20191639 Ver2_Credit Release Task 6

DocuSign Envelope ID: 10162295-EEF3-4CFA-ABDC-EOF683A268F1
ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHARD E. ROGERS, JR.
Director
Shawn Wilkerson
NORTH CAROLINA
Environmental Quality
March 7, 2024
Wildlands Holdings III, LLC
(via electronic mail: swilkersongwildlandseng com )
Re: Long Pond Mitigation Banking Instrument (MBI)
Long Pond Bank Parcel Credit Release — Task 6
Dear Mr. Wilkerson,
DWR Project #: 2019-1639v2
Wayne County
On December 8, 2023, the Division of Water Resources (DWR) received a Year 3 Monitoring Report
from Wildlands Holdings III, LLC (Wildlands) for the Long Pond site. Overall, site conditions were
decent, but a large portion of the site had high mortality. At the request of Wildlands, DWR assisted
Wildlands staff onsite on January 17, 2024, to observe areas that needed supplemental planting and
other adaptive management. On January 23, 2024, Wildlands submitted an adaptive management
plan along with site notes from the site visit. On February 28, 2024, Wildlands submitted
documentation to DWR that all adaptive management proposed had been fully implemented,
including the thinning of sweet gums in densely populated areas and planting the encroachment area.
DWR received a continuation certificate for performance bond (#107501178) issued to Wildlands
from Travelers Casualty and Surety Company of America, in the amount of $80,000, to cover
monitoring and maintenance at the subject site. The term of this bond ends with the approval of the
Year 4 Monitoring Report by the DWR. 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 December 10, 2020, the following Project Milestones have
been fully met and the corresponding credits shall be released:
Task/Milestones Credit
6) Monitoring Report #3: Approved by the DWR & financial assurance renewed 10%
By copy of this correspondence, DWR confirms that you have fully satisfied the above requirements
for the above -referenced tract and therefore the following credits are released:
• 10% of the Neuse buffer Restoration credits (0.10 x 231,100 ft2 = 23,110.000 ft2) now
available to sell.
• 10% of the Neuse buffer Preservation credits (0.10 x 7,703.300 ft2 = 770.330 ft2) now
available to sell.
• 10% of the Nitrogen nutrient offset credits (0.10 x 59,286.921 lb-N = 5,928.692 lb-N) 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
p.P.b..d.1�.n­w 919.707.9000

DocuSign Envelope ID: 10162295-EEF3-4CFA-ABDC-EOF683A268F1
Long Pond Site
Wildlands
March 7, 2024
Please note that nutrient offset credits generated at this site must be used for impacts in HUC
03020201 of the Neuse River Basin 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, excluding the Falls Watershed, in
accordance with guidelines in the Consolidated Buffer Mitigation Rule, 15A NCAC 02B .0295,
which became effective on November 1, 2015.
Please feel free to contact Katie Merritt at [phone] if you have any questions regarding this
correspondence.
Sincerely,
IS
Docu'S.ig-ned ,by: �A
t' GbSS
755ABFOCD8OB428...
Stephanie Goss, Supervisor
401 & Buffer Permitting Branch
cc:File Copy (Blake Hartshorn)
Camden Brunick (Wildlands) — via electronic mail
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