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HomeMy WebLinkAbout20150072 Ver 1_Emails_20150312 (2)Steenhuis, Joanne From: Steenhuis, Joanne Sent: Thursday, March 12, 2015 11:48 AM To: 'Jason Houston' Cc: 'Greer, Emily C SAW' Subject: RE: Reserve on Island Creek http: / /www.ncdot.gov /doh /operations /dp chief eng /roadside /fieldops /downloads/ Jason, I have copied the DOT website that has a BMP manual down at the bottom of the list in section 4.2 it discusses install pipes in streams. I need to know the width of the stream vs the size of the pipe. If the pipe is wider that the stream you may need to have a baffle installed in the pipe in order for the stream to remain at the same width it is now and the second pipe be installed higher to accept the flood waters. The drawings that you have in the application has them at the same elevation and we have had issues with this in the past. - - - -- Original Message---- - From: Jason Houston [mailto:ihouston(@bizec.rr.com] Sent: Thursday, March 12, 2015 11:24 AM To: Steenhuis, Joanne Subject: Reserve on Island Creek Joanne, What I had in the file didn't show the information that I thought it did.... So I am getting in touch with the Owners and having them send me that info. Hopefully I will get that to you today. Thanks. Jason Houston, PE Parker & Associates, Inc Jacksonville NC, 28540 Firm License Number F -0108 910 - 455 -2414 - Office 910 - 455 -3441 - Fax 1 LIMITED LIABILITY COMPANY PR STING AGRFFNIFN'.[,' 01" IC3 Patmers, LL C, A North Carolia Lit-rdted Liability C ornpany Dateo as of Septernber. 3, 2014 LIMITED LIABILITY COMPANY OPERATING AGREEMENT This Operating Agreement (the "Agreement") is made and entered into and effective as of This 3rd day of September, 2014, by and among A. Sydes Construction, Inc., a North Carolina corporation, (hereinafter referred to as "Member A"), Parks Family Forestry, 1.1,C, a North Carolina limited liability company (hercinafter referred to as "Member B"), Coleman Parks (hereinafter referred to as "Member C" and with Members A, 13, and C hereinafter refien-ed to collectively as the "Meinbers") and IC3 Partners, LLC, a North Carolina Limited Liability Company {hereinafter referred to as the 'TLC"). WHEREAS, the LLC was formed under the laws of the State of North Carolina by the filing of its Articles of Organization filed on June 2, 20114 with the North Carolina Secretary of State (hereinafter referred to as "Articles of Organization"); and WHEREAS, the Members desire to adopt this Agreement to set forth their respective rights, duties, and responsibilities with respect to (lie LLC and its business and allairs; NOW, UIERE-'FORE, In consideration of the covenants and the promises made herein, the parties hereby agree as follows: 1.1 "Agreement" means this Limited Liability Company Operating Agreement, as may be amended from time to titne. 1.2 "'Articles of Organization" mean-, the Articles of Organization which were Filed on June 2, 2014 with the North Carolina Secretary of State f(-)I- the PUIP08C of florniing this LLC. 1.3 "Code"' reams the Internal Revenue Code of1986, as amended. 1.4 "Capital Account"' means the arriount of' a Member's Capital Contribution, as adjusted, including but not limited to increases due to profits or additional contributions and decreases due to losses and distributions. 1.5 "Capital Contribution" means any contribution of capital to the LLC, including but not limited to cash, property, and other tangible and intangible assets by an Member, whenever made. This term also includes "Development Contributions" as required pursuant to the Development Agreement, 6 "Financial Interest" means a right to share in the profits, losses, incomes, expenses, or other monetary items and to receive distributions and allocations from the LLC but does not include any Capital Contributions or any rights to as return of Capital Contributions. 13 "LLC" mean,, IC3 Partners, LLC, a North Carolina Limited Liability Company formed under [lie laws of the State of North Carolina. 1.8 "Membership Interest" incans an ownership interest in the LLC, which includes the Financial Interest, the right to vote, tile right to participate in manageancrit, and the right to obtain information concerning the LLC and any other rights granted to a Member tinder the Articles of Organization or this Agreement. 1.9 "Member" means any person or entity who owns any interest in this LLC, is a party to this agrecinent, and is accepted as a Mernber pursuant to this Agreement but. does not include any person who holds only a Financial Interest as a result of an involuntary transfer or assignment or a transfer or assignment in violation of this Agreement. 1610 "Property" means any and all assets, in whole or in part, of the LLC, both tangible and intangible. 1. 11 "St, atate" means the North Carolina Limited Liability Company Act, as amended. 1.12 "Development Agreement" means the Development Agreement executed as of September 3, 2014, by the Members of the LLC and the Company regarding the development of the project known as the Reserve at Island Creek. SECTION 2: FORMATION 2.1 Formation of the UC. The LLC was formed pursuant to the laws of the State of North Carolina by filing the Articles of Organivation with the North Carolina Secretary of State, 2.2 Naipe..The name of the LLC' is "IC3 Partners, LLC," The Members shall Operate the business, of the LLC , Under Such narne or use such other names its the Members deem necessary provided that such names do not violate, the statute. 2.3 Principal Office. The LLC's principal place of business will be located at 100 Carolina. Plantations Boulevard, Jacksonville, NC 28546 or any other location as determined by the Members. If the principal office is located outside the state of organization, and the LLC has one or more b-Lisiness offices in the state of organization, the Members shall fix and designate a principal business office in tho state of organization. Branch or subordinate offices may he established at any time and at any place as the Members may determine. 3 2A 1--erm. The LLC will continue to exist -until terminated or dissolved in. accordance with it.,-,, Articles of' Organization or this Agreement, 2.5 Business Purp-qse. The purpose of the LLC is to engage in any lawful activities for which an ILCI may be organized under the Statute. 2.6 Re )-isterqt . The LLC's registered agent will be Charles & Lanier, or ally other L— -Agerut person or entity with an office in the state of organization aas determined by the Membel-s. 2.7 Registered Office.. The LLC"s registered office will be the office of [lie registered ,agent located at 114 Old Bridge Street, Jacksonville, NC 28540 or any Wher location within the state of organization as determined by the Members. SECTION 3: MEMBERSHIP 3.1 Initial Members. The initial Members of the LLC are those persons or entities set forth in this Agreement. 3.2 Additional Members. Additional persons or entities may be admitted to the LLC as Members, and Membership hiterests may be issued to those additional Members, subject to and pursuant to the terms and conditions of this Agreement and the Developi-rient Agreement. All new Members must sign a copy of t1lis Agreement and agree to be bound by file terms hereof. 3.3 Liabi.lity-(o Third Parties. No Member shall be liable for [lie debts, obligations, or liabilities of the LLC to a third patty unless the Member agrees lit writing to be liable. 3.4 Authority. MembeN have the authority and power to act for or on behalf` of, to bind, or to incur any liability on behall'of the TIC as provided in this Agreement. 3.5 Wilh.drawal. No Member has the right to withdraw from the LLC as a Member except as pro-vided in this Agreement. However, a Member has the power to withdraw but such withdrawal shall be deemed a breach of this Agreement. If a Member does exercise such power of withdrawal in breach of this Agreement, the Member shall be liable to the LLC and the other Members for all monetary daniages as a result of the breach, including but not limited to direct, indirect, incidental, and consequential darnages. 