20201384 Ver 1_EBX_20201384v1_Bobs Branch_Task 3_Credit Release Request_07092024_20240709

3600 Glenwood Avenue, Suite 100
Raleigh, NC 27612

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

July 9, 2024
CREDIT RELEASE REQUEST FORM
To: NCDEQ-DWR Katie Merritt
From: Jamey McEachran, [e-mail] (919-623-9889)
Through: Environmental Banc and Exchange, LLC (EBX)
We formally request a credit release for the Bobs Branch Mitigation Site (DWR Project # 2020-1384
v1) for completion of Task #3: Monitoring Financial Assurance Posted and Approval of As-
Built Report. The following documents have been submitted to DWR for Task #3:
1) As-Built Project Credit Table 2) Sealed As-Built Survey Plat 3) Credit Release Schedule (PDF from
Approved BPDP, and Excel)
Credits requested for release are detailed below:
Credit Type %
Release
Credit Amount
(Include Units)
Notes/Comments
Riparian Buffer Restoration 10 44,700.308 Task 3 Credits were adjusted to represent As-Built survey
calculations
Riparian Buffer Preservation 10 46.746 Task 3 Credits were adjusted
to represent As-Built survey
calculations

Signature:

Attachments: 1) As-Built Project Credit Table 2) Sealed As-Built Surve Plat 3) Approved Credit Release
Schedule (MBI) 4) Excel Credit Release Schedule

Table 7. Bobs Branch Project Credits
Cape Fear - Randleman Project Area
N/A N Credit Conversion Ratio (ft2/pound)
N/A 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 Yes I / P Restoration 0-100 BS1, BS2, BB1 374,908 374,908 1 100%1.00000 Yes 374,908.000 No ——
Buffer Rural Yes I / P Restoration 101-200 BS1, BS2, BB1 32,422 32,422 1 33%3.03030 Yes 10,699.271 No ——
Buffer Rural No Ephemeral Restoration 0-100 BS2 49,151 49,151 1 100%1.00000 Yes 49,151.000 No ——
Buffer Rural No Ephemeral Restoration 101-200 BS2 1,395 1,395 1 33%3.03030 Yes 460.350 No ——
Buffer Rural Yes I / P Restoration 20-29 BB1 405 405 1 75%1.33333 Yes 303.751 No ——
Buffer Rural No I / P Restoration 0-100 No Credit Area -BB1, BS2 3,577 0 1 100%Yes —No ——
———
———
———
———
———
———
———
———
———
———
———
———
———
Totals (ft2):461,858 458,281 435,522.372 0.000 0.000
Total Buffer (ft2):461,858 458,281
Total Nutrient Offset (ft2):0 N/A
Total Ephemeral Area (ft2) for Credit:53,675 53,675
Total Eligible Ephemeral Area (ft2):116,247 11.5%Ephemeral Reaches as % TABM
Enter Preservation Credits Below Total Eligible for Preservation (ft2):153,953 0.5%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 Ephemeral 0-50 BS2 2,558 2,558 5 100%5.00000 511.600
Buffer Rural No Ephemeral 20-29 BS2 571 571 5 75%6.66667 85.650
Buffer —
Buffer —
Buffer —
Preservation Area Subtotals (ft2):3,129 3,129
TOTAL AREA OF BUFFER MITIGATION (TABM)
Mitigation Totals Square Feet Credits
Restoration:458,281 435,522.372
Enhancement:0 0.000
Preservation:3,129 597.250
Total Riparian Buffer:461,410 436,119.622
TOTAL NUTRIENT OFFSET MITIGATION
Mitigation Totals Square Feet Credits
Nutrient Offset:Nitrogen:0 0.000
Phosphorus:0.000
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
02/28/24
10

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

Task

Project Milestone
%
Credit
Availa
ble for Sale
1 Instrument and BPDP Approved by DWR, Conservation Easement
Recorded* and Financial Assurance Posted
20
2
All Riparian Earthwork & Mitigation Activities, Planting and Installation of Monitoring Devices completed, easement boundaries adequately marked, all applicable permits obtained. A site visit performed by DWR is required for this task
20
3 Monitoring Financial Assurance Posted and Approval of As-Built Report 10
4 Monitoring Report #1: Approved by the DWR** & Financial Assurance Posted 10
5 Monitoring Report #2: Approved by the DWR** & Financial Assurance Posted 10
6 Monitoring Report #3: Approved by the DWR** & Financial Assurance Posted 10
7 Item B (1) of Section IX in this Instrument has been completed and approved by DWR. 5
No remaining credits will be released until the conservation easement has been assigned to an approved land trust or stewardship
8 Monitoring Report #4: Approved by the DWR** & Financial Assurance Posted 5
9 Monitoring Report #5: Approved by the DWR** and final site visit by DWR has been conducted 10
Total 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. Any major deviations to the Bank Parcels that were not authorized in writing by DWR prior to
implementation may affect the amount of riparian buffer credits that will be generated by the Bank
Parcels.

IX. PROCEDURE FOR DEBITING AND CREDITING
Credit Ledgers
As-Built Credits 435,522.372 597.250
Original Mit Plan Credits 432,971.106 626.091
Riparian Buffer Credit release schedule TOTAL (as-built) Credits: 436,119.622
Credit Release #%Buffer Restoration Buffer Preservation Credit Release Date NOTES
1 Instrument and BPDP Approved by DWR, Conservation Easement
Recorded* and Financial Assurance Posted 20%86,594.221 125.218 9/11/2023 9/11/2023
2
All Riparian Earthwork & Mitigation Activities, Planting and Installation
of Monitoring Devices completed, easement boundaries adequately
marked, all applicable permits obtained. A site visit performed by DWR
is required for this task 20%86,594.221 125.218 4/19/2024 4/19/2024
3 Monitoring Financial Assurance Posted and Approval of As-Built Report 10%44,700.308 46.746 7/9/2024
** Used As-Built Numbers and added the differences between
Task 1, Task 2, and Task 3 numbers (1,148.070)
4 Monitoring Report #1: Approved by the DWR** & financial assurance
posted 10%43,552.237 59.725
5 Monitoring Report #2: Approved by the DWR** & financial assurance
posted 10%43,552.237 59.725
6 Monitoring Report #3: Approved by the DWR** & financial assurance
posted 10%43,552.237 59.725
7 Item B (1) of Section X in this Instrument has been completed and
approved by DWR.5%21,648.555 31.305 9/11/2023 9/11/2023
8 Monitoring Report #4: Approved by the DWR** & financial assurance
posted 5%21,776.119 29.863
9 Monitoring Report #5: Approved by the DWR** and final site visit by
DWR has been conducted 10%43,552.237 59.725
194,837.00 281.74 Credits Released to Date