Credit Release Task 1,7 - LRW.docx

ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHAM E. ROGERS, JR.
Director
NORTH CAROLINA
Environmental Quality
November 3, 2022
John Hutton DWR Project #: 2020-194lv2
Wildlands Holdings III, LLC Wayne County
(via electronic mail: [e-mail] )
Re: Wildlands Neuse Umbrella Mitigation Banking Instrument (UMBI)
Little River Weaver Bank Parcel Credit Release — Tasks I & 7
Dear Mr. Hutton:
On June 10, 2022, the Division of Water Resources (DWR) approved a Bank Parcel Development
Package (BPDP) for the above -referenced site under the terms and conditions of the Wildlands
Holdings III, LLC (Wildlands) Wildlands Neuse Umbrella Mitigation Banking Instrument (UMBI)
to establish a nutrient offset and buffer mitigation bank. DWR received a performance bond
(#107612652) issued to Wildlands from Travelers Casualty and Surety Company of America, in the
amount of $150,000, to cover performance obligations for the construction of the subject site. The
term of this bond will remain in effect until DWR has provided a written approval of the As -Built
Report.
Lastly, on October 11, 2022, the DWR received recorded conservation easements and corresponding
plats for the subject site. Wildlands provided confirmation that the conservation easements for the
subject site have been successfully assigned to Unique Places to Save (UPS). UPS is a 501(c)(3)
non-profit corporation and has been approved by DWR as a long-term steward for this mitigation
bank.
In accordance with the UMBI, signed on June 10, 2022, the following Project Milestones have been
met and the corresponding credits shall be released:
Task/Milestones Credit
1) UMBI and BPDP Approved by DWR, Conservation Easement Recorded, 20%
& Financial Assurance Posted
7) Item B (1) of Section X in the UMBI (assign the easement 5%
to stewardship) has been completed and approved by DWR
TOTAL: 25%
North Carolina Department of Environmental Quality I Division of Water Resources
512 North Salisbury Street 1 1611 Mail Service Center I Raleigh, North Carolina 27699-1611
NOR1H CAROL Na 919.707.9000

Little River Weaver Site
Wildlands
November 3, 2022
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract and therefore, the following credits are being released and are now
available to sell:
• 25% of the Neuse buffer Restoration credits (025 x 314,652 ft2 = 78,663 ft2)
• 25% of the Neuse buffer Preservation credits (025 x 1,436.436 ft2 = 359.109 ft2)
• 25% of the Nitrogen nutrient offset credits (025 x 58,069.583 lb-N = 14,517.396 lb-N)
Please note that nutrient offset credits generated at this site must be used for impacts in HUC
03020201 of the Neuse River Basin excluding the Falls Lake Watershed pursuant to 15A NCAC
02B .0703, which became effective on April 1, 2020. Additionally, the riparian buffer credits
must be used for impacts in the Neuse River Basin in accordance with guidelines in the
Consolidated Buffer Mitigation Rule, 15A NCAC 02B .0295, which became effective on
November 1, 2015
Please use the Credit Ledger Templates provided in the approved UMBI to track and report credit
availability for the Little River Weaver Mitigation Bank. Upon receiving this correspondence, please
submit three (3) credit ledgers to DWR reflecting the available credits released for each mitigation
type (Buffer Restoration, Buffer Preservation, Nitrogen Nutrient Offset).
Please feel free to call me at [phone] if you have any questions regarding this
correspondence.
Sincerely,
DocuSigned by:
A43C72700BD543E...
Katie Merritt
401 & Buffer Permitting Branch
cc:File Copy (Katie Merritt)
Camden Brunick (Wildlands) — via electronic mail
Page 2 of 2