Credit Release Task 3partial- Dogtown DRAFT.docx

DocuSign Envelope ID: 51832BB7-OE23-419A-A1E8-5091EOA1AFD9
ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHARD E. ROGERS, JR.
Director
NORTH CAROLINA
Environmental Quality
April 26, 2024
Jamey McEachran DWR Project #: 2018-1097v2
Environmental Banc & Exchange, LLC Catawba County
(via electronic mail: jmceachrangres.us )
Re: RES Dogtown Buffer Mitigation Banking Instrument (MBI)
Dogtown Bank Parcel Credit Release — Task 3 including pond footprints
Dear Ms. McEachran:
On August 17, 2023, the Division of Water Resources (DWR) received an As -Built Report from
Environmental Banc & Exchange, LLC (EBX) for the Dogtown buffer Site. A corrected report was
submitted to DWR on March 19, 2024. According to the As -Built survey and corresponding project
credits table submitted with the As -Built Report, there are slight adjustments in the total amounts of
Riparian Buffer credits as compared to the approved Buffer Mitigation Plan. The subject site has
generated 610,773 ft2 of buffer restoration credits and 40,718.200 ft2 of buffer preservation credits
for a total of 651,491.200 ft2 riparian buffer credits.
DWR received a performance bond (#9442942) issued to EBX from Fidelity and Deposit Company
of Maryland, in the amount of $100,000, to cover monitoring and maintenance at the subject site.
The term of this bond applies beginning April 8, 2024, and ends April 8, 2025. Future credit releases
will be dependent on both the renewal of this performance bond and the annual monitoring reports.
In accordance with the MBI, signed on September 30, 2020, the following Project Milestones have
been met and the corresponding credits shall be released:
'Credits
Task/Milestones Released
2) Mitigation Site Earthwork, Planting and Installation of Monitoring 0%
Devices Completed and all Applicable Permits Obtained (5%
remaining to be issued when AMP is fully implemented
3) Monitoring financial assurance posted and approval of As -Built 10% (55% for
Report pond areas)
'Credit release percentages include the areas within the pond footprints
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract and therefore, the following credits are being released and are now
available to sell:
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: 51832BB7-OE23-419A-A1E8-5091EOA1AFD9
Dogtown Site
EBX
April 26, 2024
• 10% of Catawba Buffer Restoration and Buffer Preservation Credits excluding pond
footprints = (0.10 x 570,384.200 ft2 = 57,038.420 ft2) plus 1,400.187 ft2 yields 58,438.607 ft2
• 55% of Catawba Buffer Restoration Credits within pond footprint)
(0.55 x 81,107 ft2 = 44,608.85 ft2)
Total Catawba Buffer Credits Released: 103,047.457 ft2
Please note that these riparian buffer credits can be provided to offset permitted impacts along
the Catawba River mainstem below Lake James and along mainstem lakes from and including
Lake James to the North Carolina and South Carolina border in the Catawba River Basin
03050101 HUC in accordance with guidelines in the Consolidated Buffer Mitigation Rule, 15A
NCAC 02B .0295, which became effective on November 1, 2015.
Please feel free to contact Katie Merritt at katie.merritt(c�r�,deq.nc.gov if you have any questions
regarding this correspondence.
cc:File Copy (Blake Hartshorn)
Amy Staley (EBX) — via electronic mail
Sincerely,
E
Docu/Signed by:
ru,al f- �bSS
755ABFOCD8OB428...
Stephanie Goss, Supervisor
401 & Buffer Permitting Branch
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