HomeMy WebLinkAbout20191261 Ver 2_240307 - Kittrell Hill MY4 Signed Credit Release Request_20240307
117 Centrewest Court, Cary, NC 27513 | EcoTerra.com
March 7, 2024
CREDIT RELEASE REQUEST FORM
To: NCDEQ-DWR Nutrient Offset & Buffer Banking Coordinator
From: Jordan Burbage / jordan@ecoterra.com / 919-922-9508
Through: Eco Terra, LLC
We formally request a credit release for KITTRELL HILL (DWR ID# 2019-1261v2) for
completion of Task #8 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 #8: MY4 Annual Monitoring Report, Approved Monitoring Bond
Credits requested for release are detailed below:
Credit Type % Release Credit Amount
(include Units)
Notes/Comments
Buffer Restoration 5 18,190.850 ft2 MY4 Approved
Buffer Preservation
Buffer Enhancement
Generated Nitrogen
Nutrient Offset
5 1,057.353 lbs MY4 Approved
Delivered Nitrogen Nutrient
Offset (Jordan sites only)
Generated Phosphorus
Nutrient Offset
Delivered Phosphorus
Nutrient Offset (Jordan
sites only)
Signature:
Attachments:
1) Approved Project Credit Table (Include the most recent Asset Table approved by
DWR, whether it is the Plan 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 Plan)
3) Approved Monitoring Bond
Table 2: Buffer Project Components and Assets
Kittrell Hill Nutrient Offset and Riparian Buffer Mitigation
Bank DWR Project #: 2019-1261v2
Monitoring Year 0 – 2020
Kittrell Hill Nutrient Offset and Riparian Buffer Mitigation Bank, NCDWR Project#: 2019-1261v2, Project Mitigation Credits: 363,817 ft2 (RBC) and 21,147.061 lbs N (NOC)
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 Ditch Restoration 0-50 UT1 37,245 37,245 1 100% 1.00000 Yes 37,245.000 No ——
Buffer Rural Yes I / P Restoration 0-100 UT1 236,463 236,463 1 100% 1.00000 Yes 236,463.000 No ——
Nutrient Offset Rural Yes I / P Restoration 101-200 UT1 212,770 1 33%N/A —Yes 11,102.623 —
Buffer Rural Yes I / P Restoration 0-100 UT2 90,109 90,109 1 100% 1.00000 Yes 90,109.000 No ——
Nutrient Offset Rural Yes I / P Restoration 101-200 UT2 71,724 1 33%N/A —Yes 3,742.654 —
Nutrient Offset Rural No Ditch Restoration UT1 (51-200)120,767 1 No —Yes 6,301.783 —
Totals:769,078 363,817
Enter Preservation Credits Below Eligible for Preservation (ft2):121,272
Credit Type Location Subject?Feature Type Mitigation
Activity
Min-Max
Buffer Width
(ft)
Feature Name Total Area (sf)
Total
(Creditable)
Area for Buffer
Mitigation (ft2)
Initial Credit
Ratio (x:1)% Full Credit Final Credit
Ratio (x:1)
Riparian
Buffer Credits
Buffer Preservation —
Preservation Area Subtotal (ft2):0
Preservation as % Total Area of Buffer Mitigation:0.0%
Ephemeral Reaches as % Total Area of Buffer Mitigation:0.0%Square Feet Credits
363,817 363,817.000
0 0.000
0 0.000
0 363817 363,817 363,817.000
363817
Square Feet Credits
Nitrogen:21,147.061
1. The Randleman Lake buffer rules allow some ditches to be classified as subject according to 15A NCAC 02B .0250 (5)(a).Phosphorus:0.000
Enhancement:
Preservation:
Total Riparian Buffer:
TOTAL NUTRIENT OFFSET MITIGATION
Mitigation Totals
Nutrient
Offset:405,261
Neuse 03020203
19.16394
N/A
TOTAL AREA OF BUFFER MITIGATION (TABM)
Mitigation Totals
Restoration:
11
VIII. CREDIT RELEASE SCHEDULE
A. Upon submittal of all appropriate documentation by the Sponsor, and subsequent
approval by DWR, it is agreed that the Riparian Buffer Credits and Nutrient Offset
Credits associated with the Bank Parcel will become available for sale to a third
party in accordance with the Credit Release Schedule in Table 2 below:
Table 2.0 - Credit Release Schedule for Riparian Buffer and Nutrient Offset Credits
Task Project Milestone
Credit
Available for
Sale
I
MBI and BPDP Approved by DWR, Conservation Easement Recorded* and
Financial Assurance posted 20
2
Site Earthwork, Planting and Installation of Monitoring Devices Completed, all
applicable permits obtained 20
3 Monitoring Financial Assurance Posted and Approval of As-Built Report 10
4 Monitoring Report #1: App roved by the DWR** & financial assurance renewed 10
5 Monitoring Report #2: Approved by the DWR** & financial assurance renewed 10
6 Monitoring Report #3: Approved by the DWR** & financial assurance renewed 10
7
Item B (I) of Section X in this Instrument has been completed and approved by
DWR. 5
No remaining credits will be released until Task 7 has been satisfied, assigning the conservation
easement to an approved land trust or long-term steward.
8 Monitoring Report #4: Approved by the DWR** & financial assurance renewed 5
9
Monitoring Report #5: Approved by the DWR** and final site visit by DWR has
been conducted 10
Total 100%
For specification, please see Section V in this Instrument
DWR Approval provided upon a determination that the site is meeting performance standards contained
within the approved BPDP
B. DWR may modify the credit release schedule based on the information submitted
or the order in which required information is received. DWR will notify the
Sponsor of any modification to the credit release schedule.
C. DWR may consider a Credit Release Schedule for a Bank Parcel based on the
extent of change between current onsite conditions and proposed post construction
conditions.