer
2
2
Preservation credits (0.05 x 2,330.50 ft = 116.53 ft) are now available to sell. Additionally, 5% of
2
2
your Jordan Lake riparian buffer Restoration credits (0.05 x 55,321.20 ft = 2,766.06 ft) are now
available to sell.

The riparian buffer Preservation and Restoration credits must be used for authorized impacts
in the Upper New Hope Sub-watershed according to 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,

Paul Wojoski, Supervisor
401 and Buffer Permitting Branch
PW/km
cc: File Copy (Katie Merritt)

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