Credit Release Task 1 - Brooks Swamp.docx

DocuSign Envelope ID: 965A1E31-22F7-423F-9E24-049F3EF56AFB
ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHARD E. ROGERS, JR.
Director
NORTH CAROLINA
Environmental Quality
April 18, 2024
Daniel Ramsay DWR Project #: 2023-0163v2
RestorEcology Neuse, LLC Wayne County
(via electronic mail: dramsay&restorecolog m )
Re: Brooks Swamp Mitigation Banking Instrument (MBI)
Brooks Swamp Bank Parcel Credit Release — Task 1
Dear Mr. Ramsay:
On February 21, 2024, the Division of Water Resources (DWR) approved the Bank Parcel
Development Package (BPDP) for the Brooks Swamp Nutrient Offset and Buffer Mitigation Bank.
On March 22, 2024, the DWR received a signed and recorded conservation easement and
corresponding plat for the subject site. Additionally, RestorEcology Neuse, LLC (REN) provided
confirmation that the conservation easement for the subject bank has been successfully assigned to
Unique Places to Save. Unique Places to Save is a 501(c)(3) non-profit corporation and has been
approved by DWR as a long-term steward for this mitigation bank.
Lastly, DWR received a performance bond (#GSA2401090) from REJ in the amount of $150,000 to
cover performance obligations for the construction of the subject site. This bond is with The Gray
Casualty & Surety Company and ends with DWR approval of the As -Built Report.
In accordance with the MBI, signed on February 21, 2024, the following Project Milestones have
been met and the corresponding credits shall be released:
Task/Milestones
Credit
1) MBI and BPDP Approved by DWR, Conservation Easement recorded 25%
and assigned according to B (1) of Section X and Financial
assurance Posted
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 and available to sell:
• 25% of your Neuse riparian buffer Restoration credits (0.25 x 205,602 ft2 = 51,400.500 ft2)
25% of your Neuse riparian buffer Preservation & Enhancement credits (0.25 x 8,104.236
ft2 = 2,026.059 ft2).
25% of your Nitrogen nutrient offset credits (0.25 x 9,802.942 lb-N = 2,450.736 lb-N)
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: 965A1E31-22F7-423F-9E24-049F3EF56AFB Brooks Swamp Site
RestorEcology Neuse, LLC
April 18, 2024
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, which became effective on April 1, 2020. Additionally, the riparian buffer credits
must be used for impacts in the Neuse River Basin, excluding the Falls Lake Watershed, in
accordance with guidelines in the Consolidated Buffer Mitigation Rule, 15A NCAC 02B .0295,
which became effective on November 1, 2015
Please use the Credit Ledger Templates provided in the approved MBI to track and report credit
availability for the Brooks Swamp Mitigation Bank. Upon receiving this correspondence, please
submit three (3) credit ledgers to DWR reflecting the available credits released for each mitigation
type (Buffer Restoration, Buffer Preservation w/ Enhancement, Nitrogen Nutrient Offset).
Please call Katie Merritt at [phone] if you have any questions regarding this correspondence.
cc:File Copy (Blake Hartshorn)
Sincerely,
DocuSigned by:
32BDA3BFE00 4C5.I..
Michael Pjetraj, Deputy Director
Division of Water Resources
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