20171122 Ver2_Credit Release Task 4_GUC Bank_20210419

ROY COOPER
Governor
DIONNE DELLFGATTI
Secretary
S. DANIEL SMITH
Director
Barrett Jenkins
NORTH CAROLINA
Environmental Quality
April 19, 2021
DWR ID# 2017-1122 v2
Restoration Systems, LLC Pitt County
1101 Haynes Street, Suite 211
Raleigh, NC 27605
(via electronic mail: bienkins axestorationsystems.com)
Re: GUC Buffer Mitigation & Nutrient Offset Mitigation Banking Instrument (MBI)
GUC Bank Parcel Credit Release — Task 4
Dear Mr. Jenkins:
On December 21, 2020, the Division of Water Resources (DWR) received a Year 1 Monitoring
Report for the GUC bank parcel from Restoration Systems, LLC (RS). Based on the poor survival of
planted stems indicated in 29 of the 87 vegetation plots, RS included an Adaptive Management Plan
(AMP) in the Year 1 report, which also included the commitment to plant riparian areas around Plot
9 that were missed during the initial planting efforts. The AMP was fully implemented in February
2021. Herbaceous vegetation is dense across the site and no encroachment within the conservation
easement areas was observed.
DWR received a continuation certificate for performance bond (#107255999) in the amount of
$100,000 issued to RS 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 MBI, signed on February 17, 2020, 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 10% of your Nitrogen nutrient offset credits
(0.10 x 118,089.653 lb-N=11,808.965 lb-N) and 10% of your Phosphorus nutrient offset credits
(0.10 x 7,605.887 lbs-P = 760.589 lb-P) are now available to sell. Additionally, 10% of your Neuse
buffer Restoration credits (0.10 x 1,491,885.751 ft2 = 149,188.575 ft2) and 10% of your Neuse
buffer Preservation credits (0.10 x 6,824.342 ft2 = 2,729.740 ft2) are now available to sell.
R E Q'� North Carolina Department of Environmental Quality I Division of Water Resources
512 North Salisbury Street 1 1617 Mail Service Center I Raleigh, North Carolina 27699-1617
NJPTH CAPOUNA
Ewmti .Mur i.o�m�nia�.i� r 919.707.9000

GUC Site
Restoration Systems, LLC
April 19, 2021
Please note that nutrient offset credits generated at this site must be used for impacts in HUC
03020103 of the Tar -Pamlico River Basin 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 Tar -Pamlico River Basin in accordance with guidelines in the Consolidated Buffer
Mitigation Rule, 15A NCAC 02B .0295, which became effective on November 1, 2015.
Please contact me at [phone] if you have any questions regarding this correspondence.
cc:File Copy (Katie Merritt)
Sincerely,
�Do,.cuuSiigneedd Aby,
W 11\
A43C72700BD543E...
Katie Merritt
401 & Buffer Permitting Branch
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