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HomeMy WebLinkAbout20130436 Ver 3_Task 4 Credit Release Final_20180625Wa ter Resources ENVIRONMENTAL QUALITY June 25, 2018 Mr. Bobby Ham Greene Environmental Services, LLC 90 Ham Produce Road Snow Hill, NC 28580 ROY COOPER Governor MICHAEL S. REGAN Secretm-v LINDA CULPEPPER Interim Director DWR Project #: 2013-04360 Pitt County Re: Tar -Pamlico Umbrella Mitigation Banking Instrument (LIMBI) Pactolus Nutrient Offset Bank Credit Release— Task 4 final Dear Mr. Ham: On January 25, 2018, the Division of Water Resources (DWR) issued a 5% credit release for partial completion of Task 4 for the Pactolus Mitigation Bank. The release was issued for approval of the Year 1 Monitoring Report. It was noted in the credit release letter that the remaining 5% of the credit release would be issued upon receipt of bond renewal. On June 15, 2018, DWR received a continuation certificate from Greene Environmental Services, LLC (GES) in the amount of $100,000 from The Hartford Insurance Group, extending the expiration date of the current performance bond ((#22BSBHC3722). The term of this bond now applies through June 27, 2019. Therefore, GES is required to renew the performance bond prior to June 27, 2019 and is required to renew the bond annually for at least 4 more years. Future credit releases will be dependent on both the renewal of this performance bond and the approval of the annual monitoring reports. According to the UMBI, signed on May 1, 2013, the following Project Milestones have been partially met, and the corresponding credits shall be released: Task/Milestones 4) Monitoring Report #1: Approved by the DWR (final) Credit 5% By copy of this correspondence, DWR confirms that you have partially satisfied the above requirements for the above -referenced tract and 5% of your Nitrogen nutrient offset credits (0.05 x 34,822.671bs-N = 1,741.13 lb -N) are now available for sale. Additionally, 5% of your Phosphorus nutrient offset credits (0.05 x 2,242.85 lb -P = 112.14 lbs -P) are now available for sale. Please update your credit ledgers accordingly. State of North Carolina I Environmental Quality I Water Resources 1617 Mail Service Center I Raleigh, North Carolina 27699-1617 919 807 6300 w Pactolus Bank Parcel Greene Environmental Services, LLC June 25, 2018 Please note that nutrient offset credits generated at this site must be used for development impacts in HUC 03020103 of the Tar -Pamlico River Basin per 15A NCAC 02B.0240. Please feel free to call Katie Merritt at (919) 807-6371 if you have any questions regarding this correspondence. Sincerely, =I k WWI IN Karen Higgins, Supervisor 401 & Buffer Permitting Branch ilii/L^w'a cc:File Copy (Katie Merritt) Jeff Becker — GES (via electronic mail jrbecker bellsouth.net ) Page 212