Credit Release Task 8 -SouthFork.docx

ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHAM E. ROGERS, JR.
Director
NORTH CAROLINA
Environmental Quality
March 16, 2023
John Hutton DWR Project #: 2016-0225v2
Wildlands Holdings IV, LLC Alamance County
312 West Millbrook Rd, Suite 225
Raleigh, NC 27609
(via electronic mail: [e-mail] )
Re: Cane Creek Umbrella Mitigation Banking Instrument (UMBI)
South Fork Nutrient Offset & Buffer Mitigation Bank
Credit Release— Task 8
Dear Mr. Hutton:
On October 17, 2022, the Division of Water Resources (DWR) received a Year 4 Monitoring Report
from Wildlands Engineering, Inc. on behalf of Wildlands Holdings IV, LLC (Wildlands) for the
South Fork site. Vegetative plot data confirms that success criteria throughout the site is greater than
the required 260 stems/acre. Additionally, no encroachment within the easement boundaries was
observed. Vigor data was not included in the report but is required to be submitted in future
monitoring reports.
DWR received a continuation certificate and bond rider for the performance bond (# 107063164) in
the amount of $20,000 issued to Wildlands from Travelers Casualty and Surety Company of
America, to cover monitoring and maintenance at the subject site. The term of this bond applies
beginning February 21, 2023 and ends with DWR approval of the Year 5 Monitoring Report. Future
credit releases will be dependent on both the renewal of this performance bond and the annual
monitoring reports.
In accordance with the UMBI, signed on March 6, 2018, the following Project Milestones have been
met and the corresponding credits shall be released:
Task/Milestones Credit
8) Monitoring Report 94: Approved by the DWR & financial assurance renewed 5%
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract. Therefore, 5% of your Jordan Lake riparian buffer Restoration and
Enhancement credits (0.05 x 30,955 ft2 = 1,547.75 ft2) as well as 5% of your Jordan Lake
riparian buffer Enhancement (via cattle exclusion) and Preservation credits (0.05 x 187,561 ft2 =
9,378.05 ft2) are being released and are now 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

South Fork Site
Wildlands
March 16, 2023
Additionally, 5% of your generated nitrogen offset credits (0.05 x 11,066.85 = 553.34 lb-N) and
5% of your generated phosphorus credits (0.05 x 707.55 = 35.38 lb-P) are now released.
Generated credits are credits that have not been applied to the appropriate delivery factor.
The delivery factors applied to this bank due to its location in the 14-digit HUC 03030002050050 are
71% for nitrogen and 67% for phosphorous. Therefore, the total amounts of delivered nutrient offset
credits for this site are 7,857.46 lb-N and 474.06 lb-P. By copy of this correspondence, 5% of your
delivered nitrogen offset credits (0.05 x 7,857.46 lb-N = 392.87 lb-N) and 5% of our delivered
phosphorus credits (0.05 x 474.06 = 23.70 lb-P) are being released and are now available to sell.
Please note that of the nutrient offsets, only the delivered nutrient offset credits can be sold
from this bank and used for impacts in the Haw River Arm of Jordan Lake within the Cape
Fear River Basin in accordance with 15A NCAC 02B .0703, which became effective on April 1,
2020. Additionally, riparian buffer credits can only be used to offset impacts located in the
Haw River Sub Watershed of Jordan Lake according to 15A NCAC 02B .0295, which became
effective on November 1, 2015.
Upon receipt of this correspondence, update all credit ledgers accordingly. Please feel free to call
Katie Merritt at [phone] if you have any questions regarding this correspondence.
Sincerely,
EDocJu�Siigneddby_-
A43C72700BD543E...
Katie Merritt
401 & Buffer Permitting Branch
cc:File Copy (Katie Merritt)
Camden Brunick — Wildlands (via electronic mail)
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