Credit Release Task 2_Dutch.docx

Docusign Envelope ID: DB48597E-2823-4258-8E54-24EEDF3B1B03
ROY COOPER
Governor
MARY PENNY KELLEY
Secretary
RICHARD E. ROGERS, JR.
Director
NORTH CAROLINA
Environmental Quality
October 16, 2024
TJ Mascia
Davey Resource Group, Inc.
(via electronic mail: timasciagdavey.com )
Re: Dutch Farms Mitigation Banking Instrument (MBI)
Dutch Farms Bank Parcel Credit Release — Task 2
Dear Mr. Mascia:
DWR Project #: 2021-1422
Guilford County
On April 4, 2024, the Division of Water Resources (DWR) received documentation from Davey
Resource Group, Inc. (Davey) that the subject site had been constructed in its entirety and monitoring
plots had been installed. On April 17, 2024, Blake Hartshorn with DWR, with assistance from staff
with Davey, inspected the site and confirmed that most of the subject site had been completely
planted, all monitoring plots were installed, and all stream mitigation activities appeared to be
completed. All riparian areas, including the stream banks, were seeded and stabilized. Any required
fencing was installed and the conservation easement was adequately marked. Supplemental planting
efforts were deemed necessary in some areas and has now been completed.
DWR received a performance bond (#K41613610) issued to Davey from Federal Insurance
Company, in the amount of $150,000, to cover performance obligations for the construction of the
subject site. The terms of this bond will terminate upon approval of the As -Built and Baseline
Monitoring Report by the DWR.
In accordance with the MBI, signed on January 26, 2023, the following Project Milestones have been
met and the corresponding credits shall be released:
Task/Milestones Credit
2) All Riparian Earthwork, Planting and Installation of Monitoring devices 20%
completed, easement boundaries adequately marked, all applicable permits
obtained, a site visit performed by
The delivery factors applied to this bank due to its location in the 14-digit HUC 03030002040010 are
30% for nitrogen and 14% for phosphorous. Therefore, the total amounts of delivered nutrient offset
credits for this site are 129.431 lb-N and 3.862 lb-P.
North Carolina Department of Environmental Quality I Division of Water Resources
512 North Salisbury Street 1 1617 Mail Service Center I Raleigh, North Carolina 27699-1617
Noan+cae+ourrn �
m„ eri a�anN 919.707.9000

Docusign Envelope ID: DB48597E-2823-4258-8E54-24EEDF3B1B03
Dutch Farms Site
Davey
October 16, 2024
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract and the following credits are being released and are now available to sell:
• 20% of the Jordan Lake riparian buffer Restoration credits
(0.20 x 501,949 ft2=100,389.800 ft2)
• 20% of the Jordan Lake riparian buffer Enhancement and Preservation credits
(0.20 x 17,314.500 ft2 = 3,462.900 ft2)
• 20% of the delivered nitrogen offset credits (0.20 x 129.431 lb-N = 25.886 lb-N)
• 20% of the delivered phosphorus offset credits (0.20 x 3.862 = 0.772 lb-P)
Please note that the delivered nutrient offset credits must be used for impacts in the Haw River
Arm of Jordan Lake within the Cape Fear River Basin according to 15A NCAC 02B .0703.
Additionally, riparian buffer credits can only be used to offset impacts located in the Haw
River Sub Watershed of Jordan Lake according to 15A NCAC 02B .0295, which became
effective on November 1, 2015.
Upon receiving this correspondence, update all credit ledgers accordingly. Feel free to contact Katie
Merritt at katie.merritt&deq.nc. _ og_v if you have any questions regarding this correspondence.
Sincerely,
E Do cnuSi gn 1e-d by-
6
tAl'I_' t SS
755ABFOCD8OB428...
Stephanie Goss, Supervisor
401 & Buffer Permitting Branch
cc:File Copy (Katie Merritt)
Caitlyn Parker (Davey) — via electronic mail
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