20181428 Ver 2_Credit Release Task 4

DocuSign Envelope ID: A3203BIC-95C9-433B-B7F2-OB7AB5A44A54
ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHARD E. ROGERS, JR.
Director
NORTH CAROLINA
Environmental Quality
April 3, 2024
Travis Hamrick
EcoMAA Holdings 1, LLC
(via electronic mail: thamrick&ecomitigation.com
Re: Wall 11 Mitigation Banking Instrument (MBI)
Wall 11 Bank Parcel Credit Release — Task 4
Dear Mr. Hamrick,
DWR Project #: 2018-1428v2
Randolph County
On December 20, 2023, the Division of Water Resources (DVv'R) received a Year I Monitoring
Report from EcoMAA Holdings 1, LLC (EcoMAA) for the Firestone BufferNutrient Offset site.
Overall, site conditions appear to look good, performance standards for vegetation are met and only a
minor encroachment within the conservation easement area was noted and has been resolved.
Additionally, the supplemental documentation required per the Adaptive Management Plan, to be
submitted with the Year I monitoring report, was also included.
DVVR received a performance bond (#1001157220) issued to EcoMAA Holdings 1, LLC from US
Specialty Insurance Company, in the amount of $57,250, to cover monitoring and maintenance at the
subject site. The term of this bond ends with DWR approval of the Year 2 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 MBI, signed on September 29, 2022, the following Project Milestones have
been met and the corresponding credits shall be released:
Task/Milestones Credit
4) Monitoring Report #1 Approved by DVvR & Financial Assurance Renewed 10%
By copy of this correspondence, DVv'R confirms that you have satisfied the above requirements for
the above -referenced tract and the following credits are released to sell:
0 10% of the Randleman buffer Restoration credits (0. 10 x 319,206.228 ft2 = 31,920.623 ft2)
0 10% of the Randleman buffer Preservation credits (0. 10 x 5,049.546 ft2 = 504.955 ft2)
Total Riparian Buffer Credits released is 32,425.578 ft'
Please note that the riparian buffer credits must be used for impacts in the Randleman Lake
Watershed according to guidelines in the Consolidated Buffer Mitigation Rule, 15A NCAC
02B .0295, which became effective on November 1, 2015.
North Carolina Department of Environmental Quality I Division of Water Resources
512 North Salisbury Street 1 1611 Mail Service Center I Raleigh, North Carolina 27699-1611
919.707.9000
4NORT�HCA�RCLINA�

DocuSign Envelope ID: A3203BIC-95C9-433B-B7F2-OB7AB5A44A54
Wall 11 Site
EcoMAA
April 3, 2024
Upon receiving this letter, update all credit ledgers accordingly. Feel free to contact Katie Merritt at
katie.meffittkdeq.nc.gov if you have any questions regarding this correspondence.
cc:File Copy (Blake Hartshorn)
Sincerely,
DocuSigned by,
28.
Stephanie Goss, Supervisor
401 & Buffer Permitting Branch
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