20090858 Ver All_credit sale audit_EBX Jordan 9-2015_20150902

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NCDENR
North Carolina Department of Environment and Natural Resources
Pat McCrory Donald R. van der Vaart
Governor Secretary
September 2, 2015
Mr. Daniel Ingram
EBX-EM, LLC
302 Jefferson St, Suite 110
Raleigh, NC 27605
Re: Audit of Credit Sales for Nutrient Offset & Riparian Buffer Mitigation Banks owned by EBX -
EM, LLC
Dear Mr. Ingram:
On July 27, 2015, Katie Merritt with the Division of Water Resources (DWR) notified EBX -EM, LLC
(EBX), an affiliate of Resource Environmental Solutions, LLC (RES), 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:
• Forrest Creek ( #2008 -0229)
• Carl Lloyd ( #2009- 0858v2)
• Ivey Ferguson (#2009-0858v3)
On August 12, 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:
httD: / /Dortal.ncdenr. ore/web /wo /nutrientbufferbanks.
Thank you for your cooperation with this audit. For any questions regarding this correspondence, please
contact Katie Merritt at (919) 807 -6371.
Sincerely,
Karen Higgins, Supervisor
401 & Buffer Permitting Unit
KAH/krn
cc: File Copy (Katie Merritt)
Cara Conder — (EBX via electronic mail)
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.ncwaterquality.org
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