20080229 Ver 1_Credit Release UT2_20140807

DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
69 DARLINGTON AVENUE
WILMINGTON, NORTH CAROLINA 28403 -1343
Regulatory Division/1200A
Action ID: SAW- 2005 -21199
August 5, 2014
Subject: Forrest Creek Mitigation Bank
Mr. Norton Webster
Environmental Banc & Exchange
900 Capability Drive, Suite 3100
Raleigh, North Carolina 27606
Dear Mr. Webster:
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AUG 0 7 2014
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This correspondence is in reference to expansion of your Forrest Creek Mitigation Bank,
known as the UT2 addendum. The Forrest Creek UT2 addendum site is located adjacent to the
existing Forrest Creek Mitigation Bank, which is approximately seven miles northeast of
Hillsborough and six miles northeast of Durham in northeastern Orange County, North
Carolina. The purpose of this letter is to "catch up" on the release of credits related to previous
activities completed by Environmental Banc & Exchange, because of credit releases that were
passed over due to Corps oversight.
Pursuant to the Mitigation Banking Instrument (MBI) entitled, "Forrest Creek Mitigation
Bank ", dated February 2007, and the Mitigation Bank Addendum dated September 1, 2011,
fifteen percent (15 %) of the Bank's total enhancement credits from the expansion shall be
available for sale for the Post - Construction Release upon approval of the As -built Report. The
As -built Report was submitted by EcoEngineering on April 29, 2013; therefore, this portion of
credit release corresponds to 139.5 credits from the complete total of 930 Stream Mitigation
Units. In addition, the Monitoring Year 2 Report dated December, 2012, was received on
March 19, 2013, and details a successful second year for this portion of the bank. This
monitoring report triggers an additional ten percent (10 %) release of credit, or 93.0 credits.
Therefore, the total credits released today are 232.5 stream credits.
By this correspondence, we confirm that you have satisfied the above requirements and
232.5 additional credits are now available for sale from the complete total of 930 Stream
Mitigation Units. This will result in a cumulative total of 604.5 credits released from the UT2
portion of Forrest Creek Mitigation Bank.
Printed on 0 Recycled Paper

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Thank you for your time and cooperation. If you have any questions, please do not hesitate
to contact me at (919) 876 -8441, Ext. 23.
SiingChief,
#�i meyer
Ac Raleigh Regulatory
Field Office
Copies Furnished:
Mr. Eric Kulz
NCDENR- Division of Water Resources
Wetland/401 Unit
1617 Mail Service Center
Raleigh, North Carolina 27699 -1650
Mr. Peter Benjamin
United States Fish and Wildlife Service
Post Office Box 33726
Raleigh, North Carolina 27636 -3726
Ms. Shari Bryant
Post Office Box 129
Sedalia, North Carolina 27342
Mr. Todd Bowers
USEP A Region 4
Sam Nunn Atlanta Federal Center
61 Forsyth Street, S.W.
Atlanta, GA 30303 -8960