Credit Release Task 3

North Carolina Department of Environmental Quality Division of Water Resources
512 North Salisbury Street 1611 Mail Service Center Raleigh, North Carolina 27699-1611
919.707.9000

March 26, 2024

John Hutton DWR Project #: 2020-1095
Wildlands Holdings VI, LLC Alexander County
(via electronic mail: [e-mail] )

Re: Wildlands Catawba Umbrella Mitigation Banking Instrument (UMBI)
Double Rock Bank Parcel Credit Release – Task 3

Dear Mr. Hutton:

On September 1, 2023, the Division of Water Resources (DWR) received an As-Built Report from
Wildlands Holdings VI, LLC (Wildlands) for the Double Rock buffer Site. A corrected report was
submitted to DWR on January 24, 2024. According to the As-Built survey and corresponding project
credits table submitted with the As-Built Report, there are slight adjustments in the total amounts of
Riparian Buffer credits as compared to the approved Buffer Mitigation Plan. The subject site has
generated 268,564 ft2 of buffer restoration credits and 17,910.200 ft2 of buffer preservation credits
for a total of 286,564.200 ft2 of buffer credits.

DWR received a performance bond (#107977143) issued to Wildlands from Travelers Casualty and
Surety Company of America, in the amount of $100,000, to cover monitoring and maintenance at the
subject site. The term of this bond applies beginning February 5, 2024, and ends with DWR
approval of the Year 1 Monitoring Report. Future credit releases will be dependent on both the
renewal of this performance bond and the annual monitoring reports.

In accordance with the UMBI, signed on September 12, 2022, the following Project Milestones have
been met and the corresponding credits shall be released:

By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above-referenced tract and therefore, the following credits are being released and are now
available to sell:

 10% of buffer restoration and buffer preservation credits (0.10 x 286,564.200 ft2 =
28,656.420 ft2 ) minus 24,204.510 ft2 yields 4,451.910 ft2

Task/Milestones Credits
Released

3) Monitoring financial assurance posted & approval of As-Built
Report
10%
DocuSign Envelope ID: 80BE2149-62F8-4145-846A-F0C8FE951BDC

Double Rock Site
Wildlands
March 26, 2024

Page 2 of 2

Please note that these riparian buffer credits can be provided to offset permitted buffer
impacts within the 03050101 Hydrologic Unit Code of the Catawba River 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 [e-mail] if you have any questions
regarding this correspondence.

Sincerely,

Stephanie Goss, Supervisor
401 & Buffer Permitting Branch

cc:File Copy (Blake Hartshorn)
Camden Brunick (Wildlands) – via electronic mail

DocuSign Envelope ID: 80BE2149-62F8-4145-846A-F0C8FE951BDC