20150636 Ver 1_Final Credit Release & Closeout – Neville Phase II_20221108

Strickland, Bev
From: Merritt, Katie
Sent: Tuesday, November 8, 2022 5:07 PM
To: Baker, Caroline D
Subject: FW: Final Credit Release - Neville Phase II
Attachments: Neville Phase II FINAL Draft.docx.pdf
File email thread below with the attachment. Title the file "Final Credit Release & Closeout — Neville Phase II"
From: Merritt, Katie
Sent: Tuesday, November 8, 2022 5:05 PM
To: mherrmann <[e-mail]>
Cc: Pjetraj, Michael <[e-mail]>
Subject: Final Credit Release - Neville Phase II
Hey Mike,
Your final credit release letter for the Neville Farm Phase II site is attached. Please forward this information to your
contact with Unique Places to Save and make sure to CC me on that correspondence.
Thank you for your patience,
Katie
Katie Merritt
Nutrient Offset & Buffer Banking Coordinator
401 & Buffer Permitting Unit
North Carolina Department of Environmental Quality
Office: 919-707-3637
Work Cell: 919-500-0683
Website: https://deq.nc.gov/about/divisions/water-resources/water-quality-permitting/401-buffer-permitting-branch
512 N. Salisbury Street, Raleigh, NC 27620
1617 Mail Service Center, Raleigh, NC 27699-1617
Email correspondence to and from this address is subject to the
North Carolina Public Records Law and may be disclosed to third parties.
1

DocuSign Envelope ID: 8870CA1 B-7FC3-48F1-B485-4F12EBC89823
ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHARD E. ROGERS, JR.
Director
Mike Hermann
Watershed Investments NC, LLC
1630 Weatherford Circle
Raleigh, NC 27604
NORTH CAROLINA
Environmental Quality
November 8, 2022
DWQ Project #: 2015-0636
Orange County
Re: Neville Farms Mitigation Bank Instrument (MBI)
Neville Farms Phase II Bank Parcel Credit Release — Task 9 FINAL RELEASE &
MONITORING CLOSEOUT
Dear Mr. Hermann:
On September 29, 2022, the Division of Water Resources (DWR) received a Year 6 Monitoring
Report from Watershed Investments NC, LLC (WINC) for Phase I and Phase II sites of the Neville
Farms Mitigation Site. Vegetation data for Phase II was submitted with the report and indicated all
monitoring plots met the final performance criteria. Additionally, stem height data submitted with
the report for Phase II was satisfactory with no encroachment within the conservation easement
observed. Based on the review of the data submitted with the Year 6 Monitoring Report along with
onsite evaluations performed in previous monitoring years, Katie Merritt with the DWR, supports
closing out the Phase II site for any further monitoring and maintenance of the riparian vegetation
and conservation easement. According to DWR files, the Grantee of the Phase II site conservation
easement is Unique Places to Save (UPS).
By copy of this letter, the monitoring requirements at the subject Site have been met and DWR is
releasing WINC from its financial assurance obligations under Performance Bond # CE00155800021
with Philadelphia Indemnity Insurance Company.
According to the MBI signed on January 7, 2016, the following Project Milestones for Phase II have
been fully met, and the corresponding credits shall be released:
Task/Milestones Credit
9) Monitoring Report #5: Approved by the DWR and final site visit by DWR 5%
has been conducted (final)
GDE
NORTH C OLI JA '
omm mr� ep..of o�.i
North Carolina Department of Environmental Quality I Division of Water Resources
512 North Salisbury Street 11611 Mail Service Center I Raleigh, North Carolina 27699-1611
919.707.9000

DocuSign Envelope ID: 8870CA1 B-7FC3-48F1-B485-4F12EBC89823
Neville Farms Phase II
Watershed Investments NC, LLC
November 8, 2022
By copy of this correspondence, DWR confirms that you have fully satisfied the above requirements
for the above -referenced tract. Therefore, 5% of your Jordan Lake riparian buffer Preservation
credits (0.05 x 2,330.50 ft2 =116.53 ft2) are now available to sell. Additionally, 5% of your Jordan
Lake riparian buffer Restoration credits (0.05 x 55,321.20 ft2 = 2,766.06 ft2) are now available to
sell. With this correspondence, 100% of the site's approved buffer mitigation credits have been
released according to the approved credit release schedule in the Neville Farms MBI.
The riparian buffer Preservation and Restoration credits must be used for authorized impacts
in the Upper New Hope Sub -watershed according to guidelines in the Consolidated Buffer
Mitigation Rule, 15A NCAC 02B .0295, which became effective on November 1, 2015.
Please feel free to call Katie Merritt at [phone] if you have any questions regarding this
correspondence.
Sincerely,
DocuSigned by:
Et;4144t Pq y
32BDA3BFE0074C5...
Michael Pjetraj, Acting Supervisor
401 and Buffer Permitting Branch
MP/km
cc: File Copy (Katie Merritt)
Michael Scisco — Unique Places to Save ([e-mail] )
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