20160980 Ver 2_BPDP Approval Letter_20180530

Water RCSOUre.eS
Em ironmcntal Quality -
May 23, 2018
Daniel Ingram
EBX-Neuse I, LLC
302 Jefferson Street, Suite 110
Raleigh, NC 27605
(via electronic mail: dingrajnk�res.us
Re: Meadow Spring BPDP Approval
Dear Mr. Ingram,
ROY COOPER
(101'(17710/
MICHAEL S. REGAN
LINDA CULPEPPER
htleiim Direclor
The Division of Water Resources (DWR) received a draft Bank Parcel Development Package (BPDP)
for the Meadow Spring Mitigation Site (Site) in 2017, for review and approval under the terms and
conditions of the RES Neuse 01 Umbrella Mitigation Banking Instrument for Riparian Buffer
Mitigation and Nutrient Offsets (LIMBI). The UMBI was made and entered into by EBX-Neuse I,
LLC (EBX) acting as the Bank Sponsor, and the DWR. Katie Merritt, with DWR, reviewed the BPDP
document and provided comments and recommendations. DWR received a revised BPDP that
addressed all comments and recommendations provided by Ms. Merritt. The table below summarizes
the timeline of the BPDP:
Project Site
DWR Project
Initial BPDP &
Revised BPDP & MBI
Public Notice
Name
ID #
MBI
Received
Date
Received
Final Draft
Meadow Spring
2016-0980v2
June 1, 2017
March 12, 2018
May 1, 2018
BPDP
The closing date for the public notice was May 16, 2018. DWR received no comments regarding the
subject BPDP document. This document is approved. A hard copy of the BPDP is required for our
files as soon as possible.
According to the credit release schedule outlined in your LIMBI, the following items are required
prior to receiving your first credit release of twenty percent (20%):
Conservation easement approved by DWR (for all parcels)
Financial Assurance documents if applicable
Please feel free to call Katie Merritt at [phone] if you have any questions regarding this
correspondence.
=---Nothing Compares'.--
State of North Carolina I Environmental Quality
1611 Mail Service Center I Raleigh, North Carolina 27699-1611
919-707-9000

Meadow Spring Approval Letter
May 23, 2018
Page 2 of 2
Sincerely,
Karen Higgins, Supe isor
401 & Buffer Permitting Unit
cc: File Copy (Katie Merritt)