20080229 Ver 1_USACE Correspondence_20140825

Regulatory Division/1200A
DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
69 DARLINGTON AVENUE
WILMINGTON, NORTH CAROLINA 28403 -1343
August 22, 2014
Action ID: SAW- 2005- 21199, Forrest Creek Mitigation Bank
Mr. Norton Webster
Environmental Banc & Exchange
900 Capability Drive, Suite 3100
Raleigh, North Carolina 27606
Dear Mr. Webster:
COPY
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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 confirm the Year 3 release of credits from the UT2 addendum
expansion area as allowed under the 2008 Mitigation Rule, Part 332.8(g)(2), "Streamlined
Review Process ".
Pursuant to the Mitigation Banking Instrument (MBI) entitled, "Forrest Creek Mitigation
Bank ", dated February 2007, and the Mitigation Bank Addendum dated September 1, 2011, ten
percent (10 %) of the Bank's total enhancement credits from the expansion shall be available for
sale after Year 3, upon documentation of meeting success criteria. The Monitoring Year 3 Report
dated September 25, 2013, was received on October 11, 2013, and details a successful third 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 93.0 stream
credits.
By this correspondence, we confirm that you have satisfied the above requirements and
93.0 additional credits are now available for sale from the complete total of 930 Stream
Mitigation Units. This will result in a cumulative total
portion of Forrest Creek Mitigation Bank.
697.5 credits released from the UT2
AUG 2 5 2014
D NR - WA QUALITY
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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.
Copies Furnished:
Mr. Eric Kulz
NCDENR- Division of Water Resources
Wetland /401 Unit
1650 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.
Mail Code: 9T25
Atlanta, GA 30303 -8960
Sincerely,
Eric C. Alsmeyer
Acting Chief, Raleigh Regulatory
Field Office
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