Wildlands Cape Fear 02 - Flat Rock - Monitoring Year 0 Report_SAW-2021-01309_Credit Release Schedule

Project Name:
Sponsor Name:
USACE Action ID:
NCDWQ Action ID:
Non-Forested
Wetland
Credits
Warm
Water
Cool
Water
Cold
Water
Riparian
Riverine
Riparian
Non-Riverine Non-Riparian Coastal
7,975.80 34.535
7,975.80 34.535
Scheduled
Releases
Warm
Water
Cool
Water
Cold
Water
Scheduled
Releases
Riparian
Riverine
Riparian
Non-Riverine Non-Riparian Scheduled
Releases Coastal
1 (Bank/Site Establishment)1, 2 15%1,196.37 15%5.180 15%Jul-23 8/23/2023
2 (Year 0/As-Built)3 15%1,196.37 15%5.180 15%Aug-24
3 (Year 1 Monitoring)10%797.58 10%3.453 10%Apr-25
4 (Year 2 Monitoring)10%797.58 10%3.453 15%Apr-26
5 (Year 3 Monitoring)10%797.58 15%5.180 20%Apr-27
6 (Year 4 Monitoring)5%398.79 5%1.726 10%Apr-28
7 (Year 5 Monitoring) 10% 797.58 15%5.180 15%Apr-29
8 (Year 6 Monitoring)5%398.79 5%1.726 NA NA Apr-30
9 (Year 7 Monitoring)10%797.58 10%3.453 NA NA Apr-31
Stream Bankfull Standard4 10%NA NA NA NA NA NA Varies4
Total Credits Release to Date 15%2,392.74 15%10.360
Date
4 - A 15% reserve of credits to be held back until the bankfull event performance standard has been met.
Contingencies (if any): None
Signature of Wilmington District Official Approving Credit Release
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.
Current and Future Credit Releases
Credit Release Milestone
Stream Credits Forested Wetland Credits Non-Forested Wetland
Credits Projected
Release Date
Actual Release
Date
Potential Credits from As-Built Survey
SAW-2021-01309 Year Project Instituted:2021
20211424 v1 Date Prepared:7/22/2024
Total Potential Credits
Credit Classification
Stream Credits Forested Wetland Credits
Potential Credits from Mitigation Plan
Wilmington District Mitigation Bank Credit Release Schedule
Flat Rock County:Guilford
Wildlands Holdings VI, LLC 8-Digit HUC:03030002
797.58
10 SEP 2024