Credit Release Task 1,7 - DoubleRock.docx

ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHAM E. ROGERS, JR.
Director
NORTH CAROLINA
Environmental Quality
November 17, 2022
John Hutton DWR Project #: 2020-1095
Wildlands Holdings VI, LLC Alexander County
(via electronic mail: [e-mail] )
Re: Wildlands Catawba Umbrella Mitigation Banking Instrument (UMBI)
Double Rock Bank Parcel Credit Release — Tasks I & 7
Dear Mr. Hutton:
On April 25, 2022, the Division of Water Resources (DWR) approved a Buffer Mitigation Plan
(Plan) for the above -referenced site under the terms and conditions of the Wildlands Holdings VI,
LLC (Wildlands) Catawba Umbrella Mitigation Banking Instrument (UMBI) to establish a buffer
mitigation bank. On July 25, 2022, the US Army Corps of Engineers issued a Notice of Intent to
Approve the Double Rock Stream Mitigation Plan.
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.
Lastly, DWR received a performance bond (# 107688094) 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.
In accordance with the UMBI, signed on September 12, 2022, the following Project Milestones have
been met and the corresponding credits shall be released:
Task/Milestones Credit
1) Instrument and Buffer Mitigation Plan Approved by DWR, 20%
Draft Stream Mitigation Plan Approved by the IRT, Conservation Easement
Recorded & 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

Double Rock Site
Wildlands
November 17, 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 buffer restoration and buffer preservation credits (025 x 340,352 ft2 = 85,088 ft2 )
Please note that these riparian buffer credits can be provided to offset permitted impacts along
the Catawba River mainstem below Lake James and along mainstem lakes from and including
Lake James to the North Carolina and South Carolina border in the Catawba 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 Double Rock Mitigation Bank. Upon receiving this correspondence, please submit
one (1) credit ledger to DWR reflecting the available credits released for each mitigation type (Buffer
Mitigation). Buffer Restoration and Buffer Preservation credits generated with this credit release
will be combined on one ledger and do not need to be differentiated.
Please feel free to call me at [phone] if you have any questions regarding this
correspondence.
Sincerely,
EDocuSigned by:
A43C72700BD543E...
Katie Merritt
401 & Buffer Permitting Branch
cc:File Copy (Katie Merritt)
Camden Brunick (Wildlands) — via electronic mail
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