20201990 Ver 1_As-Built Credit Release_White Hat

DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
69 DARLINGTON AVENUE
WILMINGTON, NORTH CAROLINA 28403-1343

September 13, 2023

Regulatory Division

SUBJECT: As-built baseline monitoring report approval and credit release associated
with the RES Pasquotank Umbrella Mitigation Bank, White Hat Mitigation Site

Mr. Ben Carroll
Resource Environmental Solutions
3600 Glenwood Avenue
Suite 100
Raleigh, NC 27612

Dear Mr. Carroll:

This letter is to inform you that the Wilmington District, Corps of Engineers (Corps)
has reviewed the as-built baseline monitoring report for the RES Pasquotank Umbrella
Mitigation Bank (UMB), White Hat mitigation site (Action ID SAW-2018-02027), dated
June 2023.The White Hat site is in the Pasquotank River Basin (Hydrologic Unit Code
03010205), located on Godfreys Lane, approximately nine miles east of Hertford, in
Perquimans County, NC.

In accordance with Sec. 332.8(o)(9) of the Federal Mitigation Rule, the baseline
monitoring report was provided to the North Carolina Interagency Review Team
(NCIRT) for review and comment on June 15, 2023. A site meeting was also held on
August 03, 2023, to assess the as-built site conditions. The attached minutes document
result of the meeting and comments from the NCIRT. During this meeting, several
action items were identified that need to be addressed prior to the submittal of the Year
1 annual monitoring report and credit release request. These items are noted on the
attached memo.

Pursuant to the UMB Instrument approved on November 18, 2021, and the site-
specific White Hat Final Mitigation Plan dated July 2021, 15 percent of the mitigation
site’s total restoration and enhancement credits shall be available for sale immediately
after the completion of implementation of the mitigation plan and Corps approval of the
baseline monitoring report and as-built survey. By copy of this correspondence, we
confirm that you have satisfied the above requirements for the as-built credit release,

-2-

and 1,100.970 stream mitigation units (SMUs) and 1.203 wetland mitigation units
(WMUs) are now available for sale. Please be advised that due to a change in
easement boundary during As-built, total credit amounts have decreased from
7,363.663 to 7,351.733 SMUs and from 8.470 to 8.434 WMUs. This change resulted in
1.79 extra SMUs and 0.011 extra WMUs being released in Task 1 due to the higher
credit totals in the approved Mitigation Plan. The requested credit amounts for As-Built
reflect this change in total credit, and account for the extra credits released in Task 1.
With this release, 1,100.970 SMUs and 1.203 WMUs (30 percent of the total restoration
and enhancement credits) have been released for sale.

Please note that this electronic copy provided to you via email is your official copy.
Should you wish to receive a paper copy of this correspondence, please contact us.
Thank you for your time and cooperation. If you have any questions, please contact me
by email at [e-mail] or by phone at [phone].

Sincerely,

Todd Tugwell
Chief, Mitigation Branch

Enclosure

cc (by email):
NCIRT Distribution List

Project Name:
Sponsor Name:
USACE Action ID:
NCDWQ Action ID:
Non-Forested
Wetland Credits
Warm Water Cool Water
Cold
Water
Riparian
Preservation
Riparian
Non-
Preservation
Non-Riparian Coastal
7363.663 0.349 8.121
7351.733 0.343 8.091
Scheduled
Releases Warm Water Cool Water
Cold
Water
Scheduled
Releases
Riparian
Riverine
Riparian
Non-Riverine Non-Riparian Scheduled
Releases Coastal
1 (Bank/Site Establishment)1, 2 15% 1104.550 100%, 15% 1.567 15%12/31/2021 12/31/2021
2 (Year 0/As-Built)4 15% 1100.970 15% 1.203 15%8/31/2023
3 (Year 1 Monitoring)10% 735.173 10% 0.809 10%
4 (Year 2 Monitoring)10% 735.173 10% 0.809 15%
5 (Year 3 Monitoring)10% 735.173 15% 1.214 20%
6 (Year 4 Monitoring)5% 367.587 5% 0.405 10%
7 (Year 5 Monitoring)10% 735.173 15% 1.214 15%
8 (Year 6 Monitoring)5% 367.587 5% 0.405 NA NA
9 (Year 7 Monitoring)10% 735.173 10% 0.808 NA NA
Stream Bankfull Standard 3 10% 735.174 NA NA NA NA NA NA Varies3
Total Credits Release to Date 7351.733 8.434
Date
4 - Credit amounts changed during as-built. As-built credit amounts reflect 15% of the new credit total (1,102.760 SMU & 1.214 WMU), minus the extra amount release in Task 1 from the higher Mitigation Plan numbers
(1.790 SMU & 0.011 WMU).
Perquimans
3010205
2023
6/1/2023
County:
8-Digit HUC:
Year Project Instituted:
Date Prepared:
Potential Credits from As-Built Survey
Stream Credits
Credit Classification
Non-Forested Wetland
CreditsForested Wetland Credits
3 - A 10% reserve of credits to be held back until the bankfull event performance standard has been met.
1 - The first credit release milestone is based on the potential credits stated in the approved mitigation plan.
2 - The first credit release shall occur upon establishment of the mitigation bank, which includes the following criteria:
1) Execution of the MBI or UMBI by the Sponsor and the USACE;
2) Approval of the final Mitigation Plan;
3) Mitigation bank site must be secured;
4) Delivery of the financial assurances described in the Mitigation Plan;
5) Recordation of the long-term protection mechanism and title opinion acceptable to the USACE;
6) 404 permit verification for construction of the site, if required.
Contingencies (if any):
Signature of Wilmington District Official Approving Credit Release
Total Potential Credits
Stream Credits
Actual Release
DateCredit Release Milestone
Wilmington District Mitigation Bank Credit Release Schedule
White Hat Stream and Wetland Mitigation Project
EBX
SAW-2018-0207
DWR # 20201993 V1
Potential Credits from Mitigation Plan
Forested Wetland Credits
Current and Future Credit Releases
Projected
Release Date
13 September 2023
DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
69 DARLINGTON AVENUE
WILMINGTON, NORTH CAROLINA 28403-1343

CESAW-RG/Tugwell September 13, 2023

MEMORANDUM FOR RECORD

SUBJECT: Action ID # SAW-2018-02027, NCIRT Review Comments on the RES
Pasquotank Umbrella Mitigation Bank, White Hat Mitigation Site As-built baseline
monitoring report

Todd Tugwell/Casey Haywood, USACE:

1. Wetland H currently has 2 permanent veg plots; recommend changing one of the
plots to a random transect or capturing the area with a random transect
periodically during monitoring.
2. Add a photo point on the floodplain erosion at the outlet of Swale B and a photo
of the Swale B looking towards the ESP.
3. Add a photo point with a view of the riffle adjacent to VP1, which had an
excessive amount of rock in the channel.
4. Add a random plot in Wetland Area H during a future monitoring year.

Todd Tugwell
Chief, Mitigation Branch