HomeMy WebLinkAbout20110309 Ver 4 _Exhibit DCredit Reservation Letter _20180409BACHELORS DELIGHT MITIGATION BANK
CREDIT RESERVATION LETTER
February 27, 2018
TO: Larry Roberts (Attn Thomas Brown)
Martin Marietta
2700 Wycliff Road, Suite 104
Raleigh NC, 27607
FROM: Bachelors Delight Mitigation Bank
c/o Land Management Group, Inc.
3805 Wrightsville Avenue, Suite 15
Wilmington, NC 28403
Project: Onslow Quarry
Dear Mr. Roberts and Mr. Brown:
Pursuant to your recent credit request, Bachelors Delight Mitigation Bank (BDMB) is providing confirmation
of acceptance to supply riparian wetland and stream compensatory mitigation credits for impacts
associated with the Onslow Quarry Project located at 131 Duffy Field Road in Richlands, Onslow County,
North Carolina. This acceptance is conditional upon receipt of payment as outlined below. Please refer to
the table below depicting the type and quantity of credits requested and reserved for your project.
Note that the BDMB provides wetland credits in 0.1‐acre increments. Based upon receipt of the project
credit request transmitted on February 26, 2018, BDMB will reserve 424 stream credits and 0.3 riparian
wetland credits for a period of up to 90 days from the date of this letter. Note that requests to reserve
credits beyond 90 days will require a deposit. Please contact us if you need a reservation to extend beyond
the 90‐day period.
Upon request for receipt of credit transfer, BDMB will issue an invoice in the amount of $188,587.60.
Upon receipt of payment, BDMB will provide an executed Transfer of Credit Certificate. Note that all
payments must be made with certified funds. It is the applicant’s responsibility to ensure that the credit
types and amounts requested are consistent with the compensatory mitigation requirements of the
permit(s) issued. BDMB and/or its agents are not responsible for determining the applicant’s mitigation
requirements. If you have any questions or need additional information, please contact me by phone at
(910) 452‐0001 or by email at cpreziosi@lmgroup.net.
Sincerely,
Bachelors Delight Mitigation Bank
Christian Preziosi
Land Management Group, Inc. (Agent)
Mitigation Type Credits Reserved Fee Per Unit Fee
Stream 424 $394.00 $167,056.00
Non‐Riparian Wetland 0.0 $51,782.00 $0.00
Riparian Wetland 0.3 $71,772.00 $21,531.60
Total Fee $188,587.60
BACHELORS DELIGHT MITIGATION BANK
CREDIT RESERVATION LETTER
February 27, 2018
TO: Larry Roberts (Attn Thomas Brown)
Martin Marietta
2700 Wycliff Road, Suite 104
Raleigh NC, 27607
FROM: Bachelors Delight Mitigation Bank
c/o Land Management Group, Inc.
3805 Wrightsville Avenue, Suite 15
Wilmington, NC 28403
Project: Onslow Quarry
Dear Mr. Roberts and Mr. Brown:
Pursuant to your recent credit request, Bachelors Delight Mitigation Bank (BDMB) is providing confirmation
of acceptance to supply riparian wetland and stream compensatory mitigation credits for impacts
associated with the Onslow Quarry Project located at 131 Duffy Field Road in Richlands, Onslow County,
North Carolina. This acceptance is conditional upon receipt of payment as outlined below. Please refer to
the table below depicting the type and quantity of credits requested and reserved for your project.
Note that the BDMB provides wetland credits in 0.1‐acre increments. Based upon receipt of the project
credit request transmitted on February 26, 2018, BDMB will reserve 424 stream credits and 0.3 riparian
wetland credits for a period of up to 90 days from the date of this letter. Note that requests to reserve
credits beyond 90 days will require a deposit. Please contact us if you need a reservation to extend beyond
the 90‐day period.
Upon request for receipt of credit transfer, BDMB will issue an invoice in the amount of $188,587.60.
Upon receipt of payment, BDMB will provide an executed Transfer of Credit Certificate. Note that all
payments must be made with certified funds. It is the applicant’s responsibility to ensure that the credit
types and amounts requested are consistent with the compensatory mitigation requirements of the
permit(s) issued. BDMB and/or its agents are not responsible for determining the applicant’s mitigation
requirements. If you have any questions or need additional information, please contact me by phone at
(910) 452‐0001 or by email at cpreziosi@lmgroup.net.
Sincerely,
Bachelors Delight Mitigation Bank
Christian Preziosi
Land Management Group, Inc. (Agent)
Mitigation Type Credits Reserved Fee Per Unit Fee
Stream 424 $394.00 $167,056.00
Non‐Riparian Wetland 0.0 $51,782.00 $0.00
Riparian Wetland 0.3 $71,772.00 $21,531.60
Total Fee $188,587.60