20211425 Ver 1_Credit Release Request Form - Task 1 Twin Burros_20230818

WILDLANDS
ENGINEERING
8/18/2023
CREDIT RELEASE REQUEST FORM
To: NCDEQ-DWR Nutrient Offset & Buffer Banking Coordinator
From: Kaitlyn Hogarth, khogarth2wildlandseng.com, 540-907-9432
Through: Wildlands Holdings VI, LLC
We formally request a credit release for the Twin Burros Mitigation Site (DWR ID# 2021-1425vl)
for completion of Tasks 91 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 91
and are either pending review or have already been approved: DWR Approved Buffer and Nutrient
Instrument and Plan, IRT Approved Stream Mitigation Plan, Recorded and Assigned Conservation
Easement, and Performance Bond.
Credits requested for release are detailed below:
Credit Type
% Release
Credit Amount
include Units
Notes/Comments
Buffer Restoration
25
78,227.750 Sq Ft
312,911.001 x 0.25 = 78,227.750
Buffer Preservation
25
1,092.675 Sq Ft
4,370.700 x 0.25 = 1,092.675
Buffer Enhancement
25
91,099.267 Sq Ft
364,397.067 x 0.25 = 91,099.267
Generated Nitrogen Nutrient
Offset
Delivered Nitrogen Nutrient
Offset Jordan sites only)
25
316.320 lbs
1,265.280 x 0.25 = 316.320
Generated Phosphorus Nutrient
Offset
Delivered Phosphorus Nutrient
Offset Jordan sites only)
25
14.445 lbs
57.781 x 0.25 = 14.445
Signature:
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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
MBI/UMBI or from the BPDP,

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WILDLANDS
ENGINEERING
Vlll. CREDIT RELEASE SCHEDULE
A. Upon submittal of all appropriate documentation by the Sponsor, and subsequent approval by
DWR, it is agreed that the Riparian Buffer Credits and Nutrient Offset Credits associated with the
Twin Burros Bank Parcel will become available for sale to a third party in accordance with the
Credit Release Schedule in Table 5.0 below:
Table 5.0 - Credit Release Schedule far Riparian Buffer and Nutrient Offset Credits
% Credit
Available for
Task
Project Milestone
Sale
Instrument and Plan Approved by DWR, Draft5tream & Wetland
Mitigation Plan Approved by the IRT, Conservation Easement
1
Recorded and Assigned according to Item B (1) of Section X in
25
this Instrument has been completed and approved by DWR*
and Financial Assurance Pasted
All Riparian Earthwork, Planting and Installation of Monitoring
Devices Completed, Easement Boundaries adequately marked, aII
2
applicable permits obtained, stream and wetland mitigation
10
activities completed and a site visit by DWR performed by DWR-
Monitoring Financial Assurance Posted and Approval of As -Built
3
Report
10
Monitoring Report #1: Approved by the DWR** & financial
4
assurance renewed
10
Monitoring Report #2: Approved by the DWR" & financial
5
assurance renewed
10
Monitoring Report#3: Approved by the DWR** & financial
6
assurance renewed
10
Monitoring Report #4. Approved by the DWR** & financial
7
assurance renewed
5
Monitoring Report #5: Approved by the DWR** and final site visit
8
by DWR has been conducted
10
Total
100%
* For specification, pi Lase see Section V in this Instrument
" DWR Approval provided upon a determination that the site is meeting performance
standards contained within the approved Plan