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Home My WebLink About20140820 Ver 6_CreditReleaseRequest#4_CarrawayBluffII_20240426 3600 Glenwood Avenue, Suite 100 Raleigh, NC 27612 Corporate Headquarters 6575 West Loop South, Suite 300 Houston, TX 77401 Main: 713.520.5400 4/26/2024 CREDIT RELEASE REQUEST FORM To: NCDEQ-DWR Nutrient Offset & Buffer Banking Coordinator From: Hannah Gadai (hgadai@res.us, 704-516-5170) Through: Environmental Banc & Exchange, LLC (EBX) We formally request a credit release for the Carraway Bluff Phase II Riparian Buffer and Nutrient Offset Mitigation Site (DWR #: 2014-0820 V6) for completion of Task #4: “Monitoring Report #1: Approved by the DWR & financial assurance renewed” 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 #4 and are pending review: 1) Monitoring Report #1 (Approved by DWR on April 12th, 2024), 2) Financial Assurances Renewed (attached) Credits requested for release are detailed below: Credit Type % Release Credit Amount (Include Units) Notes/Comments Buffer Restoration 10 25,920.123 Buffer Preservation 10 574.971 Generated Nitrogen Nutrient Offset 10 4,922.871 Signature: Attachments 1) Credit Release Schedule (PDF from Approved BPDP and Excel), 2) As-Built Credit Table, and 3) Renewed Financial Assurances Carraway Bluff Phase II Mitigation Project Bank Parcel Development Package Riparian Buffer Mitigation and Nutrient Offset 20 October 2022 9 CREDIT RELEASE SCHEDULE The Carraway Bluff Phase II Project will have the following Credit Release Schedule (Table 7) and will be based on the completion of all Bank Parcel milestones and in accordance with the RES 2022 Phase II UMBI. Table 7. Credit Release Schedule for Riparian Buffer and Nutrient Offset Task Project Milestone % Credit Available for Sale 1 Instrument and BPDP Approved by DWR, Conservation Easement Recorded, and Financial Assurance Posted as well as Carraway Bluff DMS Full Delivery Mitigation Plan approved by DWR. 15 2 All Riparian Earthwork & Mitigation Activities, Planting and Installation of Monitoring Devices completed for both the Carraway Bluff Full Delivery Site and the Bank Parcel, easement boundaries adequately marked, all applicable permits obtained. A site visit performed by DWR is required for this task. 20 3 Monitoring Financial Assurance Posted and Approval of As-Built Report 10 4 Monitoring Report #1: Approved by the DWR & Financial Assurance Posted 10 5 Item B (1) of Section X in the RES 2022 Phase II UMBI has been completed and approved by DWR 10 No remaining credits will be released until the conservation easement has been assigned to an approved land trust or stewardship 6 Monitoring Report #2: Approved by the DWR & Financial Assurance Posted 10 7 Monitoring Report #3: Approved by the DWR & Financial Assurance Posted 10 8 Monitoring Report #4: Approved by the DWR & Financial Assurance Posted 5 9 Monitoring Report #5: Approved by the DWR and final site visit by DWR has been conducted 10 Total 100% Original Credits:49,260.784 256,851.038 6231.77 As-Built Credits:49,228.708 259,201.227 5749.712 Nutrient Offset and Buffer Mitigation Credit Release Schedule %Nitrogen Buffer Buffer - Preservation 1 Instrument and BPDP Approved by DWR, Conservation Easement Recorded* and Financial Assurance Posted 15%7,389.118 38,527.656 934.766 2 Mitigation Site Earthwork, Planting and Installation of Monitoring Devices Completed 20%9,852.157 51,370.208 1246.354 3 Monitoring Financial Assurance Posted and Approval of As-Built Report 10%4,911.644 26,742.689 406.251 4 Monitoring Report #1: Approved by the DWR** & financial assurance renewed 10%4,922.871 25,920.123 574.971 5 Item B (1) of Section X in this Instrument has been completed and approved by DWR.10%4,922.871 