20210348 Ver3_Credit Release Task 1 -PickleCreekII 20230609

DocuSign Envelope ID: D1A8C6BF-7476-4684-8008-C63D238ADAE1
ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHARD E. ROGERS, JR.
Director
NORTH CAROLINA
Environmental Quality
June 9, 2023
Environmental Banc & Exchange, LLC DWR Project #: 2021-0348v3
Attn: Jamey Mceachran Wayne County
(via electronic mail: jmceachrangres.us )
Re: RES Pickle Creek Phase II Nutrient Offset Banking Instrument (NOBI)
Pickle Creek Phase II Bank Parcel Credit Release — Task I
Dear Ms. Mceachran,
On August 16, 2022, the Division of Water Resources (DWR) approved a Bank Parcel Development
Package (BPDP) from Environmental Banc & Exchange, LLC (EBX) for the above -referenced site
under the terms and conditions of the Pickle Creek Phase II Nutrient Offset Banking Instrument
(NOBI) to establish a nutrient offset bank. On July 25, 2022, DWR approved the Pickle Creek DMS
Full Delivery Mitigation Plan (DMS ID# 100184). On May 22, 2023, DWR received a recorded
conservation easement and corresponding plat for the subject site.
Lastly, DWR received a performance bond (#9409216) issued to EBX from Fidelity and Deposit
Company of Maryland, in the amount of $150,000, to cover performance obligations for the
construction of the subject site. The term of this bond ends August 30, 2023.
In accordance with the NOBI, signed on August 12, 2022, the following Project Milestones have
been met and the corresponding credits shall be released:
Task/Milestones Credit
1) Instrument and BPDP Approved by DWR, Pickle Creek Full Delivery DMS 20%
Mitigation Plan approved by DWR, Conservation Easement Recorded,
Financial Assurance Posted,
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract and the following credits are released:
• 20% of the Nitrogen nutrient offset credits (0.20 x 23,172.844 lb-N = 4,634.569 lb-N)
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
p.P.b..d.1�.n­w 919.707.9000

DocuSign Envelope ID: D1A8C6BF-7476-4684-8008-C63D238ADAE1
Pickle Phase II Site
EBX
June 9, 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.
Please use the Credit Ledger Templates provided in the approved NOBI to track and report credit
availability for the Pickle Creek Phase II Nutrient Offset Bank. Upon receiving this correspondence,
please submit one (1) credit ledger to DWR reflecting the available credits released for each
mitigation type (Nitrogen Nutrient Offset).
Please feel free to call Katie Merritt, with DWR, at [phone] if you have any questions
regarding this correspondence.
Sincerely,
D�ocnu'S'ig-n1e-d'by: �"`
ss
980C5097D80E4E9...
Stephanie Goss, Supervisor
401 & Buffer Permitting Branch
cc:File Copy (Katie Merritt)
Travis Cooke - EBX (via electronic mail: tcooke&res.us )
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