Dutch Farms Bank Credit Release Schedule_signed

Project Name:
Sponsor Name:
USACE Action ID:
NCDWQ Action ID:
Non-Forested
Wetland
CreditsWarm
Water
Cool
Water
Cold
Water
Riparian
Riverine
Riparian
Non-Riverine Non-Riparian Coastal
5402.100 2.190
5402.100 2.060
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% 816.274 15% 0.329 15%4/15/2023 4/17/2023
2 (Year 0/As-Built)3 15% 809.264 15% 0.290 15%9/15/2024
3 (Year 1 Monitoring)10% 539.509 10% 0.206 10%
4 (Year 2 Monitoring)10% 539.509 10% 0.206 15%
5 (Year 3 Monitoring)10% 539.509 15% 0.309 20%
6 (Year 4 Monitoring)5% 269.755 5% 0.103 10%
7 (Year 5 Monitoring)10% 539.509 15% 0.309 15%
8 (Year 6 Monitoring)5% 269.755 5% 0.103 NA NA
9 (Year 7 Monitoring)10% 539.509 10% 0.206 NA NA
Stream Bankfull Standard4 10% 539.509 NA NA NA NA NA NA Varies4
Total Credits Release to Date 1625.538 0.619
Date
Wilmington District Mitigation Bank Credit Release Schedule
4 - A 15% reserve of credits to be held back until the bankfull event performance standard has been met.
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.
Contingencies (if any): None
Signature of Wilmington District Official Approving Credit Release
Dutch Farms Site
Davey Mitigation, a Division of Davey Resource Group
SAW-2021-01071
DWR 2021-1422
Potential Credits from Mitigation Plan
Forested Wetland Credits
Total Potential Credits
Projected
Release Date
Actual Release
Date
Potential Credits from As-Built Survey
Stream Credits
Credit Classification
Non-Forested Wetland
CreditsForested Wetland CreditsStream Credits
Current and Future Credit Releases
Credit Release Milestone
Guilford
03030002
2023
8/22/2024
County:
8-Digit HUC:
Year Project Instituted:
Date Prepared:
09/18/2024