2016-01986 Polecat Year 5 Monitoring Credit Release

DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
69 DARLINGTON AVENUE
WILMINGTON, NORTH CAROLINA 28403-1343
January 30, 2023
Regulatory Division
Action ID No. SAW-2016-01986
Re: Year 5 Monitoring Report Review and Credit Release associated with Neu -Con
Umbrella Mitigation Bank, Polecat Stream Mitigation Site
Ms. Katie Obenauf
EBX-Neuse, LLC
3600 Glenwood Avenue, Suite 100
Raleigh, North Carolina 27612
Dear Ms. Obenauf:
This correspondence is in reference to the Neu -Con Umbrella Mitigation Bank,
Polecat Stream Mitigation Site located in eastern North Carolina. Specifically, the site is
located near the intersection of Mallard Road and Hill Road, Smithfield, Johnston County,
North Carolina, within the Polecat Branch watershed of the Upper Neuse Cataloging Unit
(03020201). The purpose of this letter is to transmit comments provided by the NC
Interagency Review Team (NCIRT) during the review of the monitoring report (see
attached) and to confirm the Year 5 credit release for this mitigation site.
Pursuant to the Mitigation Banking Instrument (UMBI) entitled, Neu -Con Umbrella
Wetland Mitigation and Stream Restoration Bank, approved April 2, 2001 and amended
April 10, 2009; the site -specific Polecat Final Mitigation Plan dated July 2017 and
approved September 15, 2017; and the Polecat Stream Mitigation Site Year 5 Monitoring
Report dated November 2022, 10 percent of the mitigation site's total restoration and
enhancement credits shall be available for sale provided the Year 5 Monitoring Report
demonstrates interim performance standards are being met.
Based on a review of the data provided for the stream restoration and enhancement
on the site, we confirm that you have satisfied the above requirements for the Year 5
Monitoring credit release, and 656.70 stream mitigation units (SMUs) are now available
for sale. To date, 5,581.95 SMUs (85 percent of the total restoration and enhancement
credits) have been released for sale.

Please review the comments provided by the NCIRT during their review of the
monitoring report. While it is not necessary to provide a response to specific comments
at this time, please be sure to address the issues raised in future monitoring report
submittals.
Thank you for your interest in restoring and protecting waters of the United States. If
you have questions regarding this letter, please contact Casey Haywood at
casey.m.haywood(a�usace.army.mil or telephone [phone].
Sincerely,
Todd Tugwell
Chief, Mitigation Branch
Regulatory Division
Electronic Copies Furnished:
NCIRT Distribution List