'I'lic LLC and the other Members shall not have the right to prevent the withdrawing Member front withdrawing through the use of' an injunction 01• otherwise: 3.6 Compeginssatiaonayo Member shall receive compensation for set-vices rendered to the LLC except as expressly permitted by this Agreement, the Development Agreement, Ifl or any other written agreentent, However, the LLC shall reirtiburse Members for any expense paid by them that is property an expense of the LLC and not specifically covered by the Development Agreement, SECTtON 4- CAi,,rrAL ACCOUNTS 4,1 Initial Contributions, The initial Members shall contribute to the LLC the JbIlowing initial Capital Contributions and shall receive the following Membership Interest: Name Contribution Membership Interest A. '--,'ydes Construction, Inc. larks Family Forestry, LLC Intangible Rights and Advance of Development Contribution on Favorable Terms Valued at $4,99�19..001 Intangible Rights and Sale of Land on Favorable Terms to The Company, valued at $33,333.{0 49.999% 33.333% Coleman Park,,.; Intangible Rights and Advance 16.668% of Development Contribution on Favorable Terms Valued at Q 4.2 Additional ContributiODS. Except as specifically set forth in this Agreement and the Development Agreement, no Member shall be required to make any additional Capital Contributions, 4.3 Failure to Contribute. If a Member fails to timely provide a required Capital Contribution as provided in the Development Agreement, the LLC or the remaining Members may take such action as it deems necessary and appropriate including but not limited to invoking the rernainijig Members' rights pursuant to Section 3.7 of the Development Agreement, and/or instituting a court proceeding to enforce tile terms of the Developnient Agreement, 4.4 Capital Accounts. A Capital Account (hereinafter referred to as "Capital Account") shall be established and maintained for each Member. Each Member's Capital Account will be accounted for separately and will be maimained in accordance with generally accepted accounting principles. However, a Member who has more than one Membership Interest shall have only one Capita.1 Account that reflects all of that Member's Membership Interests. If a Member validly transfers his or her Membership Interest, the Capital Account of the transfiCITHIR itylernber shall carry over to the W transferee Member in accordance with the Code, subject to [lie rights of a Development Defaulting Party pursuant to Section 3.7 of the Development Agreement, No new Membership Interests shall be issued for Capital Contribu Li oils by the Menibers, unless such Membership Interests tire transferred purstiant to Section 3.7 of the Development Agreement. and in such case the Mcinbelship Interests of the non - defaulting Members shall increase proportionately, 4.5 A(ijustilients to C'a ital Accounts. Each Men-tber's Capital Account shall be adjusted as follows except for the contributions mandated by the Development Agreement: (a) Increases, Each Member's Capital Account shall be increased by-, (1) capital contributions of'cash and/or property at its agreed upon lair market value; and (2) all items of LLC incon-le and gain (including income and gain exempt fi•oin tax) CWet Profits') allocated to each Member. (b) Decreases, Each Member's Capital Account shall be decreased by: (1) distributions of cash and/or property at its agreed upon fair market value; and (2) all itenis of LLC deduction and loss (including deductions and loss exempt from tax) ('�Nct Losses") allocated to ea(;h Member. 4.6 Loans by Meunbprs, Members may, at any finte, loan ri-ioneys to the LLC. A loan from the Member to the UC shall bear interest at the prevailing interest rate. Ail loan is not a Capital Contribution and shall not be credited to the Capital AccOUnt, Of the lending Member or entitle such lending Member to any increases in such Member's share of'the profits or the distributions of the LLC or stiViect, the Mcnibcr to any greater proportion of the losses which the Ll,C' illay sustain. Development Contributions as provided in the Development Agreement shall not be considered as loan tinder this provision. SECTION 5: ALLOCAXION OF PROFITS, LOSSES AND DISTRIBUTIONS 5.1 Determination of Net Profits and Net Losses. Net Profits aand Not Losses shall mean net income and net loss as determined by the books and records of the LLC' which shall be kept in accordance with generally accepted accounting principles and the Code. 52 Allocations., Except as provided in the Code, all items of income, revenues, deductions, gain, and loss shall be allocated pro rata in accordance with a Member's Membership Interest. 6 53 Qtralilied Tqcome Offset. Notwi [list and i ng [he above, it' a Member unexpectedly receives any adjustments, allocations, or distributions described in Treasury Regulations § 1.704-1(b)(2)(iii)(d)(4), (5) or (6) or any ainendment thereto, or receives an allocation of loss -which produces a negative capital account for any Member while any other Member has a positive capital account, then items of LLC income shall. be specially allocated to such Member until the deficit Capital Account is eliminated, 'Fhis paragraph is intended to constitute a "qualified income offset" within the meaning of Treasury Regulation § 1.704-1 (b)(2)(ii)(d). 5.4 Mininium Gain Charg.c.4ack, Notwithstanding the above, if there is a net decrease in LLC "mininium gain" during a taxable year, each Member shall be specially allocated, before any other allocation, items of income and gain for such taxable year (and, if necessary, subsequent years) in proportion to each Member's share of the net decrease in LLC "minimum gain" as determined in accordance with 'Treasury Regulation § 1.704-2(0(2). This paragraph is intended to comply with the "minim urn gain chargeback" provisions of 1'rea,,Ljry Regulation § 1.704-2(f), 5.5 Section 704(e) Allocation. Notivithstanding the above, to the extent that Code § 704(c) is applicable to any item of income, gain,, loss, and deduction with respect to any property (other than cash) that has been contributed by a Member and which is required to be allocated to such Member for income tax purposes, the item shall be allocated to such Member in accordance with Code § 704(c), 5.6 Distributions. Distribution of LLC assets and property shall be -ade at such times and in such an-tounts as the Members determine SUbjeCt to any restrictions in this Agreement and pursuant to the terms and conditions of the Development Agreement, Distributions shall be made as provided in the Development Agreement among the Members in proportion to the Member's Mernbcrship Interests. SECTION 6: MANAGEMENT 6.1 Managemcni. 'Fhe LLC, shall be managed by the Members who shall be responsible for the nianagement or the LLC's business and affairs. 0.2 Place of Nlen-ibpr Meetings. Meetings of Members shall be held at the princ-ipal office of f he LLC or at any place withi-n Onslow or Pender Counties, North Carolina as may be agreed upon by the Members. 6.3 Annual Member Meeting-. An annual meeting of Members shall be held u on. notice --l—I .......... p in January of each year at the LLC 's principal office. 