20170110 Ver 2_Credit Release FinalCloseout

DocuSign Envelope ID: 3B18100B-D8B4-4F82-9B6F-ABD0020374F4
ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHARD E. ROGERS, JR.
Director
NORTH CAROLINA
Environmental Quality
April 18, 2024
Barrett Jenkins DWR Project #: 2017-0110v2
Restoration Systems, LLC Wayne County
(via electronic mail: bienkinsgrestorationsystems.com )
Re: Weaver Farm Mitigation Banking Instrument (MBI)
Weaver Farm Nutrient Offset & Buffer Mitigation Bank
Credit Release —Task 9 (Final) FINAL RELEASE & MONITORING CLOSEOUT
Dear Mr. Jenkins:
On January 10, 2024, the Division of Water Resources (DWR) received a Year 6 Monitoring Report
from Restoration Systems, LLC (RS) for the Weaver Farm Mitigation Site (Site). On April 17, 2024,
Katie Merritt and Andrew Friedman -Herring with the DWR, visited the Site to compare vegetation
data submitted in the report with onsite conditions and to evaluate the Site for closeout of the
monitoring requirements for the riparian vegetation. Staff with RS were also present. As a result of
the site visit evaluation, DWR supports closing out the Site for any further monitoring and
maintenance of the riparian vegetation and conservation easement.
By copy of this letter, the monitoring requirements at the subject Site have been met and DWR is
releasing RS from its financial assurance obligations under Performance Bond # K41730006 in the
amount of $40,000 issued to RS from Federal Insurance Company. Lastly, according to DWR files,
the Grantee of this Site's conservation easement is the North Carolina Wildlife Habitat Foundation
In accordance with the MBI, signed on July 7, 2017, the following Project Milestones have been met,
and the corresponding credits shall be released:
Task/Milestones Credit
9) Monitoring Report #5 & #6: Approved by the DWR & financial 5%
assurance renewed (final release)
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract and 5% of your Neuse riparian buffer Restoration credits (0.05 x 267,894
ft2 = 13,394.70 ft2) and 5% of your Nitrogen nutrient offset credits (0.05 x 34,913.58 lb-N = 1,745.68
lb-N) are now available for sale.
Please note that nutrient offset credits generated at this site must be used for impacts in HUC
03020201 of the Neuse River Basin excluding the Falls Lake Watershed pursuant to 15A NCAC
02B .0703. Additionally, the riparian buffer credits must be used for impacts in the Neuse River
Basin, excluding the Falls Lake Watershed, according to guidelines in the Consolidated Buffer
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
NORTH CARCLINA
919.707.9000

DocuSign Envelope ID: 3B18100B-D8B4-4F82-9B6F-ABD0020374F4 Weaver Farm Site
Rcstoration Systems, LLC
April 18, 2024
Mitigation Rule, 15A NCAC 02B .0295, which became effective on November 1, 2015.
Additionally, riparian buffer Preservation credits cannot be converted into nutrient offset credits.
Upon receiving this correspondence, update all credit ledgers accordingly. Please feel free to contact
Katie Merritt at katie.merrittgdeq.nc.gov if you have any questions regarding this correspondence.
Sincerely,
DocuSigned by:
&Ad tl
32BDA3BFE00
Michael Pjetraj, Deputy Director
Division of Water Resources
cc:File Copy (Blake Hartshorn)
Caitlyn Parker (Davey/RS) — via electronic mail
Theodore Bethea — NC Wildlife Habitat Foundation beaubetheaggmail.com
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