HomeMy WebLinkAboutBuffer SOA - Brier Creek Industrial – West Pod, Cary.pdffires
EBX Buffer Mitigation Banks
Statement of Availability September 11, 2023
NC Division of Water Resources
Zachary Thomas or Cherri Smith
512 N. Salisbury St.
Archdale Building, 9th floor
Raleigh, NC 27604
Re Project: Brier Creek Industrial — West Pod, Cary
This document confirms that Merritt RU1, LLC (Applicant) for the Brier Creek Industrial — West Pod, Cary (Project) has
expressed an interest to utilize 27,303.00 Square Feet of Riparian Buffer Mitigation Credits from one of the following
banks, EBX-Neuse I, LLC Neuse Riparian Buffer Umbrella Mitigation Bank, RES Neuse Buffer and Nutrient Offset Umbrella
Mitigation Bank, RES Poplar Creek Buffer & Nutrient Offset Umbrella Mitigation Bank, EBX Upper Neuse Riparian Buffer
Umbrella Mitigation Bank, RES 2021 Neuse Umbrella Mitigation Bank, or RES 2022 Phase II Umbrella Mitigation Bank.
Specific bank sites that may be debited are Buffalo Branch, Selma Mill, Cedar Grove, Hatley, Bucher, Hannah Bridge, Stone
Creek, Meadow Spring, Uzzle, Poplar Creek, Polecat, Wolf King, Shady Grove, Thunder Swamp, and Caraway Bluff, all
located in HUC 03020201. As the official Bank Sponsors, EBX-Neuse I, LLC and Environmental Banc & Exchange
(EBX), 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.
Please contact me at 919-209-1055 or astaley@res.us if you have any questions
Thank you!
Amy Staley
Credit Sales Manager
Bank Sponsor— EBX-Neuse I, LLC and Environmental Banc & Exchange (EBX)