Credit Release Task 6

ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHARD E. ROGERS, JR.
Director
Jamey McEachran
EBX Neuse 1, LLC
(via electronic mail
NORTH CAROLINA
Environmental Quality
March 24, 2023
jmceachran&res.us )
DWR Project #: 2016-0979v2
Johnston County
Re: RES Poplar Creek Buffer & Nutrient Offset Umbrella Mitigation Banking Instrument
(UMBI)
Poplar Creek Bank Parcel Credit Release — Task 6
Dear Mrs. McEachran:
On October 12, 2022, the Division of Water Resources (DWR) received a Year 3 Monitoring Report
from Resource Environmental Solutions, LLC (RES) on behalf of EBX-Neuse 1, LLC (EBX), for the
Poplar Creek site. Overall, vegetation conditions look satisfactory with stem counts higher than the
required 260 stems per acre, cattle exclusion fencing is in good condition and no encroachment
within the conservation easement areas was observed. Replanting efforts required in Winter 2022
were also implemented.
DWR received a bond rider for the performance bond (#K15481055) in the amount of $80,000
issued to EBX from Federal Insurance Company, to cover monitoring and maintenance at the subject
site. The term of this bond applies beginning December 31, 2022 and ends December 31, 2023.
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 January 16, 2019, and the Bank Parcel Development Plan
approved on February 1, 2019, the following Project Milestones have been met and the
corresponding credits shall be released:
Task/Milestones
6) Monitoring Report #3: Approved by the DWR
Credit
10%
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the Poplar Creek site. Therefore, the following credits are being released and are available to sell:
• 10% of the Nitrogen nutrient offset credits (0.10 x 1,454.73 lbs-N=145.47 lbs-N) are
available to sell.
• 10% of the Neuse riparian buffer restoration credits (0.10 x 93,766 ft2 — 9,376.60 ft2)
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
NORTH CARCLINA
919.707.9000

Poplar Creek Site
EBX
March 24, 2023
• 10% of the Neuse riparian buffer enhancement credits (0.10 x 76,454.50 ft2 = 7,645.45 ft2)
and 10% of the Neuse riparian buffer preservation credits (0.10 x 8,220.50 ft2 = 822.05 ft2)
are available to sell. Neuse buffer Preservation and Enhancement credits should be depicted
on the same credit ledger for this Site.
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.
cc:File Copy (DWR)
Travis Cooke (EBX) — via electronic mail
Sincerely,
Docu Signed by:
-WdAA�*
A43C72700BD543E...
Katie Merritt
401 & Buffer Permitting Branch
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