20170537_Credit Release Task 8_20230412

ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHARD E. ROGERS, JR.
Director
NORTH CAROLINA
Environmental Quality
April 12, 2023
Jamey McEachran
EBX Neuse 1, LLC
(via electronic mail: [e-mail] )
DWR Project #: 2017-0537v2
Johnston County
Re: RES Neuse Buffer & Nutrient Offset Umbrella Mitigation Banking Instrument (UMBI)
Hannah Bridge Bank Parcel Credit Release — Task 8
Dear Ms. McEachran:
On October 18, 2022, the Division of Water Resources (DWR) received a Year 4 Monitoring Report
from Resource Environmental Solutions, LLC on behalf of EBX Neuse 1, LLC (EBX) for the
Hannah Bridge site. Vegetative plot data confirms that success criteria throughout most the site is
greater than the required 260 stems/acre. No major issues or concerns were noted in the report.
DWR received confirmation of renewal for performance bond (#9321945) in the amount of $60,000
issued to EBX from Fidelity & Deposit Company of Maryland, to cover monitoring and maintenance
at the subject site. The term of this bond applies through September 17, 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 31, 2018, the following Project Milestones have
been met and the corresponding credits shall be released:
Task/Milestones Credit
8) Monitoring Report #4: Approved by the DWR & 5%
Financial assurance renewed
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract and 5% of your Nitrogen nutrient offset credits
(0.05 x 10,891.71 lb-N = 544.59 lb-N) and 5% of your Neuse buffer Restoration credits (0.05 x
199,724.56 ft2 = 9,986.23 ft2) are now available to sell.
Lastly, 5% of your Neuse buffer Preservation credits (0.05 x 7,396.49 ft2 = 369.82 ft2) and 5% of
your Neuse buffer Enhancement credits from cattle exclusion (0.05 x 4,907.04 ft2 = 245.35 ft2) 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
NORTH CARCLINA
919.707.9000

Hannah Bridge Site
EBX
April 12, 2023
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.
Please feel free to call [phone] if you have any questions regarding this correspondence.
cc:File Copy (Katie Merritt)
Jason Murnock (EBX) — jmurnockgres.us
Sincerely,
Do,.cuuSiigned by:
E
V Nd�
A43C72700BD543E...
Katie Merritt
401 & Buffer Permitting Branch
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