Neu-Con Stream SOA - Bucher - Cub Creek Station & Sandy Ridge.pdf

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EBX-Neuse I, LLC Stream and Wetland Banks
Statement of Availability July 2S, 2023
U.S.Army Corps of Engineers
Julia Tillery
Raleigh Regulatory Field Office
3331 Heritage Trade Center, Suite 105
Wake Forest, NC 27587
Re Project: Cub Creek Station & Sandy Ridge
This document confirms that Joven Group (Applicant) for the Cub Creek Station & Sandy Ridge
(Project) has expressed an interest to utilize 222.00 Stream Mitigation Credits from the EBX-Neuse
sponsored Neu-Con Wetland & Stream Umbrella Mitigation Bank, specifically 222.00 stream credits from
the Bucher Site, in the Neuse HUC 03020201. As the official Bank Sponsor, EBX-Neuse I, LLC, attests to the
fact that mitigation is available for reservation at this time.
These mitigation credits are not considered secured, and consequently are eligible to be used for
alternate purposes by the Bank Sponsor, until payment in full is received from the Applicant resulting in
the issuance of a Mitigation Credit Transfer Certificate by the bank acknowledging that the Applicant has
fully secured credits from the bank and the Banker has accepted full responsibility for the mitigation
obligation requiring the credits/units.
The Banker will issue the Mitigation Credit Transfer Certificate within three (3) days of receipt of the
purchase price. Banker shall provide to Applicant a copy of the Mitigation Credit Transfer Certificate and a
documented copy of the debit of credits from the Bank Official Credit Ledger(s), indicating the permit
number and the resource type secured by the applicant. A copy of the Mitigation Credit Transfer
Certificate, with an updated Official Credit Ledger will also be sent to regulatory agencies showing the
proper documentation.
If any questions need to be answered, please contact me at 919-209-1055 or [e-mail].
Best Regards,
U
Amy Staley
Resource Environmental Solutions, LLC
3600 Glenwood Avenue, Suite 100, Raleigh, NC 27612