Credit Release Request Form Task 1

4
WATER & LAND SOLUTIONS
June 28, 2023
CREDIT RELEASE REQUEST FORM
To: NCDEQ-DWR Nutrient Offset & Buffer Banking Coordinator
From: Catherine Roland, Water & Land Solutions, catherinekwaterlandsolutions.com,
571-643-3165
Through: Water & Land Solutions, LLC
We formally request a credit release for the Salem Nutrient Offset Site for completion of Task #1 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 and are pending review: The
approved NOBI and BPDP, the recorded conservation easement and the implemented financial
assurance.
Credits requested for release are detailed below:
Credit Type
% Release
Credit Amount
Notes/Comments
include Units
Buffer Restoration
Buffer Preservation and
Coastal Headwater
Buffer Enhancement
Generated Nitrogen Nutrient
20
5,097.887 lbs
Offset
Delivered Nitrogen Nutrient
Offset Jordan sites only)
Generated Nitrogen Nutrient
Offset
Delivered Phosphorus Nutrient
Offset Jordan sites only)
Signature: Q _ 6
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
MBFUMBI or from the BPDP,
WATER & LAND SOLUTIONS, LLC
[phone] • [e-mail]
7721 SIX FORKS ROAD, SUITE 130 • RALEIGH, NC 27615
WATERLANDS0LUTIONS.00M

Table 5. Salem, 2022-0139 V2, Project Credits
Neuse 03020201- Outside Falls Lake
Project Area
N Credit Conversion Ratio (ft2/pound)
P Credit Conversion Ratio (ft2/pound)
19.16394
N/A
Credit Type
Location
Subject? (enter
NO if
ephemeral or
ditch 1)
Feature Type
Mitigation Activity
Min -Max Buffer
Width (ft)
Feature Name
Total Area (ft2)
Total (Creditable)
Area of Buffer
2
Mitigation (ft)
Initial Credit
Ratio (x:1)
%Full Credit
Final Credit
Ratio (x:1)
Convertible to
Riparian
Buffer?
Riparian Buffer
Credits
Convertible to
Nutrient Offset?
Delivered
Nutrient
Offset: N (Ibs)
Delivered
Nutrient
Offset: P (Ibs)
Nutrient Offset
Rural
No
Ditch
Restoration
0-100
D1
234,416
1
100%
No
—
Yes
12,232.140
—
Nutrient Offset
Rural
No
Ditch
Restoration
101-200
D1
200,194
1
33%
No
—
Yes
10,446.390
—
Nutrient Offset
Rural
No
Ditch
Restoration
0-100
D3
32,513
1
100%
No
—
Yes
1,696.572
—
Nutrient Offset
Rural
No
Ditch
Restoration
101-200
D3
20,940
1
33%
No
—
Yes
1,092.677
—
Nutrient Offset
Rural
Yes
I / P
Restoration
0-100
Stream A
415
1
100%
No
—
Yes
21.655
—
Nutrient Offset
Rural
No
Ditch
Restoration
diffused flow
deductions
13,068
0
1
—
—
—
Totals (ft2):
Total Buffer (ft2):
Total Nutrient Offset (ft2):
501,546
0
0.000 25,489.435 0.000
0
0
501,546
N/A
Enter Preservation Credits Below
Credit Type I Location
Total Ephemeral Area (ft) for Credit:
Total Eligible Ephemeral Area (ft):
Total Eligible for Preservation (ft):
Buffer
Subject? Feature Type Mitigation Activity Min -Max Width BuBu Feature Name
(ft
Preservation Area Subtotals (ft):
TOTAL AREA OF BUFFER MITIGATION (TABM)
Mitigation Totals
Square Feet
Credits
Restoration:
0
0.000
Enhancement:
0
0.000
Preservation:
0
0.000
Total Riparian Buffer:
0
0.000
TOTAL NUTRIENT OFFSET MITIGATION
Mitigation Totals
Square Feet
Credits
Nutrient Offset:
Nitrogen:
501,546
25,489.435
Phosphorus.
0.000
1. The Randleman Lake buffer rules allow some ditches to be classified as subject according to 15A NCAC 02B .0250 (5)(a).
0
0
0
0.0 %
0
0.0 %
Total Area (sf)
Total (Creditable)
Area for Buffer
Mitigation (ft)
0
0
Ephemeral Reaches as %TABM
Preservation as % TABM
Initial Credit Full Credit Final Credit I Riparian
Ratio (x:1) Ratio (x:1) I Buffer Credits
last updated 08/03/2020

V111. CREDIT RELEASE SCHEDULE
A. Upon submittal of all appropriate documentation by the Sponsor, and subsequent approval by
DWR, it is agreed that Nutrient Offset Credits associated with the Bank Parcel will become
available to sell to a third party in accordance with the Credit Release Schedule in Table 3.0.
Table 3.0 - Credit Release Schedule for Nutrient Offset Credits
% Credit
Task
Project Milestone
Available for
Sale
I
Instrument and BPDP Approved by DWR, Conservation Easement Recorded*,
Financial Assurance Posted
20
All Riparian Earthwork, Planting and Installation of Monitoring Devices
2
Completed, Easement Boundaries adequately marked, and all applicable permits
obtained. A site visit by DWR is required for this task.
20
3
Monitoring Financial Assurance Posted and Approval of As -Built Report
10
Monitoring Report #1: Approved by the DWR** & financial assurance renewed
4
10
Monitoring Report #2: Approved by the DWR** & financial assurance renewed
5
10
Monitoring Report #3: Approved by the DWR** & financial assurance renewed
6
10
Item B (1) of Section X in this Instrument has been completed and approved by DWR.
7
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 the DWR** & financial assurance renewed
8
5
Monitoring Report #5: Approved by the DWR* * and final site visit by DWR has been
9
conducted
10
Total
100%
* For specification, please see Section V in this Instrument
** DWR Approval provided upon a determination that the site is meeting success criteria
contained within 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 nutrient offset credits that will be generated by the Bank
Parcel.
10