HomeMy WebLinkAbout20180647 Ver 1_Credit Reservation Letter_20180211NORTHEAST CAPE FEAR UMBRELLA MITIGATION BANK
Agent: Land Management Group, Inc.
3805 Wrightsville Avenue, Suite 15
Wilmington, NC 28403
May 10, 2018
Martin Marietta
Attn. Thomas Brown
2700 Wycliff Road Suite 104
Raleigh, NC 27607
Credit Reservation Letter
Project: Castle Hayne Rail Extension Project
Dear Mr. Brown:
The Northeast Cape Fear Umbrella Mitigation Bank (Bank) is providing preliminary acceptance to supply
mitigation credits for impacts to non‐riparian wetlands associated with the above‐referenced project
located in Castle Hayne (New Hanover County) NC. Please refer to the table below depicting the type and
quantity of credits requested and reserved for your project.
Mitigation Type Credits Reserved Fee Per Unit Fee
Stream 0.0 $394.00 $0.00
Non‐ Riparian Wetland 0.2 $37,400.00 $7,480.00
Riparian Wetland 0.0 $71,273.00 $0.00
Total $7,480.00
The Bank will reserve the stream and wetland credits identified above through August 10, 2018. 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 credit transfer, the Bank will issue an invoice in the amount of $7,480. Upon receipt of
payment, the Bank will provide an executed Transfer of Credit Certificate for the total amount of credits
invoiced and paid for. 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,
Northeast Cape Fear Umbrella Mitigation Bank
Christian Preziosi
Land Management Group, Inc. (agent)
Northeast Cape Fear Umbrella Mitigation Bank 1
c/o Land Management Group, Inc.
3805 Wrightsville Avenue, Suite 15
Wilmington, NC 28403