HomeMy WebLinkAbout20210502 Ver 1_New Bethel Wetland Mitigation SOA_20220714Statement of Mitigation Credit Availability
Pancho Stream, Wetland and Nutrient Mitigation Bank
July 14, 2022
David Bailey
U.S. Army Corps of Engineers
Raleigh Regulatory Field Office
3331 Heritage Trade Drive
Suite 105
Wake Forest, NC 27587
Re: Availability of Compensatory Stream Credits
River Basin/HUC: Neuse 03020201
We are providing this letter in accordance with 33 CFR §332.8(r), to confirm that 0.476 Riparian Wetland Mitigation
Credits (Credits) from the Pancho Stream, Wetland & Nutrient Mitigation Bank (Bank) are currently available and
all or a portion may be used, once transferred, for compensatory mitigation relative to the New Bethel (aka
Ferguson) project.
The Applicant may ultimately purchase the Credits, if they are available, following Permit issuance. Should the
Applicant purchase the Credits at that time, we will complete and execute the Compensatory Mitigation
Responsibility Transfer Form (Transfer Form) within five (5) days of receipt of the full purchase price.
We will additionally provide copies of the completed and executed Transfer Form to the Applicant, the Bank’s US
Army Corps (USACE) Project Manager and, if needed, other regulatory agencies. In addition, we will provide USACE
with an updated copy of the Bank’s Ledger, reflecting the transaction. Transaction information in the updated Bank
Ledger will include relevant Permit and Applicant information as well as the number and resource type of the debited
Credits.
Should your office have any questions, please contact me at 919.334.9118.
Sincerely,
BARRETT JENKINS
Restoration Systems, LLC