20090858 Ver 2_REVISED Yr 5 Credit Release (Partial) 9-5-14_20140905

Strickland, Bev
From:
To:
ME
Kutz,Ehc
Friday, September U5'ZUl4l:43PK4
[ara[onder
Strickland, Bev
Corrected Carl Lloyd Credit Release (#00'U858vZ)
00'0858v2 Carl LLovd REVISED Yr5 Credit Release (Partial) 0'5'14.pdf
From: Cara Cnnder
Sent: Friday, September 05, 2014 12:49 PM
To: Ku|z,Eric
Subject: Re: 3ordan Credit Releases
No worries. We appreciate the early releases.
Sent from myiPhone
Environmental Banc & Exchange, LLC
Cara Conder
cell: 919-608-5876
cara(@ebmsa.com
On Sep 5, 2014, at 12:47 PM, "Kulz, Eric" <[e-mail]> wrote:
From: Cara Cnnder
Sent: Friday, September 05, 2014 12:39 PM
To: Ku|z,Eric
Subject: RE: 3ordan Credit Releases
For Ivey Ferguson the delivered nitrogen should be 439.14, but you have 439.02. Do we need a revised
letter for this one?
From: Ku|z,Eric
Sent: Friday, September 05, 2014 10:43 AM
1

To: Cara Conder
Subject: RE: Jordan Credit Releases
L+
MMOM
From: Cara Conder [mailto:caraCa)ebxusa.com]
Sent: Thursday, September 04, 2014 4:54 PM
To: Kulz, Eric
Cc: Matt Fisher
Subject: RE: Jordan Credit Releases
Ok, so Ivey Ferguson looks good for P, but the N release is incorrect. You have 348
should be 438.75 based on the generated amount of 1,096.87, which is correct for the 5.35 acre
deduction. Please send us a revised Ivey Ferguson letter too.
M..
From: Kulz, Eric [mailto:eric.kulz @ncdenr.gov]
Sent: Thursday, September 04, 2014 1:43 PM
To: Cara Conder; Tommy Cousins
Cc: Strickland, Bev; Merritt, Katie
Subject: Jordan Credit Releases
Cara:
Please see attached correspondence regarding credit releases for the Carl Lloyd and Ivey- Ferguson
parcels. Please note both are partial credit releases as remedial action is necessary at both sites.
Please let me know if you have any questions.
Thanks!!
Eric W. Kulz
Environmental Senior Specialist
401 and Buffer Permitting Unit
NCDENR - Division of Water Resources - Water Quality Permitting Section
1617 MSC
Raleigh, NC 27699 -1617
Phone: [phone]
E -mail correspondence to and from this address may be subject to the North Carolina Public Records Law
and may be disclosed to third parties.

September 5, 2014
Mr. Thomas Rinker
EBX-EM, LLC
909 Capability Drive, Suite 3 100
Raleigh, NC 27606
Resources
John E Skvarla, 119
Secire tar' y'
D,WR Project # 09-0858 Q
Orange County
Re: Cape Fear Riparian Buffer and Nutrient Mitigation Umbrella Banking Instrument
(I BI)
REVISED Carl Lloyd Bank Parcel Credit Release Year 5 -- Task 8 (PARTIAL)
Dear Mr. Rinker:
On August 26, 2014, Eric Kulz with the Division of Water Resources (DWR) visited the Carl
Lloyd site for the purpose of assessing the site for a credit release (Year 5 Credit Release -- Task
8). At the site visit, EBX provided DWR with vegetation monitoring data documenting the
results of the Year 5 monitoring.
Based on the monitoring data and the site visit, vegetation at the site appeared to be doing well.
Planted vegetation exhibited good survival and with volunteers, the stem counts ranged from 324
to over 2,00(O stems per acre. Diversity appeared adequate and the majority of the site is on a
trajectory toward a diverse wooded riparian zone.
The exception was a narrow area of easement at the northeast corner of the site (Buffer
Restoration Area 6) which appeared to have been inowed and Planted stems were sparse. This
area totaled 0,1 acre.
According to the UBI, the following Project Milestones have been partially met, and the
corresponding credits shall be released:
Milestones
7) Submittal and approval of Year 5 monitoring data
401 and Buffer Permitting Unit
1617 Mail Service Center, Rateigh,, North Carolina 27699-1617
Location: 512 N. Salisbury St. Raleigh, North Carolina 27604
Phone: [phone] t FAK 919-807-6494
Internet: www.ncwaterquallly.org
An Equal Opportunity t Affirmative Action Employer
Credit
5%

Environmental Banc & Exchange, LLC
September 5, 2014
Page 2 of 3
By copy of this correspondence, DWR confirms that you have satisfied the above requirements
for the above-referenced tract. An additional 5% of your generated nitrogen nutrient offset
credits, minus the credits for Buffer Restoration Area 6 (0.05 x 24,412.02 = 1,220.60 lb-N) and
an additional 5% of your generated phosphorus credits (minus credit for Buffer Restoration
Area 6) (0.05 x 1,572.34 =: 78.62 lb-P) are now available for sale. Generated credits are credits
that have not been applied to the appropriate delivery factor.
The delivery factors applied to this bank due to its location in the 14-digit HUC
O3030002060070 are 40% for nitrogen and 19% for phosphorous. Therefore, by copy of this
correspondence, 5% of your delivered nitrogen offset credits (0.4 x 1,220.60 = 488.241b -N) and
5%, of your delivered phosphorus credits (0..1.9 x 78.62 = 14.94 lb-P) are now available for sale.
Please update your credit ledgers accordingly.
Please note that only the delivered nutrient offset credits can be sold from this bank and
used for impacts in the Upper New Hope Arm of Jordan Lake within the Cape Fear River
Basin.
As always, please copy DWR on all correspondence related to credit sales.
Please disregard the September 3, 2014 credit release letter, as this letter was based on a
10% release when % release was due.
During the site visit, some eases rent encroachment was observed along the east side of Buffer
Restoration Area 1, adjacent to an area being developed as a cricket field. Silt fencing has been
erected along the edge, or possibly within, the easement boundary, and sediment has gotten into
the easement and is threatening to do so in several other locations (sediment piled up against silt
fence). The base of the fill slope of the field appears to directly abut the easement. Vegetation
has not been compromised, but there is the potential for negative effects to the buffer in the near
future if this situation is not rectified.
Tasks remaining to prepare the site for closeout include:
• Replant Buffer Restoration Area 6 with sufficient containerized stock to bring the stem
density to 320 stems per acre;
• Address the encroachment/sediment issue along the east side of Buffer Restoration
Area 1;
• Aggressively mark all easement boundaries, especially in the encroachment areas
identified; and
Submit the final Year 5 Monitoring Report for the project, documenting the resolution
of the issues described above.
Since the project has completed five years of monitoring, EBX may request project closeout this
fall. Once the tasks above have been completed and a closeout site visit has been conducted,, the
final withheld delivered credits 01.55 lb-N and 0.13 lb-P) can be released.

Environmental Banc & Exchange, LLC
Septembe r 5, 2014
Page 3 of 3
Please feel free to contact Eric Kulz at [phone] or Katie Merritt at (9199) 807-6371 if you
have any questions regarding this correspondence.
Sincerely,
c
Karen Higgins, Supervisor
KAHljablewk 401 & Buffer Permitting Unit
cc:
File Copy - Katie Merritt
Tommy Cousins - EBX-EM, LLC (via electronic mail)