Credit Release Task 4 - DoubleRock.docx

DocuSign Envelope ID: C8A6094F-OB21-4433-8E99-F66A3OB13087
ROY COOPER
Governor
ELIZABETH S. BISER
Secretary
RICHARD E. ROGERS, JR.
Director
John Hutton
NORTH CAROLINA
Environmental Quality
June 13, 2024
Wildlands Holdings VI, LLC
(via electronic mail: jhuttongwildlandseng com )
DWR Project #: 2020-1095
Re: Wildlands Catawba Umbrella Mitigation Banking Instrument (UMBI)
Double Rock Bank Parcel Credit Release — Task 4
Dear Mr. Hutton:
Alexander County
On December 22, 2023, the Division of Water Resources (DWR) received a Year 1 Monitoring
Report from Wildlands Holdings VI, LLC (Wildlands) for the Double Rock Buffer Mitigation site.
Overall, site conditions appear to look good and performance standards for vegetation are met. No
encroachments within the conservation easement were noted.
DWR received a performance bond (#107977143) issued to Wildlands from Travelers Casualty and
Surety Company of America, in the amount of $80,000, to cover monitoring and maintenance at the
subject site. The term of this bond begins on June 4, 2024 and ends with DWR approval of the Year
2 Monitoring Report. Future credit releases will be dependent on both the renewal of this
performance bond and the annual monitoring reports.
In accordance with the UMBI, signed on September 12, 2022, the following Project Milestones have
been met and the corresponding credits shall be released:
Task/Milestones Credits
Released
4) Monitoring Report #1 Approved by the DWR & Financial 10%
Assurance renewed
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:
• 10% of buffer restoration and buffer preservation credits (0.10 x 286,564.200 ft2 =
28,656.420 ft2 )
Please note that these riparian buffer credits can be provided to offset permitted buffer
impacts within the 03050101 Hydrologic Unit Code of the Catawba River Watershed in
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: C8A6094F-OB21-4433-8E99-F66A3OB13087
Double Rock Site
Wildlands
June 13, 2024
accordance with guidelines in the Consolidated Buffer Mitigation Rule, 15A NCAC 02B .0295,
which became effective on November 1, 2015.
Upon receipt of this correspondence, update all credit ledgers accordingly. Please feel free to contact
Katie Merritt at katie.merrittgdeq.nc.gov if you have any questions regarding this correspondence.
Sincerely,
DocuSigned by:
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755ABFOCD808428...
Stephanie Goss, Supervisor
401 & Buffer Permitting Branch
cc:File Copy (Blake Hartshorn)
Camden Brunick (Wildlands) — via electronic mail
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