East_Buffalo_MY3_Credit Release Schedule_signed

Project Name:
Sponsor Name:
USACE Action ID:
NCDWQ Action ID:
Non-Forested
Wetland
Credits
Warm
Water
Cool
Water
Cold
Water
Riparian
Riverine
Riparian
Non-Riverine Non-Riparian Coastal
4,432.50 1.75
4,432.50 1.75
Scheduled
Releases
Warm
Water
Cool
Water
Cold
Water
Scheduled
Releases
Riparian
Riverine
Riparian
Non-Riverine Non-Riparian Scheduled
Releases Coastal
1 (Bank/Site Establishment)1, 2, 3 15%1,653.3 15%0.26 15%12/16/2020 12/16/2020
2 (Year 0/As-Built)3 15%509.0 15%0.26 15%Sep-21 10/4/2021
3 (Year 1 Monitoring)10%324.3 10%0.18 10%Feb-22 5/5/2022
4 (Year 2 Monitoring)10%324.3 10%0.18 15%Apr-23 5/12/2023
5 (Year 3 Monitoring)10%324.3 15%0.26 20%Feb-24
6 (Year 4 Monitoring) 5%162.2 5%0.09 10%Feb-25
7 (Year 5 Monitoring)10%324.3 15%0.26 15%Feb-26
8 (Year 6 Monitoring)5%162.2 5%0.09 NA NA Feb-27
9 (Year 7 Monitoring)10%324.3 10%0.18 NA NA Feb-28
Stream Bankfull Standard4 10%NA NA NA NA NA NA Varies4
Total Credits Release to Date 3,135.200 1.14
Date
4 - A 10% reserve of credits to be held back until the bankfull event performance standard has been met.
Contingencies (if any): None
Signature of Wilmington District Official Approving Credit 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.
3 - 89% release of total preservation credits within Site at establishment. 150 remaining credits released 30% at milestone 2, and using interm release %'s thereafter.
Current and Future Credit Releases
Credit Release Milestone
Stream Credits Forested Wetland Credits Non-Forested Wetland
Credits Projected
Release Date
Actual Release
Date
Potential Credits from As-Built Survey
SAW-2019-01296 Year Project Instituted:2020
2019-1132 version 1 Date Prepared:7/23/2021 (Updated 2/13/2024)
Total Potential Credits
Credit Classification
Stream Credits Forested Wetland Credits
Potential Credits from Mitigation Plan
Wilmington District Mitigation Bank Credit Release Schedule
Little Tennessee Umbrella Mitigation Bank: East Buffalo
Mitigation Site County:Graham County
Wildlands Holdings VI, LLC 8-Digit HUC:06010204
324.3
5/14/2024
5/14/2024