HomeMy WebLinkAbout20240281 Ver 1_More Info Received_20240326BACHELORS DELIGHT MITIGATION BANK
CREDIT RESERVATION LETTER
March 26, 2024
TO: Alusa Management, LLC
c/o Mike Edwards
103-A Bluewater Lane
Surf City NC 28445
Project: Hurricane Hole North — Onslow County
Dear Mike:
FROM: Bachelors Delight Mitigation Bank
c/o Davey Resource Group
3805 Wrightsville Avenue, Suite 15
Wilmington, NC 28403
Pursuant to a submitted credit request, Bachelors Delight Mitigation Bank (BDMB) is providing confirmation
of acceptance to supply non -riparian wetland credits for impacts associated with the Hurricane Hole North
project in Onslow County, North Carolina. This acceptance is conditional upon receipt of payment as
outlined below. Please refer to the table below depicting the type and quantity of credits requested and
reserved for your project.
I Mitigation Type
Credits Reserved
Fee Per Unit I
Fee
Stream
0 F_
$740.09 F_
$0.00
[Non -Riparian Wetland
0.76
$101,624.40
$77,234.54
Riparian Wetland
0.0
$101,624.40 r
$0.00
Total Fee
$77,234.54
Based upon receipt of the project credit request transmitted on March 25, 2024, BDMB will reserve 0.76
Non -Riparian Wetland Credits for a period of up to 90 days from the date of this letter. Note that requests
to reserve credits beyond 90 days will require a deposit. Please contact us if you need a reservation to
extend beyond the 90-day period.
Upon request for receipt of credit transfer, BDMB will issue an invoice in the amount of $77,234.54.
Upon receipt of payment, BDMB will provide an executed Transfer of Credit Certificate. Note that all
payments must be made with certified funds. It is the applicant's responsibility to ensure that the credit
types and amounts requested are consistent with the compensatory mitigation requirements of the
permit(s) issued. BDMB and/or its agents are not responsible for determining the applicant's mitigation
requirements. If you have any questions or need additional information, please contact me by phone at
(910) 452-0001 or by email at Christian.preziosi@davey.com.
Sincerely,
Bachelors Delight Mitigation Bank
Christian Preziosi
Davey Resource Group (Agent)