20201937 Ver 2_Credit Release Task 5 - Dead Tree B

DocuSign Envelope ID: ADB3C45E-E3C3-4082-8E48-772EE9F52BBF
ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHARD E. ROGERS, JR.
Director
NORTH CAROLINA
Environmental Quality
April 12, 2024
Barrett Jenkins DWR ID# 2020-19370
Restoration Systems, LLC Edgecombe County
(via electronic mail: bjenkinsgrestorationsystems.com)
Re: Dead Tree Umbrella Nutrient Offset Banking Instrument (NOBI)
Dead Tree B Bank Parcel Credit Release — Task 5
Dear Mr. Jenkins:
On November 29, 2023, the Division of Water Resources (DWR) received a Year 2 Monitoring
Report from Restoration Systems, LLC (RS) for the Dead Tree B site. Overall, site conditions
appear to look satisfactory with performance standards for vegetation met across most of the site.
DVVR received a continuation certificate for performance bond (K41730055) issued to RS from
Federal Insurance Company, in the amount of $60,000. The term of this bond ends July 12, 2025.
Future credit releases will be dependent on both the renewal of this performance bond and the annual
monitoring reports.
in accordance with the NOBI, signed on November 10, 202 1, the following Project Milestones have
been met and the corresponding credits shall be released:
Task/Milestones Credit
5) Monitoring Report #2 approved by the DWR & financial assurance renewed 10%
By copy of this correspondence, DWR 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 Nitrogen nutrient offset credits (0. 10 x 281,063.289 Ibs-N = 28,106.329 lbs-N)
0 10% of the Phosphorus nutrient offset credits (0. 10 x 18,102.649 lbs-P = 1,810.265 lbs-P)
Please note that nutrient offset credits generated at this site must be used for impacts in HUC
03020102 of the Tar -Pamlico River Basin pursuant to 15A NCAC 02B .0703, which became
effective on April 1, 2020.
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: ADB3C45E-E3C3-4082-8E48-772EE9F52BBF Dead Tree B Site
Restoration Systems, LLC
April 12, 2024
Upon receiving this correspondence update credit ledgers accordingly. Please feel free to contact
Katie Merritt at katie.merrittkdeq.nc.gov if you have any questions regarding this correspondence.
Sincerely,
DocuSigned by,
(B�DAAMUFEOOTC�.rl
Michael Pjetraj, Deputy Director
Division of Water Resources
cc:File Copy (Blake Hartshorn)
Caitlyn Parker (Davey/RS) — via electronic mail
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