20231406 Ver 1_2600 Churchill Rd_SOA 8-31-23_20231016

EBX Buffer Mitigation Banks
Statement of Availability August 31, 2023

NC Division of Water Resources Stephanie Goss (or assigned)
512 N. Salisbury St. Archdale Building, 9th floor Raleigh, NC 27604
Re Project: 2600 Churchill Road This document confirms that Carl A. Rhinehart (Applicant) for the 2600 Churchill Road (Project) has expressed an interest
to utilize 13,590.00 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 [e-mail] if you have any questions.
Thank you!
Amy Staley Credit Sales Manager
Bank Sponsor – EBX-Neuse I, LLC and Environmental Banc & Exchange (EBX)