Tar River Credit Release Schedule

Bank Name/Site Name: Tar River Headwaters Stream Bank 
Sponsor Name:Mogensen Mitigation Inc.
USACE Action ID:SAW‐2012‐02073
Warm Water Cool Water Cold Water Riparian 
Riverine
Riparian
Non‐Riverine Non‐Riparian Coastal
Potential Credits from Mitigation Plan 1902 −−−−−−
Potential Credits From As‐Built 1965 −−−−−−
1 (Bank/Site Establishment)1, 2 15%
2 (Year 0/As‐Built)3 15%
3 (Year 1 Monitoring)10%
4 (Year 2 Monitoring)15%
5 (Year 3 Monitoring)20%
6 (Year 4 Monitoring)10%
7 (Year 5 Monitoring)15%
8 (Year 6 Monitoring)NA
9 (Year 7 Monitoring)NA
Stream Bankfull Standard4 NA
Warm Water Cool Water Cold Water Riparian 
Riverine
Riparian
Non‐Riverine Non‐Riparian Coastal
1 (Bank/Site Establishment)1, 2 332.700 −−−−−−10/30/2017
2 (Year 0/As‐Built)3 256.800 −−−−−−3/2/2018
3 (Year 1 Monitoring)196.500 −−−−−−11/22/2019
4 (Year 2 Monitoring)196.500 −−−−−−2/5/2021
5 (Year 3 Monitoring)196.500 −−−−−−2/5/2021
6 (Year 4 Monitoring)98.250 −−−−−−3/29/2022
7 (Year 5 Monitoring)196.500 −−−−−−2/23/2023
8 (Year 6 Monitoring)98.250 −−−−−NA
9 (Year 7 Monitoring)196.500 −−−−−NA
Stream Bankfull Standard4 196.500 −−NA NA NA NA
Warm Water Cool Water Cold Water Riparian 
Riverine
Riparian
Non‐Riverine Non‐Riparian Coastal
Current Credit Release Request 98.250 −−−−−−
Approved Credit Release 98.250 −−−−−−
Credits Not Released (if any)6 −−−−−−
Total Credits Released to Date 1768.500 −−−−−−
Signature of Wilmington District Official Approving Credit Release Date
Person
Tar‐Pamlico 03020101
MY6
County:
Geographic Service Area:
Monitoring Year:
3 ‐ The second credit release is based on the  as‐built survey, and may differ slightly from the credit totals stated in the mitigation plan.
      Any discrepancy (either positive or negative) is accounted for during the second credit release.
4 ‐ A 10% reserve of credits to be held back until the bankfull event performance standard has been met.
Signature above confirms that the sponsor has satisfied the monitoring requirements as provided in the mitigaiton plan, and constitues USACE approval of 
credit release per Section 3332.8(0)(9) of the Mitigation Rule.  Once signed, these credits are available for sale and should be updated on the credit ledger 
for the site.
Comments and/or Conditions of Release:
1 ‐ The first credit release milestone is based on the potential credits stated in the approved mitigation plan.
2 ‐ The first credit release shall occur upon establishment of the mitigation bank, which includes the following criteria:
1) Execution of the MBI or UMBI by the Sponsor and the USACE;
2) Approval of the final Mitigation Plan;
3) Mitigation bank site must be secured;
4) Delivery of the financial assurances described in the Mitigation Plan;
5) Recordation of the long‐term protection mechanism and title opinion acceptable to the USACE;
6) 404 permit verification for construction of the site, if required.
7) Documentation of the establishment of the long‐term endowment/escrow account.
Annual Credit Release Approval (to be completed by USACE Project Manager)
Stream Credits Wetand Credits
Credit Classification
Stream Credits Wetland Credits
10%
5%
10%
10%
5%
10%
NA
15%
15%
10%
10%
15%
Wilmington District Mitigation Bank Annual Credit Release Schedule and Approval
Total Potential Credits & Approved Release Schedule
Credit Classification
15%
Date of Credit 
Release5
Stream Credits
Credit Classification
Wetland Credits
Scheduled Credit Release Amounts and Approval Dates
15%
10%
10%
10%
5%5%
15%
3/29/2022
4/19/2024
4/19/2024