20220666 Ver 1_SFMB Credit Reservation Letter_20220616

5/12/22, 1:13 PM
Current Rate Schedules I NC DEQ
Statewide Stream & Wetland ILF Program Rates for Standard Service Areas
Service Area
Statewide
Standard
Statewide
Standard
Statewide
Standard
Mitigation "I y,
DMS Rate Per Credit
(Effective through 6/30/2022)
Stream
Freshwater Wetlands (Riparian & Non -
Riparian)
Coastal Wetlands
$603.87
$67,442.06
$560,000.00
r

STONE FARM REGIONAL MITIGATION BANK
CREDIT REQUEST ACCEPTANCE
Date: 05/12/2022
Cheryl Hagelstein
17617 Thornwood Lane
South Chesterfield, VA 23803
Project Name: 208 W. Pelican Drive
Expiration of Acceptance: 11128/2022
SFMB Number: TBA
Dear Cheryl Hagelstein:
Stone Farm Mitigation Bank, LLC
2618 New Village Way
Wilmington, NC 28405
[phone]
DRAFT
The purpose of this letter is to notify you that the Stone Farm Regional Mitigation Bank (Bank) is willing to
accept payment for impacts associated with the above referenced project. Please note that this decision
does not assure that the payment will be approved by the permit issuing agencies as mitigation for project
impacts. It is the responsibility of the applicant to contact these agencies to determine if payment to the
Bank will be approved. It is also the responsibility of the applicant to determine the appropriate credit ratios
that will be required for the corresponding wetland and/or stream impacts. You must also comply with all
other state, federal or local government permits, regulations or authorizations associated with the proposed
activity.
This acceptance is valid for six (6) months from the date of this letter and is not transferable. If we have not
received payment for the accepted credits of the issued 404 Permit/401 Certification/CAMA permit
within this time frame, this acceptance will expire. Predicated on the total payment due to the Bank, as
set forth herein, a ten (10) percent non-refundable deposit is due at the time of acceptance by the Bank. It is
the applicant's responsibility to send copies of their permits to the Bank. Once the Bank receives a copy of
the permit(s), an invoice will be issued based on the information identified below. Payment must be made
prior to conducting the authorized work. It is the applicant's responsibility to ensure that the credit types and
amounts identified below are consistent with the compensatory mitigation requirements of the permit(s)
issued. The Bank and/or its agents are not responsible for determining the applicant's mitigation
requirements.
Based on the information supplied by the applicant, the impacts that may require compensatory mitigation
are summarized in the following table:
Impact
CU Location
03040208
Stream (ft.)
Wetlands (ac.)
Nonriparian
.03
Riparian
Credits
1
Note that the impact and credit totals above were provided by the applicant. It is the applicant's
responsibility to provide accurate information (including the requested mitigation credits). The Bank and/or
its agents are not responsible for determining the required credit amounts. The Bank's decision to accept
credits is based upon the information provided by the applicant. The Bank is not liable for any credit
shortage should the applicant's required mitigation credits exceed the amount specified in the above table.

Based upon the type and amounts of credits requested above, the following payment must be provided to
the Bank prior to issuance of credits:
Credit Type
Unit
Per Unit Credit Fee
Sub -Total
Stream
0
$603.87
$0.00
Nonriparian Wetland
0.1
$67,442.06
$6,744.21
Riparian Wetland
0
$67,442.06
$0.00
Total Payment Due
$6,744.21
Non-refundable Deposit
$674.42
Balance Due Upon Invoice
$6,069.79
Upon receipt of full payment, the Bank will take responsibility for providing the compensatory mitigation. If
the regulatory agencies require mitigation credits greater than indicated above, and should the applicant
want the Bank to provide such credits, it is the applicant's responsibility to submit an additional credit
request form to the Bank.
If you have any questions or need additional information, please contact Jordan Cline at 910-251-8543 or
[e-mail]
Sincerely,
Jordan Cline
Stone Farm Mitigation Bank, LLC
cc: NCDWQ-Raleigh
USACE
NCDWQ-Local
Agent