6.4 2Sp qjjj Member MeeCti1gs. A special meeting of the Members may be called at any time by one or more Members holding Membership Interests which, in the aggregate, constitute not less than ten percent (10%) of tile Membership Interests. A request for a special meeting of the Members shall be in writing, specifying the time, and place of the meeting, and the general nattirc of the btisiness proposed to be. tran&acted. The notice shall be delivered in accordance with paragraphs 6.5 and 6.6 below, 6.5 Notice of Members' Meetings. All notice,,; ot'niectings of Members shall be sent or otherwise grveia in accordance with. paragraph 6.6 below and not less than ten (10) nor more than sixty (60) (lays. before the date of the; meeting being noticed. The notice shall specify the place, date, and hour of the meeting, and (a) in tile case of a special meeting, the general nature of the business to be ttawqicted, or (b) in the case of (lie, annual meeting, those matters which are intended to be presented 1`6r action: by the Members. If a proposal contains (i) a contract or transaction in wbich a Member has a direct or indirect financial interest, (ii) an amendment of the Articles of Organization, (iii) a reorganization of the LLC, or (iv) a voluntary dissolution of the LLC, the notice shall state the general nature of such proposal. 6.6 Manner of Giving Notice Affidavit of Notice. Notice of any meeting of Members shall be given either personally, by first class mail, facsimile, telegraphic, or other written conimLinication, charges prepaid, addressed to each Member at the address of each Member appearing can the books of' the LLC or more recently given by tile Member to the LLC liar the purpose of notice, Notice shall be deemed to have been given at the time when delivered personally, deposited in the mail, or sent by facsimile, telegrain, or other means of written communication, It' any notice addressed to a Member at the address of stich Member appearing on the book,, of` the LLC is returned to the LLC by the United States Postal Service marked to indicate that the United States Postal Scivice is unable to deliver the notice to the Member at such address, all future notices or reports shalt be deerned to have been duly given without further mailing if the saine shall be available to the Member -upon -Vvritten demand of the Member at the principal office of the LI.0 for a period of one (1) year flom the date of the giving of such notice, An of davit of the mailing or other means of giving any notice of any Members' meeting shall be MCUtcd by the Member giving sueli notice, and shall be filed and - maintained in the books and records of the LLC. 6.7 -Conduct of Member MectiMs. All meetings of the Members shall be presided over by the chairman of the niectingwho shall be designated by a majority of the Members at the meeting. The chairman of the meeting shall determine the order of business and [lie procedures to be followed at the meeting. 6.8 Member Quorum. The presence, in person or by proxy, of the holder(s) of an aggregate of fifty-one percent (51%) or more of the Membership Interests, of which must include Member B whether in person or by proxy, shall constitute a qUorL1m at all meetings of the Mcinbers for the transaction of business. 6.9 Member- -Voting, Each Member shall have a number of votes equal to the percentage Menibersliip Interest held by such Member. However, if a Member is not entitled to vote on a specific. matter, then such Member's number of votes and Membership Interest shall not be considered lbr put-poses or determining whether a quortan is present, or whether approval by vote oft'he Members has been obtained, 10 with respect to such specific matter. An aggregate of fifty-one percent (51%) or more of the Membership Interests, including Member B, shall, be required to approve any action, unless as greater or lesser vote is required pursuant to this Agreement, the Development Agreement, or by Statute, 6.1 tl Adjourned Member Meeling_!qrid Notice Thereof. Any Menibers'niecting, annual or special, regardless ol'whether as quoruni is present, may be adjourned from tirno, to time by the vote of a majority of the Membership Interests represented at Such meeting, either in person or by proxy, but in the absence of a quorurn, no other business may be transacted at such ineeting. When any meeting of Members, either aniival or special, is adjourned to another time and place, notice need not be given of the adjourned meeting if the time and place thereof are announced at (lie triecting at which the ad�journrncnt is taken, unless a new record date for the adjourned meeting is fixed, or -unless the adjournment is for more than live (5) days from the (late set for the original inecting, in which case the Members shall set a new recoi-d date. Notice. of array such adjourned meeting, if'reqUired, shall be given to each Member entitled to vote at the adjourned meeting in accordance with paragraphs 6.5 and 6.6 'above. At ally adjourned nicding, [lie LLC may transact any business which might have been transacted at the original meeting. 6.11 Waiver of Notice or Consent by Absent Mcnib ' ers -.The transactions or any meeting of' Members, either annual or special, however called and noticed, and whenever held, shall be as valid as if it had OCCUrred at a meeting duly held after regular call and notice, if a quoruni be present eithei, in person or by proxy, and if, either before or after tile meeting, each person entitled to vote but not present in person or by proxy, signs a written waiver of notice, a consent to the holding of the meeting, or any approval of the minutes thereof The waiver of notice or consent shall state either the business to be Liansacted or tile purpose of any annual or special meeting of Members. All such waivers, consents and approvals shall be filed with the LIX"s books and records. Attendance of a person at a meeting shall constitute a waiver of notice of such meeting, unless such person objects at the beginning of the meeting, 6.12 Member Action-by Written Consent without, a Meeting. Any action which may be taken at any annual or special meeting of Members may be taken without a meeting and without prior notice, if consent in writing, setting forth the action so taken, are signed by Members holding Membership Interests representing the aggregate number of votes equal to or greater than the minimum number of votes that would be necessary to authmize or take such action at as meeting at which all Membership Interests entitled to vote thereon. were present and voted. All such consents shall be filed with the LLC's books and records. 6.13 Proxies, Every Member entitled to vote shall have the right to do so either in person or by one or more agents authorized by a written proxy signed by the Member and filed with the LLC- A proxy shall be revocable unless the proxy specifically states that it is irrevocable. 9 6. l4 Voting, Tnists. If any Member files a voting trust agreement with the LLC, the LLC shall take notice of its terms and ti-Listee limitations. 6.15 Powers. '11ic Members have general supervision, direction, and control of the business of the LLC. In addition, subject to the provisions of the 'Statute, any limitations in the Articles of Organization, the Development Agreement and this Agreement relating to actions requiring approval by all of the Members, the Member-, inay make all decisions and take all actions on befialfol'the LLC not otherwise provided fir in this Agreement including but not I j in ited to the following: (a) select and remove all officers, agents, and employees of the LLC; preset -ibe ally powers and duties for the Officers that are consistent with law, with the Articles of Organization, acrd with this Agreement; fix the Officers' compensation; and require ftoii-i the Officers security for faithRil service; (b) change the principal business office from one location to another; qLialify the LLC to do business in any State, territory, dependency, or country; conduct business within or outside the United States; and designate any place within the United States 16r the holding of any Mernbers'or Managers' meetings; (c) borrow money and incur indebtedness on behalf of the LL.C, and cause to be executed and delivered for the LLC's purposes, in the LLC natne, promissory notes, bonds, debentures, deeds of trust, mortgages, pledges, hypothecations, and other evidctices of debt and securities; (d) call a meeting, annual or special, of the Members at any time upon notilication as set