20220546 Ver 1_RES Cape Fear 03 SOA - Feed & Seed - Southbury_20220406

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Environmental Banc & Exchange, LLC Stream and Stream Banks
Statement of Availability January 25, 2022
U.S. Army Corps of Engineers
James Lastinger
Raleigh Regulatory Field Office
3331 Heritage Trade Center, Suite 105
Wake Forest, NC 27587
Re Project: Southbury
This document confirms that the Southbury Development, LLC (Applicant) for the Southbury (Project)
has expressed an interest to utilize 160.50 Stream Mitigation Credits from the EBX sponsored RES
Cape Fear 03 Umbrella Mitigation Bank, specifically 160.50 Stream credits from the Feed and Seed Site,
in the Cape Fear HUC 03030003. As the official Bank Sponsor, Environmental Banc & Exchange, LLC,
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 854-900-3222 or dlach(a�res.us if you have any questions.
Best Regards,
1"I"ON-INNO
David Lach
Resource Environmental Solutions, LLC
701 E. Bay Street, Suite 306
Charleston, SC 29403