USACE_Bank Credit Release_Tobacco_Road_20230209

Wilmington District Mitigation Bank Credit Release Schedule
Project Name: Tobacco Road Mitigation Project County:
Sponsor Name: EBX 8-Digit HUC:
USACE Action ID: SAW-2021-00489 Year Project Instituted:
NCDWQ Action ID: Date Prepared:
Total Potential Credits
Stream Credits
Forested Wetland Credits
Non -Forested
Wetland Credits
Credit Classification
Warm
Warm
Warm Water
Riparian
Non -Riparian
Coastal
Water
Water Pres
TC1-C & D
Potential Credits from Mitigation Plan
8,311.010
13.472
1874.334
2.096
Potential Credits from MP minus Preservation
8,297.538
Potential Credits from MP minus Preservation &
6,423.20
TC1-C & D
Potential Credits from As -Built Survey
Alamance
2022
Current and Future Credit Releases
Credit Release Milestone
Stream Credits
Forested Wetland Credits
Non -Forested Wetland
Credits
Projected
Release Date
Actual Release
Date
Scheduled
Releases
Warm
Water
Cold Water
WQ SMUs
Scheduled
Releases
Riparian
Non -Riparian
Scheduled
Releases
Coastal
1 (Bank/Site Establishment) 1' Z
15%
976.953
15%
0.314
15%
2 (Year 0/As-Built)3
15%
963.481
15%
0.314
15%
3 (Year 1 Monitoring)
10%
642.320
10%
0.210
10%
4 (Year 2 Monitoring)
10%
642.320
10%
0.210
15%
5 (Year 3 Monitoring)
10%
642.320
15%
0.314
20%
6 (Year 4 Monitoring)
5%
321.160
5%
0.105
10%
7 (Year 5 Monitoring)6
10%
829.754
15%
0.314
15%
8 (Year 6 Monitoring)6
5%
414.877
5%
0.105
9 (Year 7 Monitoring)6
10%
829.754
10%
0.210
Stream Bankfull Standard
10%
642.320
Layered Riffle Standards
N/A
1405.751
Total Credits Release to Date
Contingencies (if any):
Signature of Wilmington District Official Approving Credit Release Date
1 - The first credit release milestone is based on the potential credits stated in the approved mitigation plan.
2 - The first credit release shall occur upon establishment of the mitigation bank, which includes the following criteria:
1) Execution of the MBI or UMBI by the Sponsor and the USACE;
2) Approval of the final Mitigation Plan;
3) Mitigation bank site must be secured;
4) Delivery of the financial assurances described in the Mitigation Plan;
5) Recordation of the long-term protection mechanism and title opinion acceptable to the USACE;
6) 404 permit verification for construction of the site, if required.
3 - The second credit release is based on the credit totals from the as -built survey, and may differ slightly from the credit totals stated in the mitigation plan.
4 - A 10% reserve of credits to be held back until the bankfull event performance standard has been met.