Credit Release Task 4

DocuSign Envelope In 25F2CB94-15DC-41 DD-A878-DA260AF8D6C0
ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHARD E. ROGERS, JR.
Director
NORTH CAROLINA
Environmental Quality
November 9, 2023
John Hutton DWR Project #: 2021-0019v2
Wildlands Holdings III, LLC Wayne County
(via electronic mail: jhuttongwildlandseng com )
Re: Wildlands Neuse Umbrella Mitigation Banking Instrument (UMBI)
O'Berry Road Bank Parcel Credit Release — Task 4
Dear Mr. Hutton:
On September 21, 2023, the Division of Water Resources (DWR) received a Year 1 Monitoring
Report from Wildlands Holdings III, LLC (Wildlands) for the O'berry Road site. Overall, site
conditions appear to look good, performance standards for vegetation are met and no encroachment
within the conservation easement areas was noted.
DWR received a bond rider and continuation certificate for the performance bond (# 107844700) in
the amount of $80,000 issued to Wildlands from Travelers Casualty and Surety Company of
America, to cover monitoring and maintenance at the subject site. The term of this bond ends with
DWR approval of the Year 2 Monitoring Report. Future credit releases will be dependent on both
the renewal of this performance bond and the annual monitoring reports.
In accordance with the UMBI, signed on June 10, 2022, the following Project Milestones have been
met and the corresponding credits shall be released:
Task/Milestones Credit
4) Monitoring Report #1: Approved by the DWR & financial assurance renewed 10%
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract and therefore, the following credits are being released and are now
available to sell:
• 10% of the Neuse buffer Restoration credits (0.10 x 262,002 ft2 = 26,200.200 ft2)
• 10% of the Neuse buffer Preservation credits (0.10 x 8,733.400 ft2 = 873.340 ft2)
• 10% of the Nitrogen nutrient offset credits (0.10 x 27,733.180 lb-N = 2,773.318 lb-N)
Please note that nutrient offset credits generated at this site must be used for impacts in HUC
03020201 of the Neuse River Basin excluding the Falls Lake Watershed pursuant to 15A NCAC
02B .0703, which became effective on April 1, 2020. Additionally, the riparian buffer credits
must be used for impacts in the Neuse River Basin in accordance with guidelines in the
Consolidated Buffer Mitigation Rule, 15A NCAC 02B .0295, which became effective on
November 1, 2015
North Carolina Department of Environmental Quality I Division of Water Resources
512 North Salisbury Street 1 1611 Mail Service Center I Raleigh, North Carolina 27699-1611
NORTH CARCLINA
919.707.9000

DocuSign Envelope ID: 25F2CB94-15DC-41 DD-A878-DA260AF8D6C0
O'Berry Road Site
Wildlands
November 9, 2023
Upon receipt of this correspondence, update all credit ledgers accordingly. Please feel free to contact
Katie Merritt at katie.merritt(cr�,deq.nc.gov if you have any questions regarding this correspondence.
Sincerely,
E
D�ocnu'S'ig-n1e-dby: �A
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755ABFOCD8OB428...
Stephanie Goss, Supervisor
401 & Buffer Permitting Branch
cc:File Copy (Blake Hartshorn)
Camden Brunick (Wildlands) — via electronic mail
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