forth in paragraphs 6.5 and 6.6 above; (e) enter into, make, and perlorm contracts and agreements which bind the LLC that are necessary and appropriate in. the ordinary course of business of the LLC; (f) open and maintain bank. and investment accotints and designate authorized persons to sign checks or drafts or give instructions concerning those accounts; (g) maintain the assets of the 1J,C; (h) collect surns due; and owing to the LLC; (i) pay the debts and obligations of the LLC; and/or 0) acquire, use, wid dispose of assets during the ordinary course of busine-ss; 6.16 Limitation on Powers. Except by the unanimous written agreement of the Members, a Member of the LLC shall not have the authority to: flul (a) enter into any agrecinctit, contract, or conimitnient on. behalf of the LLC which would obligate any Member to find additional capital, to guarantee- a loan or to increase a Member's personal liability either to the LLC or, to a third party- 3 (b) niaterially alter the business of the LLC;, deviate from any approved business plan of the LLC as set f'or(h in this Agreement, or per.16-ni any action. which NVOUld make it impossible to carry on the business of the LLC; (c) perform any action that is contrary to this Agreement; (d) place title to any LLC asset or property in the nanic of a nomince or sell, lease, pledge, hypothecate, or grant a security interest in any LLC' asset or property, except in the ordinary course of'business; (e) commingle LLC funds with (li✓ funds of any other person or enti(y,, (f) confess a-iiidgment against the IA..,C; (g) adinit, any person as a Member, except as otherwise provided in this Agrecincrit; (h) attenipt to dissolve the LLC; an&or (i) amend the terms and conditions of this Agreement or the Development Agreement. 6.17 Standard of (are; Liability, Fach Member shall exercise such powers and otherwise perfiorin such duties in good faith, in the rnatters, such Member believe,,,, to be in the best interests of the LLC, and with such care including reasonable Inquiry, Using ordinary pi-Lidence, as a person in as like position would use under similar circumstances. In performing the duties of a Member, as Member shall be entitled to rely on information, opinions, reports, or statertients, including financial statements and other financial data, in which case prepared or presented by: (a) one or more Officers or employees of the LLC who the Member believes to be reliable and competent in the inatters presented; (b) counsel, in accountants, or other persons as to niatters which the Member believes to be within such person's professional or expert competence; and/or (c) a Conritnittec upon which the Member clods not serve, as to matters within- its designated authority, which Coniunittee the Member believes to merit con-fidence, so long as in any such case, the Member acts in good faith, after reasonable inquiry when the need therefor is indicated by the circiinistances, and without knowledge that would cause such reliance to be unwan,arited, SECTION 7- TRANSFER AND ASSIGNAIENTOF LLC INTEIW4 STS 7. 1 Transfer or Assigtjjj�cpt cif Mcniber's Interest. Subject to the terms and conditions of this Agreement and the Development Agreement, any Member may transfer and/or assign, in whole or in part, his or her Membership Interest, only with the written consent of the other Members, Such consent not to be unreasonably withheld. 7.2 1-1cralitted'I'ransferecs, (a) D-onsfer• to Related Parfy. Fach Member shall be free to transfer, during his ljl'�:firne or by testamentary transfer, all or any portion of his Membership Unteresf, in the LLC to arty Related Party as hereinaller defined; but suGli transileree of said Membership Interest shall thereafter be bound by all of the provisions of this Agrect-nent and the Development Agreement, A "Related Patty" for purposes of this Agreement shall be a legal spouse or lineal decedents of a natural person or all Affiliate, An "Affiliate" shall mean with respect to any person, a person directly or indirectly controlling, controlled by, or under common control with such person, any person owning or controlling ten percent (10%) or more of file outstanding voting securities of such person; any officer, director, member, manager, or general partner of such person; or any person who is an officer, director, member, manager, general partner, trustee or holder or ten percent (1(l%) or more of the voting securities of ally person described previously in this paragraph. (b): Transji�rs to Menibers. A Member who fails to make the appropriate Contributions, as required pursuant to the Development Agreement shall be subject to the transfer of all and not less than all of their Membership Interests to another Member, pursuant to the terms of Development Agreement. Such a transfer shall be outside the terms of' this Agreement and the, transfer to another Member shall be expressly permitted upon such conditions as identified in Section 3.7 of tile Development Agreement. 7.3 Transfer to Outsiders. No Membership Interest shall be transferred, assigned, sold, pledged or otherwise disposed of voluntarily or involuntarily except as permitted under Section 7.2 and as except for transfers made in accordance with the following provisions: (a) OJfer to Company, 11' any Member intends to transfer his Membership Interest pursuant to a written, bona fide ofTer ("Third Party 017O-") to purchase all. or any portion of such Membership Interest, such Member (tile "Offeror") shall first submit to the LLC a written offer to sell such interest to the Company at the same price and upon the same terms of'payment as set forth in such Third Party Offer (the "First 011er"). The First OfTer shall be accompanied by a complete copy of' such Third Party OJI'er, including any exhibits or other dOCL1n1elltS referred 10 therein, and shall continue to be a binding offer to sell until expressly accepted or rejected by all officer or Member of the LLC acting pursuant to a resolution adopted by the holders of a majority of the outstanding Membership Interest entitled to vote oil (lie acceptance or rejection of such offer (exclusive of the interest hold by the Offexor or a 12 Related Party of the Offeror), includingIVICTliber B (so long as a non-selling Member), or until the expiration of a period of five (5) business days after the delivery of the First Offer to the LLC, whichever is earlier. Acceptance by the Company of the First Offer submitted by a Member P111-SUallt to this subparagraph (a) must relate to all of the Membership Interests so offered, and not merely rr part thereof, excef)( as provided in subparagraph (c) below. (b) Offer- to the other Alfembers, Upon ten-nination of' the over referred to in subparagraph (a) above, (lie Oftbror shall then submit to each of the other TvIembers a written offer to sell, at tile same price per Membership Interest and upon. the same terills of payment previously offered to the LLC (the "Second Offer"), trot less than all of the Membership Interests previously so offered, pro rata to cach such non-selling Members on the basis of the percentage of Metilbership Interest (lion owned by such non-selling Member, '['he Second Offer shall be accompanied by a complete copy of the Third Party Offer, including any exhibits or other documents referred to therein, and shall continue to be a binding offer to sell until expressly accepted or rejected i by the non- selling Members or until the expiration of five (5) business clays aftel, its dolivery to the non- selling Member, whichever time is earlier. 