Initial Credial Credit Release_WLS Yad01_Rolling Meadows_SAW-2021-01538

DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
69 DARLINGTON AVENUE
. WILMINGTON, NORTH CAROLINA 28403-1343
REPLY TO March 3, 2023
ATTENTION OF:
Regulatory Division/Isenhour
Action ID No. SAW-2021-01538
Re: Initial Credit Release associated with WLS Yadkin 01 Umbrella Mitigation Bank
Rolling Meadows Mitigation Site
Mrs. Catherine Roland
Water & Land Solutions, LLC
7721 Six Forks Road, Suite 130
Raleigh, North Carolina 27615
Dear Mrs. Roland:
This correspondence is in reference to the Water & Land Solutions Yadkin 01
Umbrella Mitigation Bank —Rolling Meadows Mitigation Site located at 525 Kendlebrook
Farm Road in Lexington, Davidson County, NC, within the Yadkin-PeeDee River Basin
Cataloging Unit (03040101). The purpose of this letter is to confirm the initial release of
credits for this mitigation site. (35.9166960N,-80.304871 °W)
Pursuant to the Mitigation Banking Instrument (UMBI) entitled, Agreement to Establish
the WLS Yadkin 01 Umbrella Mitigation Banking Instrument Within the State of North
Carolina, approved December 18, 2019, 15 percent of the mitigation site's restoration
credits and 100 percent of the site's preservation credits shall be available for sale
immediately upon completion of all the following:
a. Approval of the final mitigation plan (October 19, 2022);
b. Issuance of the 404-permit authorization for construction of the site (December
12, 2022);
c. Delivery of the executed financial assurance documents as described in the
UMBI (February 16, 2023);
d. Recordation of the Corps -approved site protection mechanism described in the
UMBI including a title opinion covering the property. (February 16, 2023)
e. Execution of the UMBI by Water & Land Solutions, LLC and USACE
(December 18, 2019); and

Documentation of the establishment of the long-term endowment/escrow
account (February 28, 2023).
By copy of this correspondence, we confirm that you have satisfied the above
requirements for the initial credit release; and 1125.75 warm stream mitigation units
(SMUs), constituting 15 percent of the mitigation site's total restoration and enhancement
credits (7,505 potential SMUs), plus 1.258 riparian wetland credits are now available,
which includes the 15 percent release of 1.175 WMUs and 100 percent of the site's total
wetland preservation credits (0.08 WMUs) are now available for sale. The total potential
riparian wetland credits for the site are 7.93 WMUs.
Credit Type
Site Total
Release %
Release
SMUs. Restoration &
7,505
15%
1125.75
Enhancement 1
Stream TOTAL
7,505
1125.75
Wetland Re-
7.85
15%
1.175
establishment
Wetland Preservation
0.08
100%
0.08
Wetland TOTAL
7.93
1.258
Thank you for your interest in restoring and protecting waters of the United States. If
you have questions regarding this letter, please contact Kim Isenhour at [phone]
or Kim berly.T.Isenhour(a)usace.army.mil, or Steve Kichefski, Mitigation Project Manager,
at [phone] or Steven.L.Kichefski(a)usace.army.mi1. Steve will be the USACE bank
project manager moving forward.
Sincerely,
ISENHOURXIMBERLY Digitally signed by
THOMSON.1527683 ISENHOURXIMBERLY.THOMSON.
1527683510
510 Date: 2023.03.03 15:23:15-05'00'
Kimberly Isenhour
Todd Tugwell
Mitigation Branch Chief
Wilmington District Regulatory Division
Electronic Copies Furnished:
NCIRT Distribution List
Daniel Ingram—WLS