SOA - Weaver Farm - The Institute North.pdf

Statement of Mitigation Credit Availability
Weaver Farm Branch Mitigation Bank
September 6, 2023
Cherri Smith
Division of Water Resources
Re:
Availability of Compensatory Riparian Buffer Credits
Project Name:
The Institute North
Impact Location:
Neuse 03020201
This document confirms that 1,764.00 Credits (Credits) from the Weaver Farm Buffer & Nutrient
Mitigation Bank (Bank) are currently available and all or a portion may be used, once transferred,
for compensatory mitigation for impacts in the Neuse River Basin USGS HUC 03020201.
The Applicant may ultimately purchase the Credits, if they are available, following Permit issuance.
Should the Applicant purchase the Credits at that time, we will complete and execute the Mitigation
Credit Transfer Certificate (Certificate) within five (5) days of receipt of the full purchase price.
We will additionally provide copies of the completed and executed Certificate to the Applicant, the
Division of Water Resources (DWR) and, if needed, other regulatory agencies. In addition, we will
provide DWR with an updated copy of the Bank's Ledger, reflecting the transaction. Transaction
information in the updated Bank Ledger will include relevant Permit and Applicant information as
well as the number and resource type of the debited Credits.
Should your office have any questions, please contact me at 843.261.3049.
Sincerely,
Caitlan B. Parker
Restoration Systems, LLC
1101 Haynes St., Suite 211 • Raleigh, NC 27604 • www.restorationsystems.com • Ph 919.755.9490 • Fx 919.755.9492