20190661 Ver 1_Task 6 Credit Release Request Sassarixa Swamp II_20240226

February 26, 2024
CREDIT RELEASE REQUEST FORM
To: NCDEQ-DWR Nutrient Offset & Buffer Banking Coordinator
From: Kaitlyn Hogarth ([e-mail], 540-907-9432)
Through: Wildlands Holdings III, LLC
We formally request a credit release for the Sassarixa Swamp II Nutrient Offset and Buffer
Mitigation Bank Parcel (DWR ID# 2019-0661v1) for completion of Task 6 per the approved credit
release schedule, which is included in the Attachments with this request. The following documents
have been submitted to DWR for Task 6 and have been approved: Sassarixa Swamp II Nutrient
Offset and Buffer Mitigation Bank Parcel Monitoring Year 3 Report and the renewed monitoring
bond.
Credits requested for release are detailed below:
Credit Type % Release Credit Amount
(include Units)
Notes/Comments
Buffer Restoration 10% 28,375.200 Square Feet
Buffer Preservation NA NA
Buffer Enhancement 10%1
5%2
3,428.762 Square Feet1
3,116.487 Square Feet2
Enhancement and
enhancement via
cattle exclusion1
Coastal headwater2
Generated Nitrogen Nutrient
Offset
10% 3,351.200 pounds
Delivered Nitrogen Nutrient
Offset (Jordan sites only)
NA NA
Generated Phosphorus Nutrient
Offset
NA NA
Delivered Phosphorus Nutrient
Offset (Jordan sites only)
NA NA
Signature:
Attachments: 1) Approved Project Credit Table (include the most recent Asset Table approved by
DWR, whether it is the BPDP table or the As-Built table), 2) Approved Credit Release Schedule
Include the approved credit release schedule, whether it is the credit release schedule from the
MBI/UMBI or from the BPDP,
Project Area
N Credit Conversion Ratio (ft2/pound)
P Credit Conversion Ratio (ft2/pound)
Credit Type Location
Subject?
(enter NO if
ephemeral or
ditch 1)
Feature Type Mitigation Activity
Min-Max
Buffer
Width (ft)
Feature Name Total Area (ft2)
Total
(Creditable)
Area of Buffer
Mitigation (ft2)
Initial
Credit
Ratio
(x:1)
% Full
Credit
Final
Credit
Ratio (x:1)
Convertible
to Riparian
Buffer?
Riparian Buffer
Credits
Convertible
to Nutrient
Offset?
Delivered
Nutrient
Offset: N
(lbs)
Delivered
Nutrient
Offset: P
(lbs)
Buffer Rural No Ephemeral Restoration 0-100 T3 25,770 25,770 1 100%1.00000 Yes 25,770.000 Yes 1,344.713 —
Buffer Rural Yes Coastal Headwater Restoration 0-100 T5C 29,697 29,697 1 100% 1.00000 Yes 29,697.000 No — —
Buffer Rural Yes Coastal Headwater Restoration 101-200 T5C 98,887 98,887 1 33% 3.03030 Yes 32,632.743 No — —
Buffer Rural Yes I / P Restoration 0-100
T1, T1A, T1B,
T3, T4, T5, T5A,
T5B, T6
257,982 257,982 1 100% 1.00000 Yes 257,982.000 Yes 13,461.846 —
Nutrient Offset Rural Yes I / P Restoration 101-200
T1, T1A, T1B,
T3, T4, T5, T5A,
T5B, T6
506,891 1 33%No —Yes 26,450.250 —
Buffer Rural Yes I / P Enhancement via
Cattle Exclusion 0-100 T1, T1A, T3, T6 53,353 53,353 2 100% 2.00000 Yes 26,676.500 No — —
Buffer Rural Yes I / P
Enhancement via
Cattle Exclusion 101-200 T1, T1A, T3, T6 46,128 46,128 2 33% 6.06061 Yes 7,611.115 No — —
Nutrient Offset Rural No Ditch Restoration 0-200 T3 135,331 135,331 1 100%1.00000 No —Yes 7,061.752 —
Totals (ft2):1,154,039 647,148 380,369.358 48,318.561 0.000
Total Buffer (ft2):511,817 511,817
Total Nutrient Offset (ft2):642,222 N/A
Square Feet Credits
919,227 513,355.940
99,481 34,287.615
0 0.000
1,018,708 547,643.555
Square Feet Credits
Nitrogen:7,061.752
Phosphorus:0.000
Nutrient Offset:135,331
Enhancement:
Preservation:
Total Riparian Buffer:
TOTAL NUTRIENT OFFSET MITIGATION
Mitigation Totals
#N/A
TOTAL AREA OF BUFFER MITIGATION (TABM)
Mitigation Totals
Restoration:
Table 1. Buffer Project Areas and Assets
Sassarixa Swamp II Nutrient Offset and Buffer Mitigation Bank Parcel
Monitoring Year 0 - 2021
Neuse 03020201 - Outside Falls Lake
19.16394

Sassarixa Swamp Credit Release Schedule 

Task Project Milestone 
% Credit 
Available 
for Sale 
% Riparian Buffer Credit 
Release within Coastal 
Headwaters Areas 
1 Instrument and BPDP Approved by DWR, Conservation Easement Recorded, 
Financial Assurance Posted, and Draft Stream Mitigation Plan Approved by IRT 20 None 
2 Mitigation Site Earthwork, Planting and Installation of Monitoring Devices 
Completed, and all Applicable Permits Obtained 20 None 
3 Monitoring Financial Assurance Posted and Approval of As‐Built Report 10 25 
4 Monitoring Report #1: Approved by the DWR * & financial assurance renewed 10 10 
5 Monitoring Report #2: Approved by the DWR * & financial assurance renewed 10 10 
6 Monitoring Report #3: Approved by the DWR * & financial assurance renewed 10 5 
7 Item B(1) of Section X in this Instrument has been completed and approved by 
DWR 5 5 
 No remaining credits will be released until the conservation easement has 
been assigned to an approved land trust or stewardship   
8 Monitoring Report #4: Approved by the DWR * & financial assurance renewed 5 5 
9 
Monitoring Report #5: Approved by the DWR* & financial assurance renewed 
for coastal headwater buffer areas, and final site visit by DWR has been 
conducted for nutrient offset areas 
10 20 
10 Monitoring Report #6: Approved by the DWR* & financial assurance renewed 
for coastal headwater buffer areas N/A 10 
11 Monitoring Report #7: Approved by the DWR* & final site visit by DWR has 
been conducted for coastal headwater buffer areas N/A 10 
 Total 100% 100%