20160130 Ver 1_Credit Release Task 1_20160526

Water Resources
ENVIRONMENTAL QUALITY
May 26, 2016
John Hutton
312 West Millbrook Rd, Suite 225
Raleigh, NC 27609
PAT MCCRORY
Governor
DONALD R. VAN DER VAART
Secretary
S. JAY ZIMMERMAN
Director
DWR Project #: 2016-0130
Durham County
Re: North Fork Little River Mitigation Banking Instrument (MBI)
North Fork Little River Nutrient Offset & Buffer Bank Credit Release— Task 1
Dear Mr. Hutton:
The Division of Water Resources (DWR) received a Bank Parcel Development Package (BPDP)
for the above -referenced site on February 12, 2016 for review and approval under the terms and
conditions of the North Fork Little River Mitigation Banking Instrument (MBI). The MBI was
made and entered into by Wildlands Holdings II, LLC (WHII), acting as the Bank Sponsor, and
the DWR on April 19, 2016. After receiving comments from Katie Merritt with DWR, WHII
submitted a revised BPDP on March 30, 2016.
On April 15, 2016, the revised BPDP was placed on public notice. DWR received one comment
regarding the subject BPDP. WHII submitted additional information and a final BPDP on May
25, 2016 to satisfy the public comment. The BPDP received May 26, 2016 is now approved.
On May 24, 2016, DWR received a signed and recorded conservation easement and plat for the
subject site with WHII as the Grantee. Additionally, DWR received a performance bond
(#106405076) from WHII on May 25, 2016, to cover performance obligations for the
construction of the subject site. This bond is with Travelers Casualty and Surety Company of
America and expires upon the approval of the As -Built Report.
According to the MBI, signed on April 19, 2016, the following Project Milestones have been
met, and the corresponding credits shall be released:
Task/Milestones Credit
1) MBI & BPDP Approved, Conservation Easement Recorded 20%
and Financial Assurance posted
TOTAL: 20%
By copy of this correspondence, DWR confirms that you have satisfied the above requirements
for the above -referenced tract and 20% of your Neuse riparian buffer credits (0.20 x 605,484 ft'
= 121,096.8 ft') are now available for sale. Additionally, 20% of your Nitrogen nutrient offset
State of North Carolina I Environmental Quality I Water Resources
1617 Mail service Center I Raleigh, North Carolina 27699-1617
919 807 6300

Wildlands Holdings II, LLC
North Fork
Page 2 of 2
May 25, 2016
credits (0.20 x 41,823.561b -N = 8,364.71 lb -N) and 20% of your Phosphorous nutrient offset
credits (0.20 x 2,693.761b -P = 538.75 lb -P) are now available for sale.
Please note that nutrient offset credits generated at this site must be used for impacts in
HUC 03020201 of the Upper and Lower Falls Watersheds as defined in 15A NCAC 02B
.0276 within the Neuse River Basin. Additionally, the riparian buffer credits must be used
for impacts in the Neuse River Basin according to guidelines in the new Temporary
Consolidated Buffer Mitigation Rule, 15A NCAC 02B .0295, which became effective on
November 1, 2015.
Please use the Credit Ledger Templates provided on our website at:
htlp://portal.ncdenr.or web/wq/nutrientbuffertem 1p ates to track and report credit availability for
the North Fork Little River Mitigation Bank. Upon receiving this correspondence, please submit
two credit ledgers to DWR reflecting the available credits released for each mitigation type.
Please feel free to call Katie Merritt at [phone] if you have any questions regarding this
correspondence.
Sincerely,
Karen Higgins, Supervisor
401 & Buffer Permitting Branch
KAH/km
cc:File Copy (Katie Merritt)
Robert Bugg — Wildlands Holdings II, LLC (via electronic mail; rbugg_kwildlandseng com )