11' any such non-selling Member does not elect to pr rChase all of the Membership Interest offered to that non- selling Member, ally other non-selling Member may purchase all or any part of the unpurchased Membership Interests by giving to the Offeror written notice of election so to purchase not later than five (5) business days after the termination of the Second Offer to tile non-selling Members who did not elect to purchase all such Membership Interests. If' more than one non-selling Member together elect to purchase; more than the UnpLorchased Membership Interests available, SUCh interests shall be allocated to those non- selling Members in proportion to (heir then respective Membership hiterests. (e) Purchase by ComXH�y and other Members. Notwithstanding any provision of subsections (a) and (b) above to the contrary, the Company and the non-selling Members (or any of them), by agreement with one another, may each bUy a Portion of the offered Membership Interest so long as all of the of[bred Membership Interests are purchased, This option shall expire at (lie same time ti-te Second Offer expires as set 16-th in subparagraph (b). (d) Subsequent lran# r. Upon the turniination of all such written offers and the five-day period provided in subsection (b), the Offleror shall, flor a period of ninety (90) days thereafter, be free to transCer all, arid not less than all, of' (lie ofibred Membership Interests that are not purchas,xl by the LLC or the Members to the person or pe=rsons upon the terms cif the appl i cab] e Third Party 0 f 1er, (e) Ti-ansferees, Any Transferees of any Membership Interest shall be bound by all of the restrictions and provisions of this Agreemelitand the Development Agreement. (f) Coqflicls. Any conflict between this Agreement and the Development Agreement with regard to the sale and forfeiture of Membership Interest, the terms, provisions and conditions of the Development Agreement sli all control. H SECTION 8: BOOKS AND RE CORDS 8.1 Maintenance of-1131-ook's and Records.- The Ll.(" shall establish and maintain appropriate books and records of the LLC' in accordance with generally accepted acco-witing principles. At the principal office ofthe IM and/or the registered office of the LLC, irdiffierent, the tbllom,ing LLC documents shall be kept: (a) a CLU'rent list of` the name and business or residence address of each Member and Iris or her Capital Contribution and Membership Interest; (b) as CLIFYCIA list of the iiarne and business or residence address of each Manager, if tiny; (c) a copy of the Articles of Organization and this Agreement and any amendments thereto; (d) copies of the LL.C's federal, state, and local income tax or information returns, if ally, fal° the past six fiscal years; (e) copies of Lhe financial statements of the LLC, if any, for the past six fiscal years; (f) originals or' copies Of all Minutes, actions by written consent, consents to "'Ictiori, and waivers of notice to Members, Member votes, actions and consents; and (g) any other information required to be niaintained by the LLC pursuant to the state of organization's LLC SUALAC. 8.2 Annuat Accounti'n'g.. Within -ninety (90) days after the close ol'eacfi fiscal year of the X" LI, (lie LLC shall cause to be prepared and submitted to each Member as balance sheet card income statement for the preceding fiscal year of the LLC (or portion thereof) in conformity with generally accepted accounting principles and provide to The Members all information necessary for them to complete federal and state tax returns. 8.3 hispection and Audit 1:69-lim Each Member has the right, upon reasonable request, for purposes reasonably related to the interest or that Member, to inspect and copy during normal business how's any of the LLC books and records. Such right may be exercised by the Member or his or her agent or attorney. Any Member inay require a revie�N, and/or audit of the books, records, and reports of the LLC. 8A Bank Accounts. All funds of the LLC shall be deposited in the LLC's name in such banks as determined by the Members. All checks, drafts, or other orders for payment of money, notes, or other evidences of indebtedness, issued in tile name of or payable to the LLCI, shall be signed or endorsed by such person or persons and in such niamer as, from time to time, shall be determined by the Members. 8.5 Fiscal Year,'Flic LLC's fiscal year shall end on December 31. 14 .Cr Accounting Method. For financial reporting purposes, the books and records of the LLC shall be kept on the cash (or accrual) method of accounting applied in a consistent manner arid shall reflect all transactions of the LLC and be appropriate and adequate for the purposes of the LLC. SECTION 9: TAXATION 9,1 Tax Year. The LLUs taxable year shall end on December 31. 9.2 Tax Matters Partner. A majority of Membership Interests at a meet' n g of the - Nlernbers shall appoint a Tax Matters Partner pursuant to Code § 6231 to represent the LLC. The Tax Matters Partner, on behalf of the LLC, shall oversee the LLC tax afrairs, in the overall best interests of the LLC and make all elections for federal income tax purposes. The Tax Matters Partner shall have all necessary federal and state income and information tax returns prepared and filed on behalf of the T.LC. The determination of the Tax Matters Partner as to adjustments to the financial reports, books, records, arid returns of the LLC, in the absence of fraud or gross negligence, shall be final and binding upon the LLC and all of the Members. SEC] ION 10: INDEMNIFICATION 10.1 Definitions: Agents, Proceed ingq,,,_, xpq _�jq�j L jsqs,, For the purposes of this Agreement, "Agent" mcans any person who is or was a Member•, Manager, Officer, employee, or other agent of this LLC; "Proceeding" means any threatened, pending or completed action or proceeding, whether civil, criminal, administrative, or investigative; and "Expenses" means any and all costs, fees, and expenses including but not limited to court costs and attorney's fees. 10.2 Actions Other 'Iban by the LLC. The LLC shall indernnify and hold harmless any person or- Agent who was or is a party, or is threatened to be made a party, to any Proceeding (other than an action by or in the right of this LLC) by reason of the fact that such person is or was an Agent of this LLC , against expenses, Judgments, fines, settlements, and other- arnftnts actually and reasonably incuri•ed in connection with such Proceeding, if' that person acted in good frith and in a manner that person reasonably believed to be in the best interests of this LLC, and, in the case of a criminal proceeding, had no reasonable cause to believe his or her conduct was unlawfid, The termination of any Proceeding by judgment, order, settlement, conviction, or upon a plea of"nolo conlendere or its equivalent shall not, ol'itself, create as presumption that the person did not act in good faith and in a manner which the person reasonably believed to be in the best interests of this LLC or that the person had reasonable cause to believe that his or her conduct was unlawfill. 10.3 Actions by the LL( l (a) LLC shall indemnify any person or Agent who was or is as party, or is threatened to be made a. party, to any threatened, pending, or completed action by or in the right or this LLC to procure a judgment in its favor by reason of the fact that the person is or 15 was an Agent of this LLC, against expenses actually and reasonably incurred by that persoii or Agent in connection with the defense or settlement of that action if that person or Agent acted in good faith, in a manner that person. or Agent believed to be in the best interests of this LLC, and with such care, including reasonable inquiry, as an ordinary prudent person in a like position would use under similar circumstances, (b) No indemnification, however, shall be made under this Section: (i) with respect to any claim, issue, or matter as to which that person or Agent shalt have been ad edged to be liable to this LLC in the performance. of that person's or Agent's duty to the T,I,C, unless the court in which that action was brought shall determine upon application that, the person or Agent is I'airly and reasonably entitled to indertinity for the expenses which the court shall determine; (ii) for ainounts paid in settling or otherwise disposing of a threatened or pending action, with or without court approval, or (iii) 1`61- expenses incurred in defending a threatened or pending action -which is settled or otherwise disposed ofivithout court approval. 