20090866 Ver 0_credit sale audit_WEI 9-2015_20150901

NCDENR
North Carolina Department of Environment and Natural Resources
Pat McCrory Donald R. van der Vaart
Governor Secretary
September 1, 2015
John Hutton
Wildlands Holdings II, LLC
312 West Millbrook Rd, Suite 225
Raleigh, NC 27609
Re: Audit of Credit Sales for Nutrient Offset & Riparian Buffer Mitigation Banks owned
by Wildlands Holdings Il, LLC
Dear Mr. Hutton:
On July 27, 2015, Katie Merritt with the Division of Water Resources (DWR) notified Wildlands
Holdings II, LLC (WEI) that DWR was performing an annual audit of all nutrient offset and
riparian buffer mitigation credit sales for all private nutrient offset and riparian buffer mitigation
banks in North Carolina. Along with this notification, Ms. Merritt requested all credit ledgers along
with all corresponding receipts and local government approval /verification letters for the following
banks from January 1, 2015 to June 30, 2015:
• Little River Farm ( #2009 -0866) — SOLD OUT
• Buck Swamp ( #2012 -0144)
On July 29, 2015 and August 4, 2015, DWR received all of the requested documentation. Findings
from this audit suggest that all credit sales are compliant. Your approved ledgers will be posted at
the following link: httn: / /vortal.nedenr.or¢ /web /wo /nutrientbufferbanks.
The Little River Farm mitigation bank received its final credit release letter on October 29, 2014.
As of July 21, 2015, this bank has sold out of all of the riparian buffer credits and nutrient offset
credits. In the October 29, 2014 letter, DWR requested that WEI notify Duke Progress Energy in
writing, of the conservation purposes of this bank and any restrictions that will be placed within the
boundaries of the Little River Farm site. On July 28, 2015, DWR received a copy of the letter from
WEI to Duke Progress Energy. By copy of this letter, the Little River Farm mitigation bank is
now closed and will be removed from all available mitigation bank lists.
Division of Water Resources - 401 and Buffer Permitting Unit
1617 Mail Service Center, Raleigh, North Carolina 27699 -1617
Location: 512 N. Salisbury St. Raleigh, North Carolina 27604
Phone: [phone] FAX: [phone]
Internet: www.newaterquality.org
An Equal Opportunity 1 Afirnudw Action Employer— Made in part by recycled paper

Thank you for your cooperation with this audit. For any questions regarding this correspondence,
please contact Katie Merritt at (919) 807 -6371.
Sincerely,
"q 4jy�
Karen Higgins, Supervisor
401 & Buffer Permitting Unit
KAH /km
cc: File Copy (Katie Merritt)
Robert Bugg (Wildlands Holdings II, LLC, via electronic mail)