25,920.123 574.971 6 Monitoring Report #2: Approved by the DWR** & financial assurance renewed 10%4,922.871 25,920.123 574.971 7 Monitoring Report #3: Approved by the DWR** & financial assurance renewed 10%4,922.871 25,920.123 574.971 8 Monitoring Report #4: Approved by the DWR** & financial assurance renewed 5%2,461.435 12,960.061 287.486 9 Monitoring Report #5: Approved by the DWR** and final site visit by DWR has been conducted 10%4,922.871 25,920.123 574.971 TOTAL (As-Built) Credits: Credit Release # Table 1. Carraway Bluff Phase II, DWR 2014-0820 V6 , Project Credits. Project Area N Credit Conversion Ratio (ft2/pound) P Credit Conversion Ratio (ft2/pound) Credit Type Location Subject? (enter NO if ephemeral or ditch 1) Feature Type Mitigation Activity Min-Max Buffer Width (ft)Feature Name Total Area (ft2) Total (Creditable) Area of Buffer Mitigation (ft2) Initial Credit Ratio (x:1)% Full Credit Final Credit Ratio (x:1) Convertible to Riparian Buffer? Riparian Buffer Credits Convertible to Nutrient Offset? Delivered Nutrient Offset: N (lbs) Delivered Nutrient Offset: P (lbs) Buffer Rural No I / P Restoration 0-100 BH3 & BH4 155,811 155,811 1 100%1.00000 Yes 155,811.000 No —— Buffer Rural No I / P Restoration 101-200 BH3 & BH4 110,231 110,231 1 33%3.03030 Yes 36,376.266 No —— Buffer Rural Yes I / P Restoration 0-100 Carraway Creek (75- 100') & BH1 (75-100')6,185 6,185 1 100%1.00000 Yes 6,185.000 No —— Buffer Rural Yes I / P Restoration 101-200 Carraway Creek & BH1 184,330 184,330 1 33%3.03030 Yes 60,828.961 No —— Nutrient Offset Rural No Ditch Restoration 0-100 D3, D4 (50-100'), D5 172,140 1 100%No —Yes 8,982.495 — Nutrient Offset Rural No Ditch Restoration 101-200 D3, D4, D5 196,707 1 33%No —Yes 10,264.434 — Nutrient Offset Rural Yes I / P Restoration 0-100 BH1 (75-100'), BH2 (75- 100'), Carraway Creek (75-100'), Nuese (75- 100') 90,688 90,688 1 100%1.00000 Yes 90,688.000 Yes 4,732.221 — Nutrient Offset Rural Yes I / P Restoration 101-200 BH1, BH2, Carraway Creek, Neuse 308,932 1 33%No —Yes 16,120.485 — Nutrient Offset Rural No I / P Restoration 0-100 BH3 (right bank)100,811 100,811 1 100%1.00000 No —Yes 5,260.453 — Nutrient Offset Rural No I / P Restoration 101-200 BH3 (right bank)74,138 1 33%No —Yes 3,868.620 — ——— Buffer Rural No Ephemeral Restoration 0-100 Diffuse Flow (BH4)4,350 1 100%No —No —— ——— ——— ——— ——— ——— ——— ——— Totals (ft2):1,404,323 648,056 349,889.227 49,228.708 0.000 Total Buffer (ft2):460,907 456,557 Total Nutrient Offset (ft2):943,416 N/A Total Ephemeral Area (ft2) for Credit:4,350 0 Total Eligible Ephemeral Area (ft2):124,178 0.0%Ephemeral Reaches as % TABM Enter Preservation Credits Below Total Eligible for Preservation (ft2):153,636 5.8%Preservation as % TABM Credit Type Location Subject?Feature Type Mitigation Activity Min-Max Buffer Width (ft)Feature Name Total Area (sf) Total (Creditable) Area for Buffer Mitigation (ft2) Initial Credit Ratio (x:1)% Full Credit Final Credit Ratio (x:1) Riparian Buffer Credits Buffer Rural No I / P 0-100 BH3 & BH4 25,273 25,273 5 100%5.00000 5,054.600 Buffer Rural No I / P 101-200 BH3 & BH4 10,532 10,532 5 33%15.15152 695.112 Buffer — Buffer — Buffer — Preservation Area Subtotals (ft2):35,805 35,805 Square Feet Credits 456,557 259,201.227 0 0.000 35,805 5,749.712 492,362 264,950.939 Square Feet Credits Nitrogen:49,228.708 Phosphorus:0.000 Neuse 03020201 - Outside Falls Lake 19.16394 N/A Restoration: Enhancement: Mitigation Totals 943,416 TOTAL AREA OF BUFFER MITIGATION (TABM) TOTAL NUTRIENT OFFSET MITIGATION Mitigation Totals Nutrient Offset: Preservation: Total Riparian Buffer: 1. The Randleman Lake buffer rules allow some ditches to be classified as subject according to 15A NCAC 02B .0250 (5)(a).