10.4 Successful Defense by Azent. To the extent that an Agent of this LLC has been successftil on the merits in —defense of any Proceeding, the agent shall be indemnified against expenses actually and reasonably incurred by the Agent in connection with. the Proceeding. 10.5 Required Approwal. Any indemnification under this paragraph shall beinade. by the LLC only if authorised upon a determination by a majority -vote of the Membership Interests of Members, including Member B, who were not parties to the proceeding at a duly field meeting of the Members at which quorum is present. 10.6 Advance of _Expenses. Expenses incurred in del ending any proceeding may be advanced by the LLC before the final disposition of the Proceeding upon receipt of an undertaking by or on behalf of the Agent to repay the amount of the advance unless it shall be determined ultimately that the Agent is entitled to be indemnified. 10.7 Other Contraggal �Riht�s. Nothing contained in this paragraph shalt affect any right to indemnification to which Agents of this LLC or any subsidiary may be entitled by contract, by vote of the Members, as a matter of law or equity, or otherwise. 10.8 Insurance. The LLC may, upon a determination by the Members, purchase and maintain insurance on behalf of any Agent ol'tfie LLC against any liability which might be asserted against or incurred by the Agent in such capacity, or which might arise out of the Agent's status as such, regardless of whether the LLC Would have the power to inderm-tify the Agent against that liability. 10.9 Amendment to State of Lqw In the event that North Carolina's law regarding indenmification of members, managers, directors, officers, employees, and other agents of an LLC, as in effect at the tim-c of adoption of this Agreement, is subsequently amended in any way that increases the scope of permissible indemnification beyond that set forth herein, the indemnification authorized by'this 16 Section shall be deemed to be coextensive with the maxinMin alTorded by North Carolina's law as so amended. i M-5,111FIRM, 111"ITFITYMM 1.1 Issulailice of LLC 'Certifleates, Each Member's Membership Interest shall be represented by an LLC Certificate. I)pon the execution of this Agreement, the Menibers shall have the LLC issue one or more LLC Certificates in the warne of each Member certilyiiig fliat the name(] Member is the record holder of the Membership Interests. 11.2 'Fransfer. of LLC Certificates. A Membership Interest which is transferred in accordance with the terms of this Agreement and the Dcvelopnient Agreement shall Ire transferable on (lie books of the LI.C. However, the transfer of a Membership interest shall riot be entered until the previously issued LLC Certificate representing such Membership Interest is surrendered to the LLC aad canceled and it replacement LLC Certificate is issued to the assignee of such Membership Interest. 11.3 Lost, Stolen, or Destroyed 11'crti ficates. I'lie LLC shall issue a new LLC Certificate bi place of any LLC Certificate previously issued if the holder of the LLC' Certificate satisfactorily proves that a previously issued LLC Certificate has b€ml lost, destroyed, or stolen. If a Member fails to notify [lie IJ.0 within a reasonable tinie after it has notice of tile loss, destruction, or theft of an LLC Certificate, and a transfer of the Membership Interest represented by the LLC Certificate is registered before receiving such notification, the LLC shall have no liability with respect to any claim against the LLC' for such transfer or for anew LLC Certificate. SECTION 12: TERMINATION AND DISSOLUTION 12.1 Dissolution, The LLC shall be dissolved upon the occurrence of any; of the following events: (a) the expiration of the period fixed in the Articles of Organization; (b) the writtert consent of all of the Members; (c) the death, withdrawal, resig-natiOl1, expulsion, bankruptcy or diSSOILItiOn Of a Member, or the occurrence of any other event which terminates the Mernber's continued membership in the LLC, unless the business of the LLC' is continued by the consent of all of the remaining Membership Interests with-in ninety (90) days of the happening of that event. 12.2 Notice of Whid.ing.,Up. Upon the OCCUrreflee Of any Of the OVentS Specified above, the LLC shall execute and file. a Notice of Winding Up, if required, with the Secretary of State of the State of North Carolina. M 12.3 Condilef of Bus less. Upon the occurrence of any of the events specified above, a inaiority of the Members (excluding those Members who caused the dissolution event) shall appoint or more of the Members to act as liquidator and wind Lip all LLCI business and aftiiirs. However, the LL(, shall continue to exist until Articles of Dissolution have been filed with the Secretary of State of the State of North Carolina, or until a decree dissolving the LLC lias been entered by a court of' competent jurisdiction, 12.4 Distribution of Net Proceeds, Upon the occurrence of any of the events specified above and the coinpletion of Winding Up all L1..0 business and affairs, the assets of the LLC shall be promptly liquidated and distributed in the following order: (a) to the payment of creditors, excluding Members, in the order of priority as provided by law, (b) to the payrrient of loans made by the Members; and then (o) to the.M.embei:s, as set forth in the Development Agreement. Where the distribution consists both of cash and rioncash assets, the cash shall be distributed first, in descending order, to the above categories. With respect to the noneash assets, which distribution values are to be based on the fair market value of the noncash asset as deteri-wined in good faith by the liquidator, the liquidator may sell the none asli assets and distribute the cash proceeds or distribute the assets, in kind, in descending order, to the above categories. 12.5 Termination. 't'he LLC shall be terminated Upon the distribution of all assets. The Members shall cause flic LLC to file Articles Of Dissolution with the Secretary of State of the State of North Carolina or take any other actions necessary to terminate the LLC. SECTION 13: AIME NDME NTS 13.1 Arneudnients by Members. This Agreement inay only be adopted, amended, altered, or repealed by the vote or written consent of all of the Mernbership Interests at a meeting of the Members at which a quorum is present, SECTION 14: G.KNEAAL PROVISIONS 14.1 Entire .13p-reerneptWo-difi epti.on. This Agreernent and the Development Agreement contains the entire understanding of the parties with respect to the subject natter of the agreement, and it supersedes all prior understandings and agreements, whether written or oral, and all prior dealings of the parties 'vvitli respect to the Subject matter hereof, This Agreement, in whole or in part, cannot be changed, modified, extended, or discharged orally and no waiver of compliance with any provision or condition hereof` acrd uo consent provided for herein shall be effective unless evidenced by an instrument in writing duly executed by the party against whon-i enforcement of any on waiver, change, modification, extension, or discharge is sought. Further, no consent or waiver, express or implied, to or of any breach or default shall constitute a consent or waiver to or of any other breach. 142 Partition. Fach 'Member agrees that hQ or she has no right, and irrevocably waives any and all such rights, to have the assets of the LLC partitioned, or to file as complaint, or institute and maintain any proceeding at law or equity to have the assets of the LLC partitioned. 14.3 F-ut-the• Actions. 