20110720 Ver 4_Credit Release Task 8 REVISED_20161114

Water Resources
ENVIRONMENTAL QUALITY
November 14, 2016
PAT MCCRORY
Governor
DONALD R. VAN DER VAART
Secretary
S. JAY ZIMMERMAN
Director
Mr. Daniel Ingram DWQ Project #: 2011-0720 v4
Environmental Banc & Exchange, LLC Person County
302 Jefferson Street, Suite 110
Raleigh, NC 27605
Re: Upper Neuse River Basin Umbrella Mitigation Banking Instrument (LIMBI)
REVISED Hatley (Phase I) Bank Parcel Credit Release — Task 8
Dear Mr. Ingram:
On October 17, 2016, the Division of Water Resources (DWR) received a Year 4 Monitoring
Report for the subject site from Environmental Banc & Exchange, LLC (EBX). Overall, site
conditions appear to look good and vegetation data results show stem densities higher than the
required 320 stems/acre throughout most of the site. Replanting of the area in and around Plot 3
occurred in April 2016. Stem measurements recorded in Plot 3, show heights very similar to
stems in other plots that are four years old. Additionally, no encroachment within the easement
boundaries was noted in the report. On November 9, 2016, DWR issued an incorrect credit
release letter. This credit release is being revised to release 5% of the credits instead of 10% and
replaces the letter dated November 9, 2016.
According to the UMBI signed on February 10, 2012, the following Project Milestones have
been met, and the corresponding credits shall be released:
Task/Milestones
8) Year 4 Monitoring Report approved by DWR
Credit
5%
By copy of this correspondence, DWR confirms that you have satisfied the above requirements
for the above -referenced tract and 5% of your Neuse riparian buffer credits (0.05 x 310,838 ft2 =
15,541.9 ft2) are now available for sale. Additionally, 5% of your nitrogen nutrient offset credits
(0.05 x 16,774.88 lb -N = 838.74 lb -N) and 5% of your phosphorous nutrient offset credits
(0.05x 1,080.43 lb -P = 54.02 lb -P) are now available for sale. Please update the credit ledgers
accordingly.
Please note that nutrient offset credits generated at this site must be used for impacts in
HUC 03020201 of the Neuse River Basin which includes only the Upper and Lower Falls
Watersheds as defined in 15A NCAC 02B.0276. Additionally, the riparian buffer credits
must be used for impacts in the Neuse River Basin according to guidelines in the
State of North Carolina I Environmental Quality I Water Resources
1617 Mail service Center I Raleigh, North Carolina 27699-1617
919 807 6300

Hatley (Phase I) Mitigation Bank
November 14, 2016
Consolidated Buffer Mitigation Rule, 15A NCAC 02B.0295, which became effective on
November 1, 2015.
Please feel free to call Katie Merritt at [phone] if you have any questions regarding this
correspondence.
Sincerely,
Karen Higgins, Supervisor
401 and Buffer Permitting Branch
KAH/km
cc:File Copy (Katie Merritt)
Cara Conder - Environmental Banc & Exchange, LLC (via electronic mail)
Page 212