HomeMy WebLinkAbout20201664 Ver 2_Bells Bridge Credit Release Request Form Task 7 4.16.2024_20240416Restoration Systems, LLC
1101 Haynes St. Suite 211
Raleigh, North Carolina
Ph: (919) 755-9490
Fx: (919) 755-9492
4/16/2024
CREDIT RELEASE REQUEST FORM
To: NCDEQ-DWR Nutrient Offset & Buffer Banking Coordinator
From: Barrett Jenkins, bjenkins@restorationsystems.com, 512.230.0424
Through: RESTORATION SYSTEMS, LLC
We formally request a credit release for the Bells Bridge Nutrient Offset Site (2020-1664v2) for
completion of Task 7 per the approved credit release schedule, which is included in the attachments
with this request.
The following documents have been submitted to DWR previously: conservation easement
assignment. Credits requested for release are detailed below:
Credit Type % Release Credit Amount
(include Units)
Notes/Comments
Buffer Restoration
Buffer Preservation
Buffer Enhancement
Generated Nitrogen Nutrient
Offset
Task 7 - 5% 4,065.42
Delivered Nitrogen Nutrient
Offset (Jordan sites only)
Generated Phosphorus Nutrient
Offset
Task 3 - 10% 261.84
Delivered Phosphorus Nutrient
Offset (Jordan sites only)
Signature:
Attachments: 1) Approved Credit Release Schedule 2) Asbuilt credit release table
8
VIII. CREDIT RELEASE SCHEDULE FOR EACH BANK PARCEL
A. Upon submittal of all appropriate documentation by the Sponsor, and subsequent approval by
DWR, it is agreed that Nutrient Offset Credits associated with each Bank Parcel will become
available to sell to a third party in accordance with the Credit Release Schedule in Table 3.0.
Table 3.0 - Credit Release Schedule for Nutrient Offset Credits
Task Project Milestone
% Credit
Available for
Sale
1 Instrument and BPDP Approved by DWR, Conservation Easement
Recorded*, Financial Assurance Posted 20
2
All Riparian Earthwork, Planting and Installation of Monitoring Devices
Completed, Easement Boundaries are marked, and all applicable permits
obtained. A site visit by DWR is required for this task.
20
3 Monitoring Financial Assurance Posted and Approval of As-Built Report 10
4 Monitoring Report #1: Approved by the DWR** & financial assurance
renewed 10
5 Monitoring Report #2: Approved by the DWR** & financial assurance
renewed 10
6 Monitoring Report #3: Approved by the DWR** & financial assurance
renewed 10
7 Item B (1) of Section X in this Instrument has been completed and approved
by DWR. 5
No remaining credits will be released until the conservation easement has
been assigned to an approved land trust or stewardship
8 Monitoring Report #4: Approved by the DWR** & financial assurance
renewed 5
9 Monitoring Report #5: Approved by the DWR** and final site visit by DWR
has been conducted 10
Total 100%
* For specification, please see Section V in this Instrument
** DWR Approval provided upon a determination that the site is meeting success criteria
contained within the approved BPDP
B. DWR may modify the credit release schedule based on the information submitted or the order in
which required information is received. DWR will notify the Sponsor of any modification to the
credit release schedule.
C. Any major deviations to the Bank Parcels that were not authorized in writing by DWR prior to
implementation may affect the amount of nutrient offset credits that will be generated by the Bank
Parcels.
Table 1. BELLS BRIDGE, 2020‐1664 v2, Project Credits
Project Area
N Credit Conversion Ratio (ft2/pound)
P Credit Conversion Ratio (ft2/pound)
Credit Type Location
Subject?
(enter NO if
ephemeral or
ditch 1)
Feature Type Mitigation Activity Min‐Max Buffer
Width (ft)Feature Name Total Area (ft2)
Total (Creditable)
Area of Buffer
Mitigation (ft2)
Initial Credit
Ratio (x:1)% Full Credit Final Credit
Ratio (x:1)
Convertible to
Riparian
Buffer?
Riparian Buffer
Credits
Convertible to
Nutrient Offset?
Delivered
Nutrient
Offset: N (lbs)
Delivered
Nutrient
Offset: P (lbs)
Nutrient Offset Rural No Ditch Restoration 0‐100 Ea 170,038 1 100% No — Yes 8,872.810 571.478
Nutrient Offset Rural No Ditch Restoration 101‐200 Ea 176,837 1 33% No — Yes 9,227.591 594.328
———
Nutrient Offset Rural No I / P Restoration 0‐100 A, D, and Eb 489,233 1 100% No — Yes 25,528.832 1,644.254
Nutrient Offset Rural No I / P Restoration 101‐200 A, D, and Eb 722,646 1 33% No — Yes 37,708.634 2,428.728
———
Nutrient Offset Rural No I / P Restoration
Non‐Credit Area;
Less Than 50‐Ft
Feature A
849 1 No — No — —
———
———
———
———
———
———
———
———
———
———
———
———
Totals (ft2):1,559,603 0 0.000 81,337.867 5,238.787
Total Buffer (ft2):00
Total Nutrient Offset (ft2):1,559,603 N/A
Total Ephemeral Area (ft2) for Credit:00
Total Eligible Ephemeral Area (ft2):0#DIV/0!Ephemeral Reaches as % TABM
Enter Preservation Credits Below Total Eligible for Preservation (ft2):00.0%Preservation as % TABM
Credit Type Location Subject? Feature Type Mitigation Activity Min‐Max Buffer
Width (ft)Feature Name Total Area (sf)
Total (Creditable)
Area for Buffer
Mitigation (ft2)
Initial Credit
Ratio (x:1)% Full Credit Final Credit
Ratio (x:1)
Riparian
Buffer Credits
Buffer —
Buffer —
Buffer —
Buffer —
Buffer —
Preservation Area Subtotals (ft2):00
Square Feet Credits
0 0.000
0 0.000
0 0.000
0 0.000
Square Feet Credits
Nitrogen:81,337.867
Phosphorus:5,238.787
Tar‐Pamlico 03020102
19.16394
297.54099
Restoration:
Enhancement:
Mitigation Totals
1,559,603
TOTAL AREA OF BUFFER MITIGATION (TABM)
TOTAL NUTRIENT OFFSET MITIGATION
Mitigation Totals
Nutrient Offset:
Preservation:
Total Riparian Buffer:
1. The Randleman Lake buffer rules allow some ditches to be classified as subject according to 15A NCAC 02B .0250 (5)(a).
last updated 08/03/2020