20230035 Ver 1_Mitigation Information_20230125

LOWER CAPE FEAR UMBRELLA MITIGATION BANK
STATEMENT OF CREDIT AVAILIBILITY
January 25, 2023
TO: Connor (Newkirk Environmental)
Project: Raceway-Winnabow (Brunswick County, NC)
Dear Connor:
FROM: Lower Cape Fear Umbrella Mitigation Bank
c/o Land Management Group
3805 Wrightsville Avenue, Suite 15
Wilmington, NC 28403
Pursuant to the recent credit request submitted on your behalf, the Lower Cape Fear Umbrella Mitigation
Bank (LCFUMB) is providing confirmation of acceptance to supply mitigation credits for proposed riparian
wetland impacts associated with the Raceway-Winnabow Project (Brunswick County, NC). This acceptance is
conditional upon receipt of payment as outlined below. Please refer to the table below depicting the type
and quantity of credits requested and reserved for your project.
Mitigation Type Credits Reserved r
Stream 0
Non -Riparian Wetland I 0.0
Riparian (Riverine) Wetland 1 0.6
Fee Per Unit
$646.12
$70,939.17
$70,939.17
Total Fee
Fee
$0.00
$0.00
$42,563.50
$42,563.50
Based upon receipt of email transmitted on January 25, 2023, LCFUMB will reserve 0.6 riparian riverine
wetland credits for a period of up to 90 days from the date of this letter. Note that requests to reserve
credits beyond 90 days will require a deposit. Please contact us if you need a reservation to extend beyond
the 90-day period.
Upon request for receipt of credit transfer, LCFUMB will issue an invoice in the amount of $42,563.50.
Upon receipt of payment, LCFUMB will provide an executed Transfer of Credit Certificate. Note that all
payments must be made with certified funds. It is the applicant's responsibility to ensure that the credit
types and amounts requested are consistent with the compensatory mitigation requirements of the permit(s)
issued. LCFUMB and/or its agents are not responsible for determining the applicant's mitigation
requirements. If you have any questions or need additional information, please contact me by phone at
[phone] or by email at [e-mail]
Sincerely,
Davey Resource Group Inc. (agent for LCFUMB)
aUkt—
Christian Preziosi
Principal Consultant