1.aach of the Members agrees to execute, acknowledge, and deliver SUch additional documents,, and take such further actions, as may reasonably be .required f)rom time to time to carry OUL earth of (lie provisions and [lie intent of(bis Agreement, and every agreement or docun-tent relating hereto, or entered into ill connection herewith. 14.4 Severabili ty. If' an), provision of this Agreement or the application thereof' to any Person or cirCUDIStMICe shall be invalid or unenforceable to any extent, the remainder of this Agreement and the application of such provision to other persons or circumstances shall not be affected thereby and shall be enforced to the greatest extent permitted by law. 14,5 , Successor and Assigns., This Agreement shall be binding upon and inure to tile benefit of the parties and their Tospcetive successors, legal representatives, and assigns. This Agreement may not be assigned by any party without the express written consent ofthe other parties. 14.6 Notices. All notices, requests, demands, and other communications made hereunder shall be in writing and shall be deemed ditty given if delivered or sent, by telex, facsimile, or -registered or certified mail, postage prepaid, as follows, or to such other address or person as the party may designate by notice to the other party hereunder. A. Sydes Construction, Inc. PO Box 7122 Jacksonville, NC 28540 Parks Family Forestry, LLC: PO Box 100 Oakwood, IL 61858 Coleman Parks. 214 Barnacle Circle LQxington, SC 29072 14.7 Attorney's, Fees. In the event of ally litigation, arbitration or other dispute arising as as result of or by reason of this Agreement, the prevailing party in any Such litigation, arbitration or other dispute shall be entitled to, in addition to any other damages, 19 assessed, its reasonable attorney's fees, and all other costs and expenses incurred it) connection with settling or resolving such dispute. 14,9 Constrad'on, Throughout this AV,- cement, the nias,, cline, feminine, a• neuter genders shall be deemed 10 jr)GILKIC the masCLfliiie, leminine, and neuter and the singular, the plural, and vice versa. The section headings of (his Agreement are (or convenience of'reference only and (to nol.fiorn-1 as part hereof and do not in ally way modify, interpret, Or Construe the intentions of the parties, 14.10 Exec u j tio " " i and Counterparts, This Agreement may be executed ill several counterparts cacti of which shall be deemed to he an original, and all saxetr counterparts when to together Shall constitute one and the same inStRnnent. 14.11 Governqg--L<iw. This agreement shall be governed by, and interpreted ill accordance with the laws of the State of North Carolina. The parties hereby agree that any legal action or proccocling shall be brought in the courts of the State of North Carolina. The parties further agree to submit to the jurisdiction of` the State of North Carolina and consent to the service of process in accordance with applicable procedures and rules of said jurisdiction. IN WITNESS WIIFR.�.'OF, the parties hereto have caused this Agreement to bedulyexecutedasottiu- day ofAtigmt,2014. 1 MP4191 IC3 Partners, LLC, a North Carolina Limited Liability Company By: Narnc�: Anthony V SY( s Title: Mauq&in , Mem ber -6— Pill 1 1 A. Sydes Constructim, laic. . ycie s, �res.iciealt ail Parks Family F 17, By: �- m M B FR Colcillana P rks 23 MEMBER A A. Syes Construction, fne. By --� — A. Sydcs, Prosident tvlFa;€I3�f� I3 llar�s Falay FO)61q, By. Coleman Parks 01 1. Boundary information taken from a partial survey by Parker & Associates, Inc. dated 4-16-14, and rezoning data provided by Stroud Engineering, P.A. 2. Wetlands lines taken from a map prepared by Stroud Engineering, P.A., and Dated 07-22-14, and signed by the U.S.C.O.E. on 09/08/14, and expires on 09/08/19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G 25 Is ax Polly one Rev. 03/16/15 BLD - Revise Sheet Number Project= Wetlands Impact #1 0.03 Ac. 0'" sp- M1 GA 10 12 1 IN mp-P.W20- Wetlands Impact #4 - 0.08 Ac, Stream Impact #2 - 93 LF C_ 49 46 45 K 13 to (D CD 40 P. o Legend: Op- Pender .7 county Harrison Creek Rand 35 M.B. Map Book ro Pg. - Page . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G 25 Is ax Polly one Rev. 03/16/15 BLD - Revise Sheet Number Project= Wetlands Impact #1 0.03 Ac. 0'" sp- M1 GA 10 12 1 IN mp-P.W20- Wetlands Impact #4 - 0.08 Ac, Stream Impact #2 - 93 LF C_ 49 46 45 K 13 to (D CD 40 P. o Legend: Pender .7 county Harrison Creek Rand 35 M.B. Map Book ro Pg. - Page (D "lead R/W - Right -of -way County Hunter H .r Court A—#5 Island Creek Road Wetlands Impact #2 - 0.08 Ac, Stream Impact #1- 74 LF 60'R/W NCSR 1002 THE RESERVE ON ISLAND CREEK Topsail Twp., Pender Co- North Carolina M N EM F�0� 0 (2) Way QD Wetlands Impact #3 0.05 Ac Wetlands SITE Pender County New Hanover County VICINITY SKETCH Notes: I Not to Scale 1. Wetland crossing; initial disturbance of this area shall be limited to only that area minimally needed to allow passage of construction equipment to prepare for the installation of the crossing and to execute upland construction on the opposing side of the crossing. Clearing, grubbing or land disturbance of the subject area shall not be performed until all equipment, water, sewer, storm drain and erosion and sediment control materials or devices sufficient to substantially complete the construction and stabilization of the crossing are staged or stockpiled at the location. Due consideration shall be given to impending inclement weather conditions that may adversely off ect the completion of the crossing in the shortest time practicable. 2. Establish clearing limits per approved plans. Clear and grub wetlands area as needed. Immediately install silt fence at the wetlands line, and along existing creek top of bank. Install erosion control fabric along ditch banks. Do not clear or disturb any unpermitted areas. 3. No construction of the crossing shall commence in the wetlands until all materials needed for the crossing are staged on site. 4. When possible, work in the wetlands shall be done during periods of dry weather. 5, Work in the wetlands shall be completed in the minimum time necessary, 6. Contractor shall install temporary sand bogs and/or sheet pilings in the stream prior to construction and bypass water as needed via a pump around, Pump around shall discharge into a rip rep lined basin or a sediment bag to keep sediment out of stream. 7. During excavation, stockpile the top 12"t of topsoil, and reuse topsoil as the top layer of soil when backfilling. 8. Install storm drain pipe, then water pipe. Backf ill, compact and regrade grade area to original contours. 9, Install silt fence at top of ditch bank and at wetlands line to prevent erosion. 10. If wetland or stream areas are disturbed, outside of the impact areas, they shall be regraded to original contours using topsoil for the top layer, and the stream banks shall be seeded, with annual seed, then lined with high velocity excelsior matting then staked with live willow stakes at 3' on center to stabilize the banks to 5' beyond the top of bank. IL See rest of design plans for additional detail. 12. See wetlands permit for additional requirements. Overall Wetlands Impact Map - Sheet 1 of 4 Owner/Developer; Date: 01/05/14 Parker & Associates, Inc. Scale: i" =400° Consulting Engineers — Land Surveyors — Land Planners IC3 Partners, LLC Field books Island Creek P.O. Box 976 — 28541-0976 File Name: IC-Wet Impact.dwq 306 New Bridge Street — 28540 PO Box 7122 Disk Name: ACRD #2501 JacksonvUle, North Carolina Jacksonville, NC 28541 Drawn:BLD Phone (910) 455-2414 — Fax (910) 455-3441 Job No.;5140217-5746 Firm License Number: F-0108 C"') o Legend: Pender D.B. -Deed Book county Harrison Creek Rand 35 M.B. Map Book ro Pg. - Page New Hanover Wood Cliff Dr "lead R/W - Right -of -way County Hunter H .r Court Typ, Typical el 2 Wetlands SITE Pender County New Hanover County VICINITY SKETCH Notes: I Not to Scale 1. Wetland crossing; initial disturbance of this area shall be limited to only that area minimally needed to allow passage of construction equipment to prepare for the installation of the crossing and to execute upland construction on the opposing side of the crossing. Clearing, grubbing or land disturbance of the subject area shall not be performed until all equipment, water, sewer, storm drain and erosion and sediment control materials or devices sufficient to substantially complete the construction and stabilization of the crossing are staged or stockpiled at the location. Due consideration shall be given to impending inclement weather conditions that may adversely off ect the completion of the crossing in the shortest time practicable. 