20201937 Ver 2_Credit Release Task 3,4

DocuSign Envelope ID: E45CB52B-9564-4652-96C5-3EE03CDODOED
ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHARD E. ROGERS, JR.
Director
NORTH CAROLINA
Environmental Quality
July 20, 2023
Barrett Jenkins DWR ID# 2020-1937v2
Restoration Systems, LLC Edgecombe County
1101 Haynes Street, Suite 211
Raleigh, NC 27605
(via electronic mail: bienkinsgrestorationsystems.com)
Re: Dead Tree Umbrella Nutrient Offset Banking Instrument (NOBI)
Dead Tree A Bank Parcel Credit Release — Tasks 3 & 4
Dear Mr. Jenkins:
On September 19, 2022, the Division of Water Resources (DWR) received an As -Built Report from
Restoration Systems, LLC (RS) for the Dead Tree A Bank Parcel site. DWR provided comments to
RS that were addressed in the revised As -Built Report submitted by RS to DWR on May 4, 2023.
According to the As -Built survey and corresponding project credits table submitted with the revised
As -Built Report, there are slight adjustments in the total amounts of Nutrient Offset credits as
compared to the approved Bank Parcel Development Package. The subject site has generated
2,614,054 ft2 (135,901.542 lbs-nitrogen and 8,753.110 lbs-phosphorus) of nutrient offset credits.
On December 26, 2022, the Division of Water Resources (DWR) received a Year 1 Monitoring
Report from RS for the site. DWR approved the report on May 19, 2023.
DWR received a performance bond (#107688085) issued to RS from Travelers Casualty and Surety
Company of America, in the amount of $100,000, to cover monitoring and maintenance at the
subject site. The term of this bond ended with the approval of the Year 1 Monitoring Report by
DWR. DWR received a new performance bond (K41730043) issued to RS from Federal Insurance
Company, in the amount of $80,000. This bond replaces the previous performance bond
(107688085) referenced above. The term of this bond ends with the approval of the Year 2
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 NOBI, signed on November 10, 2021, the following Project Milestones have
been met and the corresponding credits shall be released:
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: E45CB52B-9564-4652-96C5-3EE03CDODOED Dead Tree A Site
Rcstoration Systems, LLC
July 20, 2023
Task/Milestones Credit
3) Monitoring Financial Assurance Posted (not needed) and Approval of 10%
As -Built Report
4) Monitoring Report #1 approved by the DWR & financial assurance renewed 10%
TOTAL 20%
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 to sell:
• 20% of the Nitrogen nutrient offset credits (0.20 x 135,901.542 lbs-N = 27,180.308 lbs-N)
minus 256.773 lbs-N yields 26,923.535 lb-N
• 20% of the Phosphorus nutrient offset credits (0.20 x 8,753.110 lbs-P = 1,750.622 lbs-P)
minus 16.538 lbs-P yields 1,734.0841bs-P
Please note that nutrient offset credits generated at this site must be used for impacts in HUC
03020101 of the Tar -Pamlico River Basin pursuant to 15A NCAC 02B .0703, which became
effective on April 1, 2020.
Please feel free to contact Katie Merritt at katie.merritt(c-r�,deq.nc.goy if you have any questions
regarding this correspondence.
Sincerely,
E
,c�1� DocuSigned by-
6tAUt' CUSS
755ABFOCD80B428...
Stephanie Goss, Supervisor
401 & Buffer Permitting Branch
cc:File Copy (Blake Hartshorn)
Caitlyn Parker (Davey/RS) — via electronic mail
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