20110677 Ver 3_More Info Received_20240924

LOWER CAPE FEAR UMBRELLA MITIGATION BANK
STATEMENT OF CREDIT AVAILIBILITY
September 24, 2024
TO: Brunswick Business & Industry Development
c/o Bill Early
1175 Turlington Avenue #202
Leland, NC 28451
FROM: Lower Cape Fear Umbrella Mitigation Bank
c/o Davey Resource Group Inc
3805 Wrightsville Avenue, Suite 15
Wilmington, NC 28403
Project: Mid -Atlantic Industrial Park (Brunswick County, NC)
Dear Mr. Early:
Pursuant to the recent credit request submitted on your behalf, the Lower Cape Fear Umbrella Mitigation
Bank (LCFUMB) is providing confirmation of acceptance to supply mitigation credits for proposed non -
riparian wetland impacts associated with the Mid -Atlantic Industrial Park project (Brunswick County, NC).
This acceptance is conditional upon receipt of payment as outlined below. Please refer to the table below
depicting the type and quantity of credits requested and reserved for your project.
Mitigation Type
[Stream
[Non -Riparian Wetland
[Riparian (Riverine) Wetland
r
Credits Reserved
0.0
11.4
0.0
Fee Per Unit
$738.84
$65,312.68'
$76,838.45
Total Fee
Fee
$0.00
$744,564.55
$0.00
$744,564.55
°Note that the quoted fee represents a 15% discount for mitigation credit needs equal to 10 or more credits. For mitigation needs
less than 10 credits, the retail fee of $76,838.45 will apply.
Based upon receipt of your email transmitted on September 24, 2024, LCFUMB will reserve 11.4 non -riparian
wetland credits for a period of up to 90 days from the date of this letter. Note that requests to reserve
credits beyond 90 days will require a deposit. Please contact us if you need a reservation to extend beyond
the 90-day period.
Upon request for receipt of credit transfer, LCFUMB will issue an invoice in the amount of $744,564.55.
Upon receipt of payment, LCFUMB will provide an executed Transfer of Credit Certificate. Note that all
payments must be made with certified funds. It is the applicant's responsibility to ensure that the credit
types and amounts requested are consistent with the compensatory mitigation requirements of the permit(s)
issued. LCFUMB and/or its agents are not responsible for determining the applicant's mitigation
requirements. If you have any questions or need additional information, please contact me by phone at
[phone] or by email at [e-mail]
Sincerely,
Davey Resource Group Inc. (agent for LCFUMB)
./i/Rit-- /3,/i. ii
Christian Preziosi
Principal Consultant