20190183 Ver 1_Credit Release Request Form_MY4_Loflin Dairy_20240425

4/26/2024
CREDIT RELEASE REQUEST FORM
To: NCDEQ-DWR Nutrient Offset & Buffer Banking Coordinator
From: Jeffrey Turner ([e-mail], 704-332-7754 x118)
Through: Wildlands Holdings V, LLC
We formally request a credit release for the Loflin Dairy Phase II Buffer Mitigation Bank Parcel for
completion of Task #8 per the approved credit release schedule, which is included in the Attachments
with this request. The following documents have been submitted to DWR for Task #5: approved
Loflin Dairy Phase II Buffer Mitigation Bank Parcel Monitoring Year 4 Report and financial
assurances (Bond).
Credits requested for release are detailed below:
Credit Type % Release Credit Amount
(include Units)
Notes/Comments
Buffer Restoration 5% 17,555.65 sq. ft. 351,113 sq. ft. x 0.05 = 17,555.65
sq. ft.
Buffer Preservation 5% 170.95 sq. ft. 3,419 sq. ft. x 0.05 = 170.95 sq. ft.
Buffer Enhancement 5% 617.55 sq. ft. 12,351 sq. ft. x 0.05 = 617.55 sq. ft.
Generated Nitrogen
Nutrient Offset
NA NA
Delivered Nitrogen
Nutrient Offset (Jordan
sites only)
NA NA
Generated Phosphorus
Nutrient Offset
NA NA
Delivered Phosphorus
Nutrient Offset (Jordan
sites only)
NA NA

Signature:

Attachments:
1) Approved Project Credit Table – Baseline Monitoring Report
2) Approved Credit Release Schedule – MBI

Task Project Milestone % Credit Available
for Sale
1 Instrument and BPDP Approved by DWR, Conservation Easement
Recorded and Financial Assurance Posted 20
2 Mitigation Site Earthwork, Planting and Installation of Monitoring
Devices Completed 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%