Credit Release Task 6 -HollowelI.docx

ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHARb E. ROGERS, JR.
Director
NORTH CAROLINA
Environmental Quality
March 16, 2023
Tommy Cousins DWR ID# 2018-0180v2
Water & Land Solutions, LLC Wayne County
(via electronic mail: [e-mail])
Re: Hollowell Buffer Mitigation & Nutrient Offset Mitigation Banking Instrument (MBI)
Hollowell Credit Release Task 6
Dear Mr. Cousins:
On November 3, 2022, the Division of Water Resources (DWR) received a Year 3 Monitoring
Report from Water & Land Solutions, LLC (WLS) for the Hollowell site. Overall, site conditions
appear to look good with the vegetation exceeding performance criterion and coastal headwater
streams are meeting performance criteria. Minor encroachments within the conservation easement
areas were observed again this year but have been remediated.
DWR received a bond rider and continuation certificate for performance bond (#SUR2002426) in the
amount of $40,000 issued to WLS from Frankenmuth Mutual Insurance Company to cover
monitoring and maintenance at the subject site. The term of this bond ends with the approval of the
Year 4 Monitoring Report by DWR. Future credit releases will be dependent on both the renewal
of this performance bond and the annual monitoring reports.
In accordance with the MBI, signed on April 4, 2019, the following Project Milestones have been
met and the corresponding credits shall be released:
Task/Milestones Credit
6) Monitoring Report #3: Approved by the DWR & financial assurance renewed 10%
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the Hollowell site. Therefore, the following credits are being released and are available to sell:
• 10% of the Nitrogen nutrient offset credits (0.10 x 63,978.69 lbs-N = 6,397.869 lbs-N)
are being released and are available to sell.
• 10% of the Neuse riparian buffer preservation credits (0.10 x 16,326 ft2 = 1,632.60 ft2) are
being released and are available to sell.
• 10% of the Neuse riparian buffer restoration credits excluding Coastal HW Stream
Restoration (0.10 x 216,188 ft2 = 21,618.80 ft2) are being released and are available to sell.
North Carolina Department of Environmental Quality I Division of Water Resources
512 North Salisbury Street 1 1611 Mail Service Center I Raleigh, North Carolina 27699-1611
NOR1H CAROL Na 919.707.9000

Hollowell Site
WLS
March 16, 2023
• 10% of the Neuse riparian buffer restoration credits associated with Coastal HW Stream
Restoration (0.10 x 428,850 ft2 = 42,885 ft2) are being released and are available to sell.
(these credits need to be recorded on the buffer preservation credit ledger & are not
transferrable to nutrient offsets)
Please note that nutrient offset credits generated at this site must be used for impacts in HUC
03020201 of the Neuse River Basin excluding the Falls Lake Watershed pursuant to 15A NCAC
02B .0703, which became effective on April 1, 2020. Additionally, the riparian buffer credits
must be used for impacts in the Neuse River Basin in accordance with guidelines in the
Consolidated Buffer Mitigation Rule, 15A NCAC 02B .0295, which became effective on
November 1, 2015.
Upon receipt of this correspondence, update all credit ledgers accordingly. Please contact me at
[phone] if you have any questions regarding this correspondence.
Sincerely,
aA"O"'i
gned by,
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v3C72700BD543E...
Katie Merritt
401 & Buffer Permitting Branch
cc:File Copy (Katie Merritt)
Water & Land Solutions, LLC — Cara Conder (via electronic mail)
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