20181097 Ver 2_Full Tasks_2&4_Credit_Release_Request - Dogtown_6.24docx_20240628

3600 Glenwood Avenue, Suite 100
Raleigh, NC 27612

Corporate Headquarters
6575 West Loop South, Suite 300
Bellaire, TX 77401
Main: 713.520.5400

June 26th, 2024
CREDIT RELEASE REQUEST FORM

To: NCDEQ-DWR Nutrient Offset & Buffer Banking Coordinator
From: Daniel Dixon ([e-mail], 336.514.0927)
Through: Environmental Banc and Exchange, LLC

We formally request a credit release for the Dogtown Riparian Buffer Mitigation Bank (DWR ID#
2018-1097v2) for final completion of Task #2 and completion of Task #4 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 #2 and #4 and are either pending review or have already been
approved: Dogtown Riparian Buffer Mitigation Bank Monitoring Year One Report, Approved RES
Dogtown Mitigation Banking Instrument Credit Schedule. Approved Dogtown BPDP Credit Table.
Credits requested for release are detailed below:
Credit Type % Release Credit Amount
(include Units)
Notes/Comments
Buffer Restoration 15 89,451.070
(Additional 10% of credits
generated from within pond
footprint)
(Additional 5% of credits for
full implementation of
Adaptive Management Plan)
Buffer Preservation 10 4,217.260

Signature:

