20231389 Ver 1_Turek Mitigation Acceptance Ltr_20231010

SATISKY & SILVERSTEIN, LLP
ATTORNEYS AT LAW
SUITE 201
415 HILLSBOROUGH STREET
RALEIGH, N ORTH C AROLINA 27603

DAVID C. GADD TEL: [phone]
[e-mail] FAX: [phone]

October 10, 2023

Doug Dorman
Atlantic Environmental Consultants, LLC
PO Box 3266
Kitty Hawk, NC 27949

Re: Offer of 0.13 mitigation credits from the Hidden Lake Wetland Mitigation Bank;
951 Sunburst Ct., Corolla, NC 27927; Owner - Sharon Turek

Dear Mr. Dorman:

I am the attorney for Hidden Lake, LLC. Hidden Lake LLC manages the Hidden Lake
Wetland Mitigation Bank in Tyrrell County, North Carolina (the “Bank”), which is designed and
constructed to mitigate for non-riparian wetland impacts occurring in the Hydraulic Unit Code
03010205 Service Area in northeastern North Carolina. The US Army Corps of Engineers has
issued approval for release of non-riparian wetland credits from the Bank which can be used to
satisfy permit requirements of mitigation in the Hydraulic Unit Code 03010205 Service Area.

Hidden Lake LLC hereby offers to sell mitigation credits from the Bank for a fixed price
of thirty-six thousand five hundred and 00/100 Dollars ($36,500.00) per credit. Upon
acceptance of this offer, I will coordinate with the US Army Corps of Engineers to present a
Compensatory Mitigation Responsibility Transfer Form, which provides further instruction on
the transfer of credits pursuant to the permit.
This offer is valid and binding for sixty days from the date stated above. Please let me
know if you have any questions. I can be reached at 984-269-4879 or at the address on the letter
head above.
Yours truly,

David C. Gadd