HomeMy WebLinkAbout20090858 Ver 2_Carl Lloyd Closure_20160413Water Resources
ENVIRONMENTAL QUALITY
April 13, 2016
Daniel Ingram
EBX Neuse 1, LLC
302 Jefferson Street, Suite 110
Raleigh, NC 27605
PAT MCCRORY
Governor
DONALD R. VAN DER VAART
Secretary
S. JAY ZIMMERMAN
Director
DWQ Project #: 2009-0858v2
Orange County
Re: Cape Fear Riparian Buffer and Nutrient Mitigation Umbrella Banking Instrument
(UBn
Carl Lloyd Mitigation Bank Parcel Closure
Dear Mr. Ingram:
On August 4, 2015, the Division of Water Resources (DWR) released 100% of the remaining nutrient
offset credits for the Carl Lloyd Nutrient Offset Mitigation Bank to EBX-EM, LLC (EBX). A
conservation easement has been recorded and the long term holder and Grantee of the easement is the
North Carolina Wildlife Habitat Foundation, Inc (NCWHF). On April 13, 2016, EBX provided Katie
Merritt, with DWR, updated nitrogen and phosphorous nutrient offset credit ledgers showing that all
credits that had been released have been sold or transferred and now show zero credit balances.
DWR determines Bank Parcel Closure when all of the following have been achieved by the Bank:
1. Transfer or assign the conservation easement and all of its interests, in perpetuity, to a
land trust or stewardship program
2. All five years of monitoring completed and all monitoring reports submitted and
approved by DWR
3. All credits have been released and debited and updated ledgers showing a zero credit
balance have been submitted and approved by DWR.
As of the date of this letter, the Carl Lloyd Nutrient Offset Mitigation Bank Parcel is closed.
Please feel free to call Katie Merritt at (919) 807-6371 if you have any questions regarding this
correspondence.
KAH/km.
File Copy (Katie Merritt)
Sincerely,
Karen Higgins, Supervisor
401 & Buffer Permitting Branch
State of North Carolina I Environmental Quality I Water Resources
1617 Mail service Center I Raleigh, North Carolina 27699-1617
919 807 6300
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