20180179 Ver 1_Grassy Creek Tribs MY3_Credit Release Schedule_signed

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
5,057
4,987
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% 758.55 15%15%12/30/2019 1/31/2020
2 (Year 0/As‐Built)3 15% 737.55 15%15%9/30/2021 12/16/2021
3 (Year 1 Monitoring)10% 498.70 10%10%2/28/2022 3/31/2022
4 (Year 2 Monitoring)10% 498.70 10%15%12/20/2022 1/5/2023
5 (Year 3 Monitoring)10% 498.70 15%20%1/31/2024
6 (Year 4 Monitoring)5% 249.35 5%10%1/31/2025
7 (Year 5 Monitoring)10% 498.70 15%15%1/31/2026
8 (Year 6 Monitoring)5% 249.35 5%NA NA 1/31/2027
9 (Year 7 Monitoring)10% 498.70 10%NA NA 3/30/2028
Stream Bankfull Standard4 10% 498.70 NA NA NA NA NA Varies4
Total Credits Release to Date
Date
Surry
03040101
2018
11/20/2023
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): None
Signature of Wilmington District Official Approving Credit Release
Grassy Creek Tributaries
Water & Land Solutions, LLC
SAW‐2017‐02528
2018‐0179v1
Potential Credits from Mitigation Plan
Forested Wetland Credits
Total Potential Credits 
Projected 
Release Date
1/29/2024
1/29/2024