Credit Release Task 4- CoxPond.docx

DocuSign Envelope ID: 59AFB633-C43A-4534-9D17-A9106B1448EE
ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHARD E. ROGERS, JR.
Director
John Hutton
NORTH CAROLINA
Environmental Quality
January 24, 2024
Wildlands Holdings III, LLC
(via electronic mail: jhuttongwildlandseng com )
DWR Project #: 2020-1942v2
Wayne County
Re: Wildlands Neuse Umbrella Mitigation Banking Instrument (UMBI)
Cox Pond Bank Parcel Credit Release — Task 4
Dear Mr. Hutton:
On September 29, 2023, the Division of Water Resources (DWR) received a Year 1 Monitoring
Report from Wildlands Holdings III, LLC (Wildlands) for the Cox Pond site. Overall, site conditions
appear to look good and no encroachment within the conservation easement areas was observed.
DWR received a bond rider and continuation certificate for the performance bond (# 107917455) 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) DWR Monitoring Financial Assurance Posted & Approval of As -Built Report 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:
• 10% of the Neuse buffer Restoration credits (0.10 x 418,562 ft2 = 41,856.200 ft2)
• 10% of the Neuse buffer Preservation credits (0.10 x 1,065.374 ft2 = 106.537 ft2)
• 10% of the Nitrogen nutrient offset credits (0.10 x 27,181.936 lb-N = 2,718.194 lb-N)
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: 59AFB633-C43A-4534-9D17-A9106B1448EE
Cox Pond Site
Wildlands
January 24, 2024
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
Upon receipt of this correspondence, update all credit ledgers accordingly. Please feel free to call
Katie Merritt at [phone] if you have any questions regarding this correspondence.
Sincerely,
DocuSigned by:
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755ABFOCD808428...
Stephanie Goss, Supervisor
401 & Buffer Permitting Branch
cc:File Copy (Blake Hartshorn)
Camden Brunick (Wildlands) — via electronic mail
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