20190044 Ver 2_Credit Release Request Form - Thoroughfare MY4 September_20230922

September 22, 2023
CREDIT RELEASE REQUEST FORM
To: NCDEQ-DWR Nutrient Offset & Buffer Banking Coordinator
From: Kaitlyn Hogarth
Email: [e-mail]
Phone: [phone]
Through: Wildlands Holdings III, LLC
We formally request a credit release for the Thoroughfare Swamp Mitigation Bank Parcel for
completion of Task 8 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 8 and are pending
review: Thoroughfare Swamp Mitigation Bank Parcel Monitoring Year 4 Report.
Credits requested for release are detailed below:
Credit Type % Release Credit Amount
(Include Units)
Notes/Comments
Buffer Restoration 5% 28,413.60 Square Feet
Buffer Preservation 5% 36.85 Square Feet
Buffer Enhancement NA NA
Generated Nitrogen Nutrient
Offset
5%877.96 Pounds
Delivered Nitrogen Nutrient
Offset (Jordan sites only)
NA NA
Generated Phosphorus Nutrient
Offset
NA NA
Delivered Phosphorus Nutrient
Offset (Jordan sites only)
NA NA
Signature:
Attachments:
1) Approved Project Credit Table – As-Built Report
2)Approved Credit Release Schedule – BPDP
Table 1. Project Mitigation Credits Thoroughfare Swamp Mitigation Bank Parcel
Service Area
N Credit Ratio (sf/credit)
P Credit Ratio (sf/credit)
Credit Type Location
Subject? (enter
NO if
ephemeral or
ditch 1)
Feature Type Mitigation Activity Min-Max Buffer
Width (ft)Feature Name Total Area
(sf)
Creditable
Area (sf)
Initial Credit
Ratio (x:1)% Full Credit Final Credit
Ratio (x:1)
Riparian
Buffer Credits
Convertible to
Nutrient Offset?
Nutrient
Offset: N (lbs)
Nutrient
Offset: P (lbs)
Buffer Rural No Ephemeral Restoration 0-50 A1 24,131 24,131 1 100%1.00000 24,131.000 Yes 1,259.188 —
Buffer Rural No Ephemeral Restoration 0-100 A1 24,950 24,950 1 100%1.00000 24,950.000 Yes 1,301.924 —
Nutrient Offset Rural No Ephemeral Restoration 101-200 A1 46,889 46,889 1 33%3.03030 15,473.385 Yes 2,446.731 —
Buffer Rural Yes I / P Restoration 0-50 A2 B 249,147 249,147 1 100%1.00000 249,147.000 Yes 13,000.823 —
Buffer Rural Yes I / P Restoration 0-100 A2 B 270,038 270,038 1 100%1.00000 270,038.000 Yes 14,090.944 —
Nutrient Offset Rural Yes I / P Restoration 101-200 A2 B 289,612 289,612 1 33%3.03030 95,572.056 Yes 15,112.341 —
——
——
——
——
——
——
——
——
——
——
——
——
——
Creditable Area Subtotal (sf):904,767
Creditable Area Subtotal minus Nutrient Offset Area (sf):568,266
Enter Preservation Credits Below Eligible for Preservation (sf):189,422
Credit Type Location Subject?Feature Type Mitigation Activity Min-Max Buffer
Width (ft)Feature Name Total Area
(sf)
Creditable
Area (sf)
Initial Credit
Ratio (x:1)% Full Credit Final Credit
Ratio (x:1)
Riparian
Buffer Credits 49081
Buffer Rural Yes I / P 0-100 A2 5,876 5,876 10 100%10.00000 587.600
Buffer Rural Yes I / P 101-200 A2 5,046 5,046 10 33%30.30303 166.518
Buffer —
Buffer —
Buffer —
Buffer Preservation —
Buffer —
Buffer —
Buffer —
Buffer —
Buffer —
Preservation Area Subtotal (sf):10,922
Preservation as % Total Area of Buffer Mitigation:1.4%
Ephemeral Reaches as % Total Area of Buffer Mitigation:8.5%
Square Feet Credits
568,266 568,266
0 0
10,922 754
579,188 569,020
Square Feet Credits
Nitrogen:17,559.072
1. The Randleman Lake buffer rules allow some ditches to be classified as subject according to 15A NCAC 02B .0250 (5)(a).Phosphorus:0.000
Neuse 03020201 - Excluding Falls Lake
19.16394
N/A
Restoration:
Enhancement:
Mitigation Totals
336,501
TOTAL RIPARIAN BUFFER MITIGATION CREDITS
TOTAL NUTRIENT OFFSET MITIGATION CREDITS
Mitigation Totals
Nutrient
Offset:
Preservation:
Total Riparian Buffer:

       Thoroughfare Swamp Credit Release Schedule 
Task Project Milestone % Credit Available 
for Sale 
1 Instrument and BPDP Approved by NCDWR, Conservation Easement 
Recorded and Financial Assurance Posted 20 
2 Mitigation Site Earthwork, Planting and Installation of Monitoring 
Devices Completed 20 
3 Monitoring Financial Assurance Posted and Approval of As‐Built Report 10 
4 Monitoring Report #1: Approved by the NCDWR & financial assurance 
renewed 10 
5 Monitoring Report #2: Approved by the NCDWR & financial assurance 
renewed 10 
6 Monitoring Report #3: Approved by the NCDWR & financial assurance 
renewed 10 
7 Item B(1) of Section X in this Instrument has been completed and 
approved by NCDWR 5 
No remaining credits will be released until the conservation easement has been assigned to an 
approved land trust or stewardship 
8 Monitoring Report #4: Approved by the NCDWR & financial assurance 
renewed 5 
9 Monitoring Report #5: Approved by the NCDWR and final site visit by 
NCDWR has been conducted 10 
 Total 100%