20210573 Ver 2_Mitigation Information_20231023

LOWER CAPE FEAR UMBRELLA MITIGATION BANK
STATEMENT OF CREDIT AVAILIBILITY
October 23, 2023
TO: Mr. Robert Bennett (Stanley Martin Homes) FROM: Lower Cape Fear Umbrella Mitigation Bank
4006 St. James Drive c/o Davey Resource Group
St. James, NC 28461 3805 Wrightsville Avenue, Suite 15
Wilmington, NC 28403
Project: Cannon Tract (Brunswick County, NC)
Dear Mr. Bennett:
Pursuant to the recent credit request submitted on your behalf, the Lower Cape Fear Umbrella Mitigation
Bank (LCFUMB) is providing confirmation of acceptance to supply mitigation credits for proposed non -
riparian wetland impacts associated with the Cannon Tract (Brunswick County, NC). This acceptance is
conditional upon receipt of payment as outlined below. Please refer to the table below depicting the type
and quantity of credits requested and reserved for your project.
Mitigation Type I Credits Reserved Fee Per Unit Fee
Stream T
Non -Riparian Wetland
Riparian (Riverine) Wetland
0
0.2
$740.09
$76,150.13
0.0 $76,150.13
$0.00
$15, 230.03
$0.00
Total Fee $15,230.02
Based upon receipt of your email transmitted on October 19, 2023, LCFUMB will reserve 0.2 non -riparian
wetland credits for a period of up to 90 days from the date of this letter. Note that requests to reserve
credits beyond 90 days will require a deposit. Please contact us if you need a reservation to extend beyond
the 90-day period.
Upon request for receipt of credit transfer, LCFUMB will issue an invoice in the amount of $15,230.03.
Upon receipt of payment, LCFUMB will provide an executed Transfer of Credit Certificate. Note that all
payments must be made with certified funds. It is the applicant's responsibility to ensure that the credit
types and amounts requested are consistent with the compensatory mitigation requirements of the permit(s)
issued. LCFUMB and/or its agents are not responsible for determining the applicant's mitigation
requirements. If you have any questions or need additional information, please contact me by phone at
[phone] or by email at [e-mail]
Sincerely,
Davey Resource Group (agent for LCFUMB)
Christian Preziosi
Principal Consultant