20221796 Ver 1_Updated Mitigation Information_20231026 (7)

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Statement of Availability - Neuse 03020201 (Outside Falls)
EBX-Neuse I, LLC and Environmental Banc and Exchange (EBX)
Riparian Buffer Mitigation Banks
October 16, 2023
Mr. Glenn Bagwell, Jr., Manager
Sound Timber Management
333 Sherwee Drive
Raleigh, NC 27603
Re: Project Ocean
This Statement of Availability confirms that Sound Timber Management for Project Ocean — Commercial Warehouse
Project in Eagle Crest Industrial Park has expressed an interest to utilize 52,993.00 Square Feet of Riparian Buffer
Mitigation Credits from one of the following banks, EBX-Neuse 1, 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 2027 Neuse Umbrella Mitigation Bank, or RES 2022
Phase 11 Umbrella Mitigation Bank. As the official Bank Sponsors, EBX-Neuse I, LLC and Environmental Banc &
Exchange, LLC, confirms that the required amount of mitigation credits is currently available at one or more of the
mitigation bank parcels listed below, each of which are located in HUC 3020201.
BANK PARCEL
BANK SPONSOR
DWR PROJECT #
Bucher
EBX-Neuse I, LLC
2016-0977v2
Selma Mil
EBX-Neuse I, LLC
2014-0705v2
Hannah Bridge
EBX-Neuse I, LLC
2017-0537v2
Meadow Spring
EBX-Neuse I, LLC
2016-0980v2
Polecat
EBX-Neuse I, LLC
2016-0978v2
Stone Creek
EBX-Neuse I, LLC
2016-0241v2
Poplar Creek
EBX-Neuse I, LLC
2016-0979v2
Uzzle
EBX-Neuse I, LLC
2016-0981v2
Shady Grove
Environmental Banc & Exchange, LLC
2020-1091v2
Wolf King
Environmental Banc & Exchange, LLC
2020-1149v2
Thunder Swamp II
Environmental Banc & Exchange, LLC
2021-0306v2
Caraway Bluff II
Environmental Banc & Exchange, LLC
2014-0820v6
Mitigation credits are not considered secured with this SOA, and consequently are eligible to be used for alternate
purposes by the Bank Sponsor, until credits have been reserved or purchased. Invoices reserve credits and per -credit
pricing for a period of 30 days. Credits and pricing may be reserved for an extended period by signing a reservation
agreement and paying a 10% deposit.
Once payment has been received in full, the Mitigation Credit Transfer Certificate will be issued within three (3) days by
the Sponsor acknowledging that the Applicant has fully secured credits from the bank and the Sponsor has accepted full
responsibility for the mitigation obligation requiring the credits/units. A copy of the Mitigation Transfer Certificate,
Compensatory Mitigation Responsibility Acceptance Form, and a documented copy of the debit of credits from the Official
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Bank Credit Ledger(s), indicating the permit number and the resource type secured by the applicant will also be sent to
the regulatory agencies showing the proper documentation.
Thank you for allowing us to assist with your project. Please contact me at 919-209-1055 [e-mail] if you have any
questions or need any additional information.
Thank you!
Amy Staley
Credit Sales Manager
Bank Sponsors — EBX-Neuse I, LLC and Environmental Banc & Exchange (EBX)
CC:
Katie Merritt, Nutrient Offset & Buffer Banking Coordinator, NCDEQ Division of Water Resources
Zachary Thomas (or assigned) NCDEQ Division of Water Resources