Credit Release Task 6 - thoroughfare.docx

ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHARb E. ROGERS, JR.
Director
NORTH CAROLINA
Environmental Quality
January 19, 2023
Wildlands Holdings III, LLC DWR Project #: 2019-0044v2
Attn: Shawn Wilkerson Wayne County
(via electronic mail: swilkerson&wildlandseng.com )
Re: Thoroughfare Swamp Neuse Buffer & Nutrient Offset Mitigation Banking Instrument
Thoroughfare Swamp Bank Parcel Credit Release — Task 6
Dear Mr. Wilkerson:
On September 20, 2022, the Division of Water Resources (DWR) received a Year 3 Monitoring
Report from Wildlands Holdings III, LLC (Wildlands) for the Thoroughfare Swamp site. Overall,
site conditions appear to look good and no encroachment within the conservation easement areas was
observed.
DWR received a bond rider and continuation certificate for the performance bond (#107182449) in
the amount of $40,000 issued to Wildlands from Travelers Casualty and Surety Company of
America, to cover monitoring and maintenance at the subject site. The term of this bond ends with
DWR approval of the Year 4 Monitoring Report. Future credit releases will be dependent on both
the renewal of this performance bond and the annual monitoring reports.
In accordance with the MBI, signed on November 18, 2019 the following Project Milestones have
been met and the corresponding credits shall be released:
Task/Milestones Credit
6) Monitoring Report #3: Approved by the DWR & financial assurance renewed 10%
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract and the following credits are released:
10% of your Nitrogen nutrient offset credits (0.10 x 17,559.07 lb-N = 1,755.91 lb-N)
10% of your Neuse buffer Restoration credits (0.10 x 568,266 ft2 = 56,826.60 ft2)
10% of your Neuse buffer Preservation credits (0.10 x 755 ft2 = 75.5 f(2)
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

Thoroughfare Swamp Site
Wildlands
January 19, 2023
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 feel free to call Katie Merritt at [phone] if you have any questions regarding this
correspondence.
Sincerely,
DocuSignedNAby::
-Wlm_ ;
A43C72700BD543E...
Katie Merritt
401 & Buffer Permitting Branch
cc:File Copy (Katie Merritt)
Camden Brunick - Wildlands (via electronic mail)
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