2. Establish clearing limits per approved plans. Clear and grub wetlands area as needed. Immediately install silt fence at the wetlands line, and along existing creek top of bank. Install erosion control fabric along ditch banks. Do not clear or disturb any unpermitted areas. 3. No construction of the crossing shall commence in the wetlands until all materials needed for the crossing are staged on site. 4. When possible, work in the wetlands shall be done during periods of dry weather. 5, Work in the wetlands shall be completed in the minimum time necessary, 6. Contractor shall install temporary sand bogs and/or sheet pilings in the stream prior to construction and bypass water as needed via a pump around, Pump around shall discharge into a rip rep lined basin or a sediment bag to keep sediment out of stream. 7. During excavation, stockpile the top 12"t of topsoil, and reuse topsoil as the top layer of soil when backfilling. 8. Install storm drain pipe, then water pipe. Backf ill, compact and regrade grade area to original contours. 9, Install silt fence at top of ditch bank and at wetlands line to prevent erosion. 10. If wetland or stream areas are disturbed, outside of the impact areas, they shall be regraded to original contours using topsoil for the top layer, and the stream banks shall be seeded, with annual seed, then lined with high velocity excelsior matting then staked with live willow stakes at 3' on center to stabilize the banks to 5' beyond the top of bank. IL See rest of design plans for additional detail. 12. See wetlands permit for additional requirements. Overall Wetlands Impact Map - Sheet 1 of 4 Owner/Developer; Date: 01/05/14 Parker & Associates, Inc. Scale: i" =400° Consulting Engineers — Land Surveyors — Land Planners IC3 Partners, LLC Field books Island Creek P.O. Box 976 — 28541-0976 File Name: IC-Wet Impact.dwq 306 New Bridge Street — 28540 PO Box 7122 Disk Name: ACRD #2501 JacksonvUle, North Carolina Jacksonville, NC 28541 Drawn:BLD Phone (910) 455-2414 — Fax (910) 455-3441 Job No.;5140217-5746 Firm License Number: F-0108 C"') N14 ' ,4 011 .4d 4 far W 91ri7i UVE R Install Culvert 4" t Below Ex. bitch Bottom Inv. Out 6.20 Scale: 1"=40' Grade Ste. Existing bitch CL Legend: D.B. heed Book M.B. Map Book Pg. - Page R/W - Right -of -way Typ. - Typical Wetlands "I., I Install Culvert 7" ± Below Ex. Ditch Bottom Inv. Out 19.50± rRRA — __1 '.< IParallel to L 11 [Roadway. N -Vag Wetland -Impact #3 Plan View Scale: I"=40' Grade Install Culvert 7" t Below Ex. bitch ;P Bottom Inv. In 20.0± Headwall I �to Roadwc Wetlands Impact #3 0.05 Ac. ra. 25+43.51 Elev. 24.02 44 LF 36" PCP Install u ve 7"± Below Ex. Ditch Existing Ditch 4q Bottom Inv. In 20,0± 1 WE ava-1 W aTA7 PFAIJ I I — Wetlands Impact Map 0+00 1+00 Wetland Impact #1- Profile View Wetland Impact Area's #1 0+00 1+00 & 3 Wetland Impact #3 - Profile View Harz. 1' ° =40' Horz. P=40' Rev. 03/16/15 BLD - Revise Sheet Number, Add RRA in Profile Vert. P=4' Sheet 2 of 4 Vert. I"=4' Project: Owner/Developer Date: 01/05/14 Parker & Associates, Inc. THE RESERVE IC3 Partners, LLC Scale: As Noted Field book Island Creek Consulting Engineers — Land Surveyors — Land Planners P.O. Box 978 — 28541-0976 ON ISLAND CREEK File Name: IC-Wet Impact.dwq 306 New Bridge Street — 28540 PO Box 7122 Disk Name: ACAD #2501 Jacksonville, North Carolina Topsail Twp., Pender Co., North Carolina Jacksonville, NC 28541 Drawn: BLI) Phone (910) 455-2414 — Fax (910) 455-3"1 Job No.:5140217-5746 Firm Ucense Number: F-0108 M1 IN Full M K11 U9 W "I 14+00 15+00 16+00 Wetland Impact #2 / Stream ILnpact #1- Section View Horz, I"=40' Vert. 1"=4' Rev. 03/16/15 SLD - Revise Sheet Number, Add RRA in Profile, and Add Section View Project-. I Owner/Developer: THE RESERVE ON ISLAND CREEK Topsail Twp., Pender Co_ North Carolina IC3 Partners, LLC PO Box 7122 Jacksonville, NC 28541 .q. - • D.S. - Deed Book M.S. - Map Book P9, - Page R/W - Right -of -way Typ. - Typical C Wetlands Note: See Notes on Sheet I of 3 For Additional Information. Date: 01/05/14 Scale; As Noted Field book; Island Creek File Name: IC-Wet Impact.dwq Disk Name: ACAD #2501 Drawn: BLO Job No.:5140217-5746 10% Install Culvert 7" ± Below Ex. Ditch Bottom Inv. Out 4.75 Wetlands Impact #2 - 0.08 Ac. Stream Impact #1 - 74 LF 15 Lug R �om 12 ny Wetland Impact #2 Stream Impact #1- Plan View Scale: V=40' Finished Grade Sta. 14+97.35 (r Elev. 11.00 48 LF 2 -361" RCP IMM Install Culvert Install Culvert 7"t Below Ex. 7" ± Below Ex. Existing Stream CL.1 bitch Bottom Ditch Bottom Inv. In 5.00 Inv. Out 4.75 1 Uj LU 0 V: K11 U9 W "I 14+00 15+00 16+00 Wetland Impact #2 / Stream ILnpact #1- Section View Horz, I"=40' Vert. 1"=4' Rev. 03/16/15 SLD - Revise Sheet Number, Add RRA in Profile, and Add Section View Project-. I Owner/Developer: THE RESERVE ON ISLAND CREEK Topsail Twp., Pender Co_ North Carolina IC3 Partners, LLC PO Box 7122 Jacksonville, NC 28541 .q. - • D.S. - Deed Book M.S. - Map Book P9, - Page R/W - Right -of -way Typ. - Typical C Wetlands Note: See Notes on Sheet I of 3 For Additional Information. Date: 01/05/14 Scale; As Noted Field book; Island Creek File Name: IC-Wet Impact.dwq Disk Name: ACAD #2501 Drawn: BLO Job No.:5140217-5746 10% Install Culvert 7" ± Below Ex. Ditch Bottom Inv. Out 4.75 Wetlands Impact #2 - 0.08 Ac. Stream Impact #1 - 74 LF 15 Lug R �om 12 ny Wetland Impact #2 Stream Impact #1- Plan View Scale: V=40' Finished Grade Sta. 14+97.35 (r Elev. 11.00 48 LF 2 -361" RCP IMM 15 [IN 0+00 1+00 Wetland Impact #2 / Stream Impact #1- Profile View Harz. 1"" =40' Vert. I"=4' Parker & Associates, Inc. g Hori Consulting Engineers -- Land Surveyors — Land Planners P.O. Box 976 — 28541-0976 306 New Bridge Street — 28640 Jacksonville, North Carolina Phone (910) 455-2414 Fax (910) 455.3441 Firm License Number: F-0108 Install Culvert Install Culvert 7"t Below Ex. 7" ± Below Ex. Existing Stream CL.1 bitch Bottom Ditch Bottom Inv. In 5.00 Inv. Out 4.75 1 15 [IN 0+00 1+00 Wetland Impact #2 / Stream Impact #1- Profile View Harz. 1"" =40' Vert. I"=4' Parker & Associates, Inc. g Hori Consulting Engineers -- Land Surveyors — Land Planners P.O. Box 976 — 28541-0976 306 New Bridge Street — 28640 Jacksonville, North Carolina Phone (910) 455-2414 Fax (910) 455.3441 Firm License Number: F-0108 N9 ce 15 ILI a 5+00 6+00 7+00 Wetland Impact #4 /Stream Impact #2 - Section View Harz. P=40' Vert, P=4' Rev. 03/16/15 BLD - Revise Sheet Number, Add PPA in Profile, and Add Section View Project:_ I Owner/Developer-._ THE RESERVE ON ISLAND CREEK Topsail Twp., Pender Co., North Carolina IC3 Partners, LLC PO Box 7122 Jacksonville, NC 28541 Install Culvert Existing Stream (L-1 Install Culvert Wetlands Impact Map 1.0' ± Below Ex. 10 ± Below Ex. bitch Bottom Ditch Bottom Wetland Impact Area's #4 Inv. I . Out 10.20i -- Inv. In 10.50+- Stream Impact Area #2 0+00 1+00 Wetland Impact #4 /Stream Impact #2 - Profile View Sheet 4 of 4 Horz, 1"=40' Vert. P=4' Date: 01/05/14 Parker & Associates, Inc. Scale: As Noted Consulting Engineers — Land Surveyors — Land Planners Ug Horir" Field book; Island Creek P.O. Box 976 — 28541-0976 File Name: IC-Wet Impact.dwg 306 New Bridge Street — 28540 .......................... Disk Name: ACRD #2501 Jacksonville, North Carolina brown:BLD Phone (910) 455-2414 — Fax (910) 455-3441 Job No.:5140217-5746 Firm License Number: F-0108 0