2023-05-23 EMH Farm_Credit Release Request Form (DWR Project 2022-1493 v1)

V,
CLEARWATER MITIGATION
S O L U T z O N S
05/23/2023
CREDIT RELEASE REQUEST FORM
To: NCDEQ-DWR Nutrient Offset & Buffer Banking Coordinator
From: Kevin Yates (clearwatermiti atg ionkgmail.com / 919-624-6901)
Through: Clearwater Mitigation Solutions, LLC
We formally request a credit release for the EMH Farm Buffer Mitigation Bank Parcel (DWR
ID# 2022-1493v1) for completion of Task # 1, 2, and 3 per the approved credit release schedule,
which is included in the Attachments with this request. The following documents have been
submitted to DWR for Task # 1, 2, and 3 and are pending review:
1) EMH Farm Project Credits Table provided with As -Built submitted on 05/18/2023.
2) Approved Credit Release Schedule from Approved EMH Farm MBI.
Credits requested for release are detailed below:
Credit Type
% Release
Credit Amount
Notes/Comments
(include Units)
Buffer Restoration
50%
327,079.098
Per Completion of Tasks 1,2,3
Buffer Preservation
50%
4,570.562
Per Completion of Tasks 1,2,3
Buffer Enhancement
50%
7,499.121
Per Completion of Tasks 1,2,3
Generated Nitrogen Nutrient
Offset
Delivered Nitrogen Nutrient
Offset (Jordan sites only)
Generated Nitrogen Nutrient
Offset
Delivered Phosphorus
Nutrient Offset (Jordan sites
only)
Signature: � c
Attachments: 1) Approved Project Credit Table (include the most recent Asset Table approved
by DWR, whether it is the BPDP table or the As -Built table), 2) Approved Credit Release
Schedule Include the approved credit release schedule, whether it is the credit release schedule
from the MBI/UMBI or from the BPDP.
Clearwater Mitigation Solutions
604 Macon Place. Raleigh, NC 27609
919-624-6901 *[e-mail]

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Vill. Credit Release Schedule
A. Upon submittal of all appropriate documentation by the Sponsor, and subsequent approval by DWR,
it is agreed that the Riparian Buffer Credits associated with the Bank Parcel will become available for
sale to a third party in accordance with the Credit Release Schedule in Table 3 below:
Table 3: Credit Release Schedule for Riparian Buffer Credits
Task
Milestone
Credit Release (%)
Instrument & BPDP approved by DWR, Conservation Easement
1
Recorded*, & Financial Assurances Posted
o
20/
All Riparian Earthwork & Mitigation Activities, Planting and Installation of
2
Monitoring Devices completed, easement boundaries adequately
20%
marked, all applicable permits obtained, site visit performed by DWR
3
Monitoring Financial Assurance Posted & Approval of As -Built Report
10%
Monitoring Report #1: Approved by DWR** & Financial Assurance
4
Renewed
10%
Monitoring Report #2: Approved by DWR** & Financial Assurance
5
Renewed
10%
Monitoring Report #3: Approved by DWR** & Financial Assurance
6
Renewed
10%
Item B(1) of Section X in this Instrument has been complete & approved
7
by DWR
5%
No remaining credits will be released until the conservation easement has been assigned to
an approved land trust or stewardship
Monitoring Report #4: Approved by DWR** & Financial Assurance
8
Renewed
5%
Monitoring Report #5: Approved by DWR** & Project Closeout approved
9
by DWR
10%
Total
100%
* For specification, see Section V in this Instrument
** DWR approval provided upon a determination that the site is meeting success criteria contained with
the approved BPDP
B. DWR may modify the Credit Release Schedule based on the information submitted or the order in
which required information is received. DWR will notify the Sponsor of any modification to the
credit release schedule.
C. Any major deviations to the Bank Parcel that were not authorized in writing by DWR prior to
implementation may affect the amount of riparian buffer credits that will be generated by the
Bank Parcel.
9