Attachments: 1) Approved BPDP Credit Table , 2) Approved RES Dogtown Mitigation Banking
Instrument Credit Release Schedule, 3) Dogtown Credit Release Schedule, 4)As-Built Credit Table,
5) Monitoring Performance Bond
Table 1. Dogtown, 2018-1097v2, Project Credits
Catawba Buffer Project Area
N Credit Conversion Ratio (ftz/pound)
P Credit Conversion Ratio (ftt/pound)
N/A
N/A
Credit Type Location
Subject? (enter
NO if
ephemeral or
ditch')
Feature Type Mitigation Activity Min -Max Buffer
Width (ft)
Feature Name Total Area (ftz)
Total (Creditable)
Area of Buffer
Mitigation (k')
Initial Credit
Ratio (x:l)
Full Credit Final Credit
Ratio (x:l)
Convertible to
Riparian
Buffer?
Riparian Buffer
Credits
Convertible
to Nutrient
Offset?
Delivered
Nutrient Offset:
N (Ibs)
Delivered
Nutrient
Offset: P (Ibs)
Buffer Rural No In -Line Pond Restoration 0-50 3 Ponds (PA, PB, PC) 63,848 63,848 1 100% 1.00000 Yes 63,848.000 No
Buffer Rural No I/P Restoration 0-50 S1 107,826 107,826 1 100% 1.00000 Yes 107,826.000 No
Buffer
Buffer Rural No I / P Restoration 101-200 S1(151-200) 10,221 1 10,221 1 33% 1 3.03030 Yes 3,372.933 No
Buffer
Buffer Rural No I/P Restoration 0-50 S2 26,465 26,465 1 100% 1.00000 Yes 26,465.000 No
Buffer Rural No I/P Restoration 0-50 S3 75,836 75,836 1 100% 1.00000 Yes 75,836.000 No
Buffer No
Buffer Rural No I/P Restoration 0-50 DTI 32,368 32,368 1 100% 1.00000 Yes 32,368.000 No
Buffer
Buffer Rural No I/P Restoration 0-50 DT2 3,294 3,294 1 100% 1.00000 Yes 3,294.000 No
Buffer Rural No I/P Restoration 0-50 DT3 92,742 92,742 1 100% 1.00000 Yes 92,742.000 No
Buffer Rural No I/P Restoration 0-50 DT4 97,361 97,361 1 100% 1.00000 Yes 97,361.000 No
Buffer Rural No I/P Restoration 0-50 Baker's Creek 87,770 87,770 1 100% 1.00000 Yes 87,770.000 No
Totals: 597,731 597,731
Enter Preservation Credits Below Eligible for Preservation (ft):F 199,244
Credit Type Location Subject? Feature Type Mitigation Activity Min -Max Buffer
Width (ft)
Feature Name Total Area (sf)
Total (Creditable)
Area for Buffer
Mitigation (k)
Initial Credit
Ratio (x:1)
Full Credit Final Credit
Ratio (x:1)
Riparian
Buffer Credits
Rural No I / P 0-50
DT1, DT2, DT3,
DT4, 51, S2, S3
483,424 199,244 5 100% 5.00000 39,848.800
Rural No I / P 101-200
Baker's Creek, S2, DT2,
DT4, DT3
203,974 0 5 33%
Rural Yes I/P 10
Rural Yes I/P 10
Rural Yes I/P 10
Rural Yes I/P 10BufferPreservation
Rural Yes I/P 10
Rural Yes I/P 10
Rural Yes I/P 10
Rural Yes I/P 10
Rural Yes I/PI 1 10
Preservation Area Subtotal (ft'): 199,244
Preservation as %Total Area of Buffer Mitigation: 25.0%
Ephemeral Reaches as %Total Area of Buffer Mitigation: 0.0%
1. The Randleman Lake buffer rules allow some ditches to be classified as subject according to 15A NCAC 02B .0250 (5)(a).
last updated O1/17/2020
TOTAL AREA OF BUFFER MITIGATION (TABM)
Mitigation Totals Square Feet Credits
Restoration: 597,731 590,882.933
Enhancement: 0 0.000
Preservation: 199,244 39,848.800
Total Riparian Buffer: 796,975 630,731.733
TOTAL NUTRIENT OFFSET MITIGATION
Mitigation Totals Square Feet Credits
Nutrient
Offset:
Nitrogen:
0
a.oao
Phosphorus: o.oao
DocuSign Envelope ID: C6580047-982B-4ED0-9A89-52BA73C64D21
VIII. CREDIT RELEASE SCHEDULE
A. Upon submittal of all appropriate documentation by the Sponsor, and subsequent approval by
DWR, it is agreed that the riparian buffer credits associated with the Bank Parcel will become
available for sale to a third party in accordance with the Credit Release Schedule below in Table
3.0.
Table 3.0 - Credit Release Schedule for Riparian Buffer Credits
Credit
Credit Release
Task Project Milestone
Release
within the Pond
Footprints
Instrument and BPDP Approved by DWR, Draft Stream Mitigation Plan No credits released
I Approved by the IRT, Conservation Easement Recorded and Assigned 25 for areas withinaccordingtoItemB (1) of Section X in this Instrument* and Financial pond footprintsAssurancePosted
Mitigation Site Earthwork, Planting and Installation of Monitoring Devices
No credits released
2
Completed and all Applicable Permits Obtained
20 for areas within
and oot rints
3 Monitoring Financial Assurance Posted and Approval of As -Built Report 10 55
4 Monitoring Report #1: Approved by the DWR** & financial assurance
10 10
renewed
5 Monitoring Report #2: Approved by the DWR** & financial assurance
10 10
renewed
6 Monitoring Report #3: Approved by the DWR** & financial assurance
10 10
renewed
7 Monitoring Report #4: Approved by the DWR** & financial assurance
5 5
renewed
8 Monitoring Report #5: Approved by the DWR** and final site visit by 10 10
DWR has been conducted
Total 100% 100%
For specification, please see Section V in this Instrument
DWR Approval provided upon a determination that the site is meeting performance standards contained within the
approved BPDP
B. DWR may modify the credit release schedules based on the information submitted or the order in
which required information is received. DWR will notify the Sponsor of any modification to the
credit release schedule.
C. DWR may consider a Credit Release Schedule for a Bank Parcel based on the extent of change
