Double Rock_MY1_Credit Release Schedule_signed

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
4556.1
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%778.19 15%15%Dec-22 10/20/2022
2 (Year 0/As-Built)3 15%666.69 15%15%Aug-23 9/27/2023
3 (Year 1 Monitoring)10%444.46 10%10%Mar-24
4 (Year 2 Monitoring)10%444.46 10%15%Mar-25
5 (Year 3 Monitoring)10%444.46 15%20%Mar-26
6 (Year 4 Monitoring)5%222.23 5%10%Mar-27
7 (Year 5 Monitoring)10%444.46 15%15%Mar-28
8 (Year 6 Monitoring)5%222.23 5%NA NA Mar-29
9 (Year 7 Monitoring)10%444.46 10%NA NA Mar-30
Stream Bankfull Standard4 10%444.46 NA NA NA NA NA NA Varies4
Total Credits Release to Date 4,556.10 -
Date
Wilmington District Mitigation Bank Credit Release Schedule
Double Rock Mitigation Site County:Alexander
Wildlands Holdings VI, LLC 8-Digit HUC:03050101
Potential Credits from As-Built Survey
SAW-2020-01532 Year Project Instituted:2022
2020-1095v1 Date Prepared:2/5/2024
Total Potential Credits
Credit Classification
Stream Credits Forested Wetland Credits
Potential Credits from Mitigation Plan
Current and Future Credit Releases
Credit Release Milestone
Stream Credits Forested Wetland Credits Non-Forested Wetland
Credits Projected
Release Date
Actual Release
Date
4 - A 10% reserve of credits to be held back until the bankfull event performance standard has been met.
Contingencies (if any): Credit Release 1 is 15% R&EII and 100% Preservation
Signature of Wilmington District Official Approving Credit Release
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.
3/15/2024
3/15/2024