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HomeMy WebLinkAboutRS_Motes Creek_MY6 Credit Release ScheduleSAW‐2015‐001696 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 5345.000 0.920 5345.000 0.920 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% 801.750 15% 0.138 12/1/2017 9/29/2017 2 (Year 0/As‐Built)3 15% 801.750 15% 0.138 6/1/2018 5/2/2018 3 (Year 1 Monitoring)10% 534.500 10% 0.092 12/1/2018 11/13/2018 4 (Year 2 Monitoring)10% 534.500 10% 0.092 12/1/2019 12/5/2019 Stream Bankfull 4 5% 267.250 NA 0.000 12/1/2019 12/5/2019 5 (Year 3 Monitoring)10% 534.500 10% 0.092 11/19/2020 11/19/2020 6 (Year 4 Monitoring)5% 267.250 10% 0.092 2021 1/19/2022 Stream Bankfull 4 5% 267.250 NA 0.000 2021 1/19/2022 7 (Year 5 Monitoring)10% 534.500 10% 0.092 2022 2/7/2023 8 (Year 6 Monitoring)5%267.250 10% 0.092 2023 9 (Year 7 Monitoring)10% 534.500 10% 0.092 2024 Total Credits Release to Date 90%4,810.500 50% 0.460 Contingencies (if any): The CF02 Umbrella Mitigation Bank has a credit release schdule for streams and wetlands that is different than other Banks in the District.  Signature of Wilmington District Official Approving Credit Release Date Current and Future Credit Releases Credit Release Milestone Stream Credits Forested Wetland Credits Non‐Forested Wetland  Credits Projected  Release Date Actual Release  Date Potential Credits from As‐Built Survey SAW‐2015‐01696 Year Project Instituted: 2017 2014 1149 v2 Date Prepared: 1/22/2024 Total Potential Credits  Credit Classification Stream Credits Forested Wetland Credits* Potential Credits from Mitigation Plan Wilmington District Mitigation Bank Credit Release Schedule Motes Creek County: Alamance Restoration Systems 8‐Digit HUC: 03030002 * Wetland credits can be released according to the MBI credit release schedule at the request of the Sponsor. 4 ‐ A 10% total reserve of credits to be held back until the bankfull event performance standard has been met. See Bank's MBI 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.       Any discrepancy (either positive or negative) is made up during the second credit release. 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. 1 ‐ The first credit release milestone is based on the potential credits stated in the approved mitigation plan. 4/12/2024 4/12/2024