Credit Release Task 2- Carraway Bluff II.docx

DocuSign Envelope ID: 77516E3E-BFA4-4969-A1E4-2955BB922A7C
ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHARD E. ROGERS, JR.
Director
Environmental Banc & Exchange, LLC
Attn: Jamey Mceachran
(via electronic mail: jmceachrangres.us )
NORTH CAROLINA
Environmental Quality
July 13, 2023
DWR Project #: 2014-0820v6
Wayne County
Re: RES 2022 Phase II Umbrella Mitigation Banking Instrument (UMBI)
Carraway Bluff Phase II Bank Parcel Credit Release — Task 2
Dear Ms. Mceachran:
On April 21, 2023, the Division of Water Resources (DWR) received documentation from
Environmental Banc & Exchange, LLC (EBX) that the Carraway Bluff Phase II site had been planted
and constructed in its entirety and monitoring plots had been installed. EBX also provided
documentation confirming that riparian restoration activities including riparian plantings and
installation of all monitoring plots for the Carraway Bluff Full -Delivery Mitigation Site for the
Division of Mitigation Services (DMS ID# 10016) had been fully completed. On May 16, 2023,
staff with DWR, with assistance from staff with EBX, inspected the site and confirmed that the
subject site had been mostly adequately planted, all monitoring plots were installed and the
conservation easement was mostly adequately marked. DWR communicated concerns with EBX
regarding supplemental planting needed as well as non -diffused flows onsite where unstable and
unseeded banks were contributing sediment loss into ditches and streams. On July 5, 2023, EBX
submitted documentation to DWR confirming that all remedial work and supplemental planting
efforts had been fully implemented and addressed.
DWR received a performance bond (#612402526) issued to EBX from United States Fire Insurance
Company, in the amount of $150,000, to cover performance obligations for the construction of the
subject site. The term of this bond is from February 6, 2023, through February 6, 2024.
In accordance with the UMBI (DWR ID# 2021-0306v2), signed on April 22, 2022, the following
Project Milestones have been met and the corresponding credits shall be released:
Task/Milestones
Credit
2) All riparian Earthwork & Mitigation activities, planting and installation 20%
of monitoring devices completed for both the Carraway Bluff Full Delivery
Site and the Bank Parcel, easement boundaries adequately marked,
all applicable permits obtained. A site visit performed by DWR
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 and are now
available to sell:
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: 77516E3E-BFA4-4969-A1E4-2955BB922A7C
Carraway Bluff Site
EBX
July 13, 2023
• 20% of the Neuse buffer Restoration credits (0.20 x 256,851.038 ft2 = 51,370.208 ft2)
• 20% of the Neuse buffer Preservation credits (0.20 x 6,231.770 ft2=1,246.354 ft2)
• 20% of the Nitrogen nutrient offset credits (0.20 x 49,260.784 lb-N = 9,852.157 lb-N)
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 contact
Katie Merritt at [phone] if you have any questions regarding this correspondence.
cc:File Copy (Blake Hartshorn)
Travis Cooke (EBX) — via electronic mail
Sincerely,
EA
DocuSigned by:
&ad POVI
32BDA3BFE00 4C5...
Michael Pjetraj, Deputy Director
Division of Water Resources
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