20230465 Ver 1_More Info Received_20230718

NORTHEAST CAPE FEAR UMBRELLA MITIGATION BANK
Agent: Davey Resource Group, Inc.
3805 Wrightsville Avenue, Suite 15
Wilmington, INC 28403
Credit Reservation Letter
June 1, 2023
Four County EMC
Attn. Gregg Cohn
1822 NC 53 West
Burgaw, NC 28425
Project: Hampstead POD Substation (Pender County, NC)
Dear Gregg:
Per the credit request submitted by Matt Smith (agent), the Northeast Cape Fear Umbrella Mitigation Bank (Bank) is
providing preliminary acceptance to supply mitigation credits for proposed impacts to non -riparian wetlands associated
with the Hampstead POD Substation in Pender County, NC (conditional upon receipt of payment as outlined below).
Please refer to the table below depicting the type and quantity of credits requested and reserved for your project.
Mitigation Type Credit Source Credits Reserved Fee Per Unit I Fee
Stream N/A 0 $646.12 I $0.00
Non- Riparian Wetland Holly Shelter Bay 2.0 $70,939.17 �I $141,878.34
Riparian Wetland N/A 0.0 I $70,939.17 I $0.00
F_
Total $141,878.34
Based upon receipt of the credit request, the Bank will reserve 2.0 non -riparian wetland credits for a period of up to 90
days from the date of this letter. Note that requests to reserve credits beyond 90 days will require a deposit. Please
contact us if you need a reservation to extend beyond the 90-day period.
Upon request for credit transfer, the Bank will issue an invoice in the amount of $141,878.34. Upon receipt of payment,
the Bank will provide an executed Transfer of Credit Certificate for the total amount of credits invoiced and paid for. If
you have any questions or need additional information, please contact me by phone at [phone] or by email
at [e-mail]
Sincerely,
Northeast Cape Fear Umbrella Mitigation Bank
Christian Preziosi
Davey Resource Group, Inc (agent)
Northeast Cape Fear Umbrella Mitigation Bank
c/o Davey Resource Group, Inc.
3805 Wrightsville Avenue, Suite 15
Wilmington NC 28403
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