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HomeMy WebLinkAboutRES_Dogtown_MY1_Credit Release Schedule_signedProject Name: Sponsor Name: USACE Action ID: NCDWQ Action ID: Non‐Forested  Wetland Credits Warm  Water Warm  Water Pres Cool  Water Non‐Riparian Coastal   8,655.818 76.100   8,579.718  Scheduled  Releases Warm  Water Cold Water WQ SMUs Scheduled  Releases Non‐Riparian Scheduled  Releases Coastal 1 (Bank/Site Establishment)1, 2 15% 1363.060 15%15%2/15/2021 2/12/2021 2 (Year 0/As‐Built)3 15% 1286.954 15%15%8/1/2023 9/27/2023 3 (Year 1 Monitoring)10% 857.972 10%10%5/1/2024 4 (Year 2 Monitoring)10% 857.972 10%15% 5 (Year 3 Monitoring)10% 857.972 15%20% 6 (Year 4 Monitoring)5% 428.986 5%10% 7 (Year 5 Monitoring)10% 857.972 15%15% 8 (Year 6 Monitoring)5% 428.986 5% 9 (Year 7 Monitoring)10% 857.972 10% Stream Bankfull Standard 4 10% 857.972 Total Credits Release to Date 3507.986 Date Wilmington District Mitigation Bank Credit Release Schedule 4 ‐ A 10% reserve of credits to be held back until the bankfull event performance standard has been met. 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 ‐ The second credit release is based on the credit totals from the as‐built survey, and may differ slightly from the credit totals stated in the mitigation plan. Contingencies (if any):  Signature of Wilmington District Official Approving Credit Release Dogtown Mitigation Site EBX SAW‐2017‐00608 DWR # 2018‐1097v1 Potential Credits from Mitigation Plan Forested Wetland Credits Total Potential Credits  Projected  Release Date Actual Release  Date Potential Credits from As‐Built Survey Stream Credits Credit Classification Non‐Forested Wetland  CreditsForested Wetland CreditsStream Credits Current and Future Credit Releases Credit Release Milestone Riparian Riparian  Catawba 03050101 2020 2/5/2024 County: 8‐Digit HUC: Year Project Instituted: Date Prepared: Potential Credits from MP minus Preservation 5/20/2024 5/20/2024