20190661 Ver 1_Credit Release Task 5 final-20230608

DocuSign Envelope In Af r: )nrrA-5BBB-49A1-Ar= ')1EC1FEODB0D
ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHARD E. ROGERS, JR.
Director
NORTH CAROLINA
Environmental Quality
June 8, 2023
Wildlands Holdings III, LLC DWR Project #: 2019-0661
Attn: Shawn Wilkerson Johnston County
(via electronic mail: swilkersonO)wildlandseng.com )
Re: Sassarixa Swamp II Nutrient Offset & Buffer Mitigation Banking Instrument
Credit Release — Task 5 (final)
Dear Mr. Wilkerson:
On May 1, 2023, the Division of Water Resources (DWR) issued a 5% credit release for partial
approval of the Year 2 Monitoring Report for the Sassarixa Swamp II site. The remainder 5% of this
credit release would be issued upon receiving confirmation that Wildlands Holdings III, LLC has
fully implemented the supplemental planting efforts documented in the Supplemental Planting
Memo. Photo documentation, supporting maps, figures and a summary narrative were required to be
reviewed and approved by DWR prior to the issuance of the remaining credit release. On June 1,
2023, Wildlands submitted all the required documentation.
DWR received a continuation certificate for performance bond (#107501181) from Wildlands in the
amount of $80,000 with Travelers Casualty and Surety Company of America to cover monitoring
and maintenance at the subject site. The term of this bond ends with the approval of the Year 3
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 May 4, 2020 the following Project Milestones have been fully
met and the corresponding credits shall be released:
Task/Milestones
5) Monitoring Report #2 Approved by the
DWR & financial assurance renewed final)
Credits
Nitrogen
'Riparian
Coastal HW
Credits
Buffer
Buffer
Credits
Credits
5%
5%
5%
'Credit release percentages exclude the areas adjacent to Coastal HW Stream Mitigation
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

DocuSign Envelope ID:46E2OF6A-5BBB-49A1-AF6B-21EC1FEODBOD
Sassarixa Swamp II
Wildlands
June 8, 2023
By copy of this correspondence, DWR confirms that you have fully satisfied the above requirements
for the above -referenced and the following credits are being released:
• 5% of the Nitrogen nutrient offset credits (0.05 x 33,512.002 lbs-N=1,675.600 lbs-N)
• 5% of the Neuse riparian buffer enhancement credits (0.05 x 34,287.615 ft2=1,714.381 ft2)
• 5% of the Neuse riparian buffer restoration credits excluding Coastal HW Stream
Restoration (0.05 x 283,752 ft2=14,187.60 ft2)
• 5% of the Neuse riparian buffer restoration credits associated with Coastal HW Stream
Restoration (0.05 x 62,329.743 ft2 = 3,116.487 ft2) are now available to sell. (these credits
need to be recorded on the buffer enhancement 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. 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 Katie Merritt at [phone] if you have any questions regarding this
correspondence.
Sincerely,
IDocuSigned by: �`
S � C 6ss
980C5097D80E4E9...
Stephanie Goss, Supervisor
401 & Buffer Permitting Branch
cc:DWR File Copy (Blake Hartshorn)
Camden Brunick (Wildlands) — via electronic mail
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