MY5 Bethel Branch Credit Release Schedule

Project Name:
Sponsor Name:
USACE Action ID:
NCDWQ Action ID:
Non-Forested
Wetland
Credits
Warm
Water
Cool
Water
Cold
Water
Riparian
Riverine
Riparian
Non-Riverine Non-Riparian Coastal
5,228 N/A N/A 3.107 N/A N/A N/A
5,202 N/A N/A 3.14 N/A N/A N/A
Scheduled
Releases
Warm
Water
Cool
Water
Cold
Water
Scheduled
Releases
Riparian
Riverine
Riparian
Non-Riverine Non-Riparian Scheduled
Releases Coastal
1 (Bank/Site Establishment)1, 2 15%780.30 N/A N/A 15%0.471 N/A N/A 15%N/A 10/21/2019
2 (Year 0/As-Built)3 15%780.30 N/A N/A 15%0.471 N/A N/A 15%N/A 10/21/2019
3 (Year 1 Monitoring)10%520.20 N/A N/A 10%0.314 N/A N/A 10%N/A 2/25/2020
4 (Year 2 Monitoring)10%520.20 N/A N/A 10%0.314 N/A N/A 15%N/A 1/28/2021
5 (Year 3 Monitoring)10%520.20 N/A N/A 15%0.471 N/A N/A 20%N/A 3/18/2022
6 (Year 4 Monitoring)5%260.10 N/A N/A 5%0.157 N/A N/A 10%N/A 1/20/2023
7 (Year 5 Monitoring)10%520.20 N/A N/A 15%0.471 N/A N/A 15%N/A February 2024
8 (Year 6 Monitoring)5%260.10 N/A N/A 5%0.157 N/A N/A NA NA February 2025
9 (Year 7 Monitoring)10%520.20 N/A N/A 10%0.314 N/A N/A NA NA February 2026
Stream Bankfull Standard4 10%520.20 N/A N/A NA NA NA NA NA NA 1/20/2023
Total Credits Release to Date 75%3,901.50 70%2.198
Date
Chatham
03030002
2016
18-Dec-23
County:
8-Digit HUC:
Year Project Instituted:
Date Prepared:
Actual Release
Date
Potential Credits from As-Built Survey
Stream Credits
Credit Classification
Non-Forested Wetland
CreditsForested Wetland CreditsStream Credits
Current and Future Credit Releases
Credit Release Milestone
Wilmington District Mitigation Bank Credit Release Schedule
4 - A 10% reserve of credits to be held back until the bankfull event performance standard has been met.
1 - The first credit release milestone is based on the potential credits stated in the approved mitigation plan.
2 - The first credit release shall occur upon establishment of the mitigation bank, which includes the following criteria:
1) Execution of the MBI or UMBI by the Sponsor and the USACE;
2) Approval of the final Mitigation Plan;
3) Mitigation bank site must be secured;
4) Delivery of the financial assurances described in the Mitigation Plan;
5) Recordation of the long-term protection mechanism and title opinion acceptable to the USACE;
6) 404 permit verification for construction of the site, if required.
3 - The second credit release is based on the credit totals from the as-built survey, and may differ slightly from the credit totals stated in the mitigation plan.
Contingencies (if any): None
Signature of Wilmington District Official Approving Credit Release
Cane Creek UMBI - Bethel Branch Mitigation Site
Wildlands Holdings IV, LLC
SAW-2016-02365
2017-0887v1
Potential Credits from Mitigation Plan
Forested Wetland Credits
Total Potential Credits
Projected
Release Date
3/21/2024
3/21/2024