Credit Release Task 1,7

DocuSign Envelope ID: 2A2BC8F7-AD69-4A2D-BA26-4408EB87F4C1
ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHARD E. ROGERS, JR.
Director
John Hutton
NORTH CAROLINA
Environmental Quality
October 5, 2023
Wildlands Holdings IX, LLC
(via electronic mail: jhuttongwildlandseng com )
Re: Loop Road Mitigation Banking Instrument (MBI)
Loop Road Bank Parcel Credit Release — Tasks I & 7
Dear Mr. Hutton:
DWR Project #: 2020-1938v2
Wayne County
On August 14, 2023, the Division of Water Resources (DWR) approved a Bank Parcel Development
Package (BPDP) for the above -referenced site under the terms and conditions of the Loop Road
Mitigation Banking Instrument (MBI), made between Wildlands Holdings IX, LLC (Wildlands) and
DWR, to establish a nutrient offset and buffer mitigation bank. DWR received a performance bond
(#107889543) issued to Wildlands from Travelers Casualty and Surety Company of America, in the
amount of $150,000, to cover performance obligations for the construction of the subject site. The
term of this bond will remain in effect until DWR has provided a written approval of the As -Built
Report.
Lastly, on August 25, 2023, the DWR received a recorded conservation easement and corresponding
plat for the subject site. Wildlands provided confirmation that the conservation easement for the
subject site has been successfully assigned to Unique Places to Save (UPS). UPS is a 501(c)(3) non-
profit corporation and has been approved by DWR as a long-term steward for this mitigation bank.
In accordance with the MBI, signed on August 11, 2023, the following Project Milestones have been
met and the corresponding credits shall be released:
Task/Milestones Credit
1) MBI and BPDP Approved by DWR, Conservation Easement Recorded, 20%
& Financial Assurance Posted
7) Item B (1) of Section X in the UMBI (assign the easement 5%
to stewardship) has been completed and approved by DWR
TOTAL: 25%
North Carolina Department of Environmental Quality I Division of Water Resources
512 North Salisbury Street 1 1611 Mail Service Center I Raleigh, North Carolina 27699-1611
NORTH CARCLINA
919.707.9000

DocuSign Envelope ID: 2A2BC8F7-AD69-4A2D-BA26-4408EB87F4C1
Loop Road Site
Wildlands
October 5, 2023
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract and therefore, the following credits are being released and are now
available to sell:
• 25% of the Neuse buffer Restoration credits (0.25 x 30,838 ft2 = 7,709.500 ft2)
• 25% of the Nitrogen nutrient offset credits (0.25 x 25,460.014 lb-N = 6,365.0041b-N)
Please note that nutrient offset credits generated at this site must be used for impacts in HUC
03020201 of the Neuse River Basin excluding the Falls Lake Watershed pursuant to 15A NCAC
02B .0703, which became effective on April 1, 2020. Additionally, the riparian buffer credits
must be used for impacts in the Neuse River Basin in accordance with guidelines in the
Consolidated Buffer Mitigation Rule, 15A NCAC 02B .0295, which became effective on
November 1, 2015
Please use the Credit Ledger Templates provided in the approved MBI to track and report credit
availability for the Loop Road Mitigation Bank. Upon receiving this correspondence, please submit
two (2) credit ledgers to DWR reflecting the available credits released for each mitigation type
(Buffer Restoration, Nitrogen Nutrient Offset).
Please feel free to contact Katie Merritt at katie.merritt(a_�,deq.nc. og_v if you have any questions
regarding this correspondence.
Sincerely,
DocuSigned by:
755ABFOCD806428...
Stephanie Goss, Supervisor
401 & Buffer Permitting Branch
cc:File Copy (Blake Hartshorn)
Camden Brunick (Wildlands) — via electronic mail
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