between current onsite conditions and proposed post construction conditions.
D. The Sponsor must initiate implementation of the approved BPDP for the site under this Instrument
in concurrence with all stream mitigation activities proposed in the approved Mitigation Plan
referenced in Item D of Section IV of this Instrument.
10
As‐Built BUFFER PLAN (AS ACCEPTED 9.4)
Riparian Buffer Credits 
(Excluding In‐Line Pond)570,384.200 566,883.73
In‐Line Pond Credits 81,107.000 63,848.00         
Approved BPDP Credits 630,731.733
Credit Release Schedule for Riparian Buffer Credits TOTAL (As-Built) Credits: 651,491.200
Task Project Milestone % Credit Release % Credit Release within the Pond Footprints As‐Built Credits Released 
Credits
Credit 
Difference
Anticipated 
Release Date Released Date Notes
1 Instrument and BPDP Approved by DWR, Conservation Easement Recorded* and
Financial Assurance Posted 25%No Credits Released for Areas within Pond 
Footprint 142,596.050    141,720.933    875.117            2/10/2021 2/10/2021
2 Mitigation Site Earthwork, Planting and Installation of Monitoring Devices
Completed, Acceptance of Adaptive Management Plan 15%No Credits Released for Areas within Pond 
Footprint 85,557.630       85,032.560       525.070            10/30/2023 10/24/2023
Credits Released 
Full implementation of Supplemental Planting and Adaptive Management Plan 5%No Credits Released for Areas within Pond 
Footprint 28,519.210       28,519.210       7/30/2024
Submitted w/ MY1, Credits Released currently estimated
3 Monitoring Financial Assurance Posted and Approval of As-Built Report 10% 55% 101,647.270    103,047.457    5/30/2024 **Includes additional credits from Task 1 & 2, Credits Released currently estimated
4 Monitoring Report #1: Approved by the DWR** & financial assurance renewed 10% 10% 65,149.120       3/30/2024 **Includes 10% of pond footprint release, does not include the remaining 5% credit release 
from the succesful implentation of the Adaptive Management Plan 
5 Monitoring Report #2: Approved by the DWR** & financial assurance renewed 10% 10% 65,149.120       3/30/2025
6 Monitoring Report #3: Approved by the DWR** & financial assurance renewed 10% 10% 65,149.120       3/30/2026
7 Monitoring Report #4: Approved by the DWR** & financial assurance renewed 5% 5% 32,574.560       3/30/2027
8 Monitoring Report #5: Approved by the DWR** and final site visit by DWR has
been conducted 10% 10% 65,149.120       3/30/2028
Total 100% 100% 651,491.200    358,320.160    1,400.187         
Table 1. Dogtown, 2018‐1097v2, 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 In‐Line Pond Restoration 0‐50 3 Ponds (PA, PB, PC) 81,107 81,107 1 100% 1.00000 Yes 81,107.000 No — —
Buffer Rural No I / P Restoration 0‐50 S1 107,998 107,998 1 100% 1.00000 Yes 107,998.000 No — —
Buffer Rural No I / P Restoration 0‐100 S1 (51‐100) 10,432 10,432 1 100% 1.00000 Yes 10,432.000 No — —
Buffer Rural No I / P Restoration 0‐50 S2 29,074 29,074 1 100% 1.00000 Yes 29,074.000 No — —
N/A — N/A — —
Buffer Rural No I / P Restoration 0‐50 S3 79,886 79,886 1 100% 1.00000 Yes 79,886.000 No — —
Buffer Rural No I / P Restoration 0‐50 DT1 29,425 29,425 1 100% 1.00000 Yes 29,425.000 No — —
Buffer Rural No I / P Restoration 0‐50 DT2 5,387 5,387 1 100% 1.00000 Yes 5,387.000 No — —
Buffer Rural No I / P Restoration 0‐50 DT3 96,783 96,783 1 100% 1.00000 Yes 96,783.000 No — —
Buffer Rural No I / P Restoration 0‐50 DT4 94,390 94,390 1 100% 1.00000 Yes 94,390.000 No — —
Buffer Rural No I / P Restoration 0‐50 Baker's Creek 76,291 76,291 1 100% 1.00000 Yes 76,291.000 No — —
———
———
———
———
———
———
———
———
Totals (ft2):610,773 610,773 610,773.000 0.000 0.000
Total Buffer (ft2):610,773 610,773
Total Nutrient Offset (ft2):0 N/A
Total Ephemeral Area (ft2) for Credit:00
Total Eligible Ephemeral Area (ft2):203,591 0.0%Ephemeral Reaches as % TABM
Enter Preservation Credits Below Total Eligible for Preservation (ft2):203,591 25.0%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 / P0‐50 DT1, DT2, DT3,
 DT4, S1, S2, S3 478,959 203,591 5 100% 5.00000 40,718.200
Rural No I / P 101‐200 Baker's Creek, S2, DT2, 
DT4, DT3 190,731 0 5 33% —
—
—
—
Preservation Area Subtotals (ft2):669,690 203,591
Square Feet Credits
610,773 610,773.000
0 0.000
203,591 40,718.200
814,364 651,491.200
Square Feet Credits
Nitrogen:0.000
Phosphorus:0.0000
TOTAL AREA OF BUFFER MITIGATION (TABM)
TOTAL NUTRIENT OFFSET MITIGATION
Mitigation Totals
Nutrient Offset:
Preservation:
Total Riparian Buffer:
Catawba Buffer
N/A
N/A
Restoration:
Enhancement:
Mitigation Totals
1.  The Randleman Lake buffer rules allow some ditches to be classified as subject according to 15A NCAC 02B .0250 (5)(a).
last updated 08/03/2020
DocuSign Envelope ID: C3317E77-9A0A-4742-AF62-27496979836F
DocuSign Envelope ID: C3317E77-9A0A-4742-AF62-27496979836F
DocuSign Envelope ID: C3317E77-9A0A-4742-AF62-27496979836F
4/25/2024
DocuSign Envelope ID: C3317E77-9A0A-4742-AF62-27496979836F
DocuSign Envelope ID: C3317E77-9A0A-4742-AF62-27496979836F