2015-01799 Hannah Bridge Year 5 Monitoring Credit Release

December 22, 2023

Regulatory Division

Subject: Year 5 Monitoring Report Review and Credit Release associated with Neu-Con
Umbrella Mitigation Bank – Hannah Bridge Mitigation Site (AID SAW-2015-01799)

Ms. Katie Obenauf
EBX-Neuse I, LLC
3600 Glenwood Avenue, Suite 100
Raleigh, North Carolina 27612

Dear Ms. Obenauf:

This correspondence is in reference to the monitoring report and credit release
request submitted for the RES Neu-Con Umbrella Mitigation Bank, Hannah Bridge
Mitigation Site, Action ID SAW-2015-01799. The purpose of this letter is to transmit
comments provided by the NC Interagency Review Team (NCIRT) during the review of
the monitoring report and to confirm the annual credit release.

The review of the annual monitoring report followed procedures outlined in Section
332.8(o)(9) of the Mitigation Rule. Please refer to the attached December 8, 2023, site
visit meeting minutes. No additional comments were received from the NCIRT during this
review process.

Based on our review of the monitoring report and the results of the NCIRT review, we
confirm that you have satisfied requirements included in the approved banking instrument
and mitigation plan for this site. Accordingly, with this correspondence we confirm the
release of credits as shown on the attached credit release schedule.

Additionally, per the request included in your monitoring report submittal, we confirm
that you may reduce the bond (Bond No. 9321946) in the amount of $78,600 per the
bond reduction schedule.

Thank you for your interest in restoring and protecting waters of the United States. If
you have questions regarding this letter, please contact me by email at
[e-mail] or telephone [phone].
DEPARTMENT OF THE ARMY
WILMINGTON DISTRICT, CORPS OF ENGINEERS
69 DARLINGTON AVENUE
WILMINGTON, NORTH CAROLINA 28403-1343

Sincerely,

Casey Haywood
Project Manager, Mitigation Branch
Enclosure

cc (by email):
NCIRT Distribution List
Project Name:
Sponsor Name:
USACE Action ID:
NCDWQ Action ID:
Non-Forested
Wetland
Credits
Warm
Water
Cool
Water
Cold
Water
Riparian
Riverine
Riparian
Non-Riverine Non-Riparian Coastal
4,643.00 10.73
4,643.00 10.73
Scheduled
Releases
Warm
Water
Cool
Water
Cold
Water
Scheduled
Releases
Riparian
Riverine
Riparian
Non-Riverine Non-Riparian Scheduled
Releases Coastal
1 (Bank/Site Establishment)1, 2 15%846.90 15%2.23 15%10/11/2018
2 (Year 0/As-Built)3 15%670.00 15%1.50 15%8/12/2019
3 (Year 1 Monitoring)10%446.600 10%1.00 10%12/19/2019
4 (Year 2 Monitoring)10%446.600 10%1.00 15%11/20/2020
5 (Year 3 Monitoring)10%446.600 15% 1.50 20% 11/31/2021 11/16/2021
6 (Year 4 Monitoring)5%223.300 5% 0.50 10% 12/31/2022 2/3/2023
7 (Year 5 Monitoring)10% 446.600 15% 1.50 15% 12/31/2023
8 (Year 6 Monitoring)5% 446.600 5% 0.50 NA NA 12/31/2024
9 (Year 7 Monitoring)10% 223.300 10% 1.00 NA NA 12/31/2025
Stream Bankfull Standard4 10%446.500 NA NA NA NA NA NA Dec-22
Total Credits Release to Date 2856.70 4643 5.73 10.73
Date
Johnston
3020201
6/27/2018
10/26/2023
County:
8-Digit HUC:
Year Project Instituted:
Date Prepared:
Actual Release
Date
Potential Credits from As-Built Survey
Stream Credits
Credit Classification
Non-Forested Wetland
CreditsForested Wetland CreditsStream Credits
Current and Future Credit Releases
Credit Release Milestone
Wilmington District Mitigation Bank Credit Release Schedule
4 - A 15% reserve of credits to be held back until the bankfull event performance standard has been met.
1 - The first credit release milestone is based on the potential credits stated in the approved mitigation plan.
2 - The first credit release shall occur upon establishment of the mitigation bank, which includes the following criteria:
1) Execution of the MBI or UMBI by the Sponsor and the USACE;
2) Approval of the final Mitigation Plan;
3) Mitigation bank site must be secured;
4) Delivery of the financial assurances described in the Mitigation Plan;
5) Recordation of the long-term protection mechanism and title opinion acceptable to the USACE;
6) 404 permit verification for construction of the site, if required.
3 - The second credit release is based on the credit totals from the as-built survey, and may differ slightly from the credit totals stated in the mitigation plan.
Contingencies (if any): Wetland Credits are on hold until further information is provided
Signature of Wilmington District Official Approving Credit Release
Hannah Bridge
EBX-Nesue I
SAW-2015-01799
2017-0537v1
Potential Credits from Mitigation Plan
Forested Wetland Credits
Total Potential Credits
Projected
Release Date
22DEC23