20210112 Ver 3_Credit Release Request Form - Task 4_20230928

9/28/2023
CREDIT RELEASE REQUEST FORM
To: NCDEQ-DWR Nutrient Offset & Buffer Banking Coordinator
From: Kaitlyn Hogarth ([e-mail], 540-907-9432)
Through: Wildlands Holdings III, LLC
We formally request a credit release for the Little River Ford II Mitigation Bank Parcel for
completion of Task 4 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 4 and are
pending review: Little River Ford II Monitoring Year 1 Report.
Credits requested for release are detailed below:
Credit Type % Release Credit Amount
(include Units)
Notes/Comments
Buffer Restoration NA NA
Buffer Preservation NA NA
Buffer Enhancement NA NA
Generated Nitrogen Nutrient
Offset
10% 2,242.065 pounds 22,420.650 lbs x 0.10 =
2,242.065 lbs
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) As-Built Project Credit Table
2)Approved MBI Credit Release Schedule
Project Area
N Credit Conversion Ratio (ft2/pound)
P Credit Conversion Ratio (ft2/pound)
Credit Type Location
Subject? (enter 
NO if ephemeral 
or ditch 1)
Feature Type Mitigation 
Activity
Min‐Max 
Buffer 
Width (ft)
Feature Name Total Area 
(ft2)
Total 
(Creditable) 
Area of Buffer 
Mitigation (ft2)
Initial 
Credit 
Ratio (x:1)
% Full 
Credit
 Final Credit 
Ratio (x:1) 
 Convertible to 
Riparian 
Buffer? 
 Riparian Buffer 
Credits 
 Convertible to 
Nutrient 
Offset? 
 Delivered 
Nutrient Offset: 
N (lbs) 
Nutrient Offset Rural No Ditch Restoration 51‐200 Ditch A 182,521 182,521 1 33% 3.03030 No —Yes 9,524.190
Nutrient Offset Rural No I / P Restoration 101‐200 UT1, UT2 247,147 247,147 1 33% 3.03030 No —Yes 12,896.461
Totals (ft2):429,668 429,668 0.000 22,420.650
Total Buffer (ft2):00
Total Nutrient Offset (ft2):429,668 N/A
Square Feet Credits
0 0.000
0 0.000
0 0.000
0 0.000
Square Feet Credits
Nitrogen:22,420.650
Phosphorus:0.000
TOTAL AREA OF BUFFER MITIGATION (TABM)
Mitigation Totals
Restoration:
Enhancement:
Preservation:
Total Riparian Buffer:
TOTAL NUTRIENT OFFSET MITIGATION
Mitigation Totals
Nutrient Offset:429,668
N/A
Neuse 03020201 ‐ Outside Falls Lake
19.16394
10
Table 3.0 ‐ Credit Release Schedule for Nutrient Offset Credits  
Task Project Milestone 
% Credit 
Available for 
Sale 
1 Instrument and BPDP Approved by DWR, Conservation Easement 
Recorded*, and Financial Assurance Posted 20 
2 
All Riparian Earthwork, Planting and Installation of Monitoring 
Devices Completed, Easement Boundaries adequately marked, and 
all applicable permits obtained.  A site visit by DWR is required for 
this task. 
20 
3 Monitoring Financial Assurance Posted and Approval of As‐Built 
Report 10 
4 Monitoring Report #1: Approved by the DWR** & financial 
assurance renewed 10 
5 Monitoring Report #2: Approved by the DWR** & financial 
assurance renewed 10 
6 Monitoring Report #3: Approved by the DWR** & financial 
assurance renewed 10 
7 
Item B (I) of Section X in this Instrument has been completed and 
approved by DWR 5 
No remaining credits will be released until Task 7 has been satisfied, assigning the 
conversation easement to an approved land trust or long‐term steward.  
8 
Monitoring Report #4: Approved by the DWR** & financial 
assurance renewed 5 
9 
Monitoring Report #5: Approved by the DWR** and final site visit 
by DWR has been conducted 10 
Total 100%