Norman Creek Subdivision Starker SOA 02-29-2024.pdf

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WATER & LAND
SOLUTIONS
WLS Catawba 01-Starker Umbrella Mitigation Bank
Statement of Availability February 29, 2024
U.S. Army Corps of Engineers
Kimberly Browning
Raleigh Regulatory Field Office
3331 Heritage Trade Center, Suite 105
Wake Forest, NC 27587
Re Project: Norman Creek Subdivision
This document confirms that Prestige Corporate Development, LLC (Applicant) for the Norman
Creek Subdivision (Project) has expressed an interest to utilize 483.00 Stream Mitigation Credits from
the Water & Land Solutions, LLC sponsored WLS Catawba 01 Umbrella Mitigation Bank, specifically
483.00 stream credits from the Starker Site, in the Catawba 01 HUC 03050101. As the official Bank
Sponsor, Water & Land Solutions, LLC, attests to the fact that mitigation is available for reservation at
this time.
These mitigation credits are not considered secured, and consequently are eligible to be used for alternate
purposes by the Bank Sponsor, until payment in full is received from the Applicant resulting in the
issuance of a Mitigation Credit Transfer Certificate by the bank acknowledging that the Applicant has
fully secured credits from the bank and the Banker has accepted full responsibility for the mitigation
obligation requiring the credits/units.
The Banker will issue the Mitigation Credit Transfer Certificate within three (3) days of receipt of the
purchase price. Banker shall provide to Applicant a copy of the Mitigation Credit Transfer Certificate and
a documented copy of the debit of credits from the Bank Official Credit Ledger(s), indicating the permit
number and the resource type secured by the applicant. A copy of the Mitigation Credit Transfer
Certificate, with an updated Official Credit Ledger will also be sent to regulatory agencies showing the
proper documentation. This Reservation Sales Agreement shall terminate on May 29, 2024, unless
extended by written agreement between the Seller and Buyer, and all reserved credits will no longer be
held for the project.
If any questions need to be answered, please contact me at 239-322-7276.
Best Regards,
Riane Welbourne
Water & Land Solutions, LLC
7721 Six Forks Road, Suite 130
Raleigh, NC 27615