20150636 Ver 1_Credit Release (Ph I & II) Task 7_20180731

ROY COOPER
Governor
MICHAEL S. REGAN
Secretary
LINDA CULPEPPER
interim Director
Mike Hermann
Watershed Investments NC, LLC
1630 Weatherford Circle
Raleigh, NC 27604
NORTH CAROLINA
Environmental Quality
July 31, 2018
Re: Neville Farms Mitigation Bank Instrument (MBI)
Neville Farms Phase II Bank Parcel Credit Release — Task 7
Dear Mr. Hermann:
DWQ Project #: 2015-0636
Orange County
On July 30, 2018, the Division of Water Resources (DWR) received confirmation from Watershed
Investments NC, LLC (WINC) that the conservation easement for the Neville Farms Phase II
Mitigation Bank has been successfully assigned to Unique Places to Save. Unique Places to Save is
a 501(c)(3) non-profit corporation and has been approved by DWR as a long-term steward for this
mitigation bank.
According to the MBI signed on January 7, 2016, the following Project Milestones for Phase II have
been met, and the corresponding credits shall be released:
Task/Milestones Credit
7) Item (B) (1) of Section IX in the Instrument (assignment of Conservation 5%
Easement) has been completed and approved by DWR
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract. Therefore, 5% of your Jordan Lake riparian buffer Preservation credits
(0.05 x 2,330.50 ft =116.53 ft2) are now available for sale. Additionally, 5% of your Jordan Lake
riparian buffer Restoration credits (0.05 x 55,321.20 ft' 2,766.06 ft) are now available for sale
The riparian buffer Preservation and Restoration credits must be used for authorized impacts
in the Upper New Hope Sub -watershed according to guidelines in the Consolidated Buffer
Mitigation Rule, 15A NCAC 02B .0295, which became effective on November 1, 2015.
North Carolina Department of Environmental Quality I Division of Water Resources
512 North Salisbury Street 11611 Mail Service Center I Raleigh, North Carolina 27699-1611
919.707.9000

Neville Farms Phase II
Watershed Investments NC, LLC
July 31, 2018
Please feel free to call Katie Merritt at [phone] if you have any questions regarding this
correspondence.
KAH/kym
cc: File Copy (Katie Merritt)
Sincerely,
Karen Higgins, Supervisor
401 and Buffer Permitting Branch
Page 212

Neville Farms Phase I
Watershed Investments NC, LLC
July 31, 2018
phosphorus credits (0.05 x 424.90 lbs -P = 21.25 lbs -P) are now available for sale. Please update
your credit ledgers accordingly.
Please note that only the delivered nutrient offset credits can be sold from this bank and must
be used for authorized impacts in the Upper New Hope Sub -watershed. Additionally, the
riparian buffer credits must be used for authorized impacts in the Upper New Hope Sub -
watershed according to guidelines in the Consolidated Buffer Mitigation Rule, 15A NCAC
02B .0295, which became effective on November 1, 2015. Buffer Preservation credits cannot be
converted into nutrient offset credits.
Please feel free to call Katie Merritt at [phone] if you have any questions regarding this
correspondence.
cc: File Copy (Katie Merritt)
Sincerely,
Karen Higgins, Supervisor
401 and Buffer Permitting Branch
Page 2 12

ROY COOPER
NORTH CAROLINA
Governor
Environmental Quality
MICHAEL S. REGAN
Secretary
LINDA CULPEPPER
interim Director
July 31, 2018
DWQ Project #: 2015-0636
Orange County
Mike Hermann
Watershed Investments NC, LLC
1630 Weatherford Circle
Raleigh, NC 27604
Re: Neville Farms Mitigation Bank Instrument (MBI)
Neville Farms Phase I Bank Parcel Credit Release — Task 7
Dear Mr. Hermann:
On July 30, 2018, the Division of Water Resources (DWR) received confirmation from Watershed
Investments NC, LLC (WINC) that the conservation easement for the Neville Farms Phase 1
Mitigation Bank has been successfully assigned to Unique Places to Save. Unique Places to Save is
a 501(c)(3) non-profit corporation and has been approved by DWR as a long-term steward for this
mitigation bank.
According to the MBI signed on January 7, 2016, the following Project Milestones for Phase I have
been met, and the corresponding credits shall be released:
Task/Milestones
Credit
7) Item (B) (1) of Section IX in the Instrument (assignment of Conservation 5%
Easement) has been completed and approved by DWR
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract. Therefore, 5% of your Jordan Lake riparian buffer Preservation credits
(0.05 x 1,742.4 ft2 = 87.12 fe) are now available for sale. Additionally, 5% of your generated
nitrogen nutrient offset credits (0.05 x 8,113.03 lb -N = 405.65 lb -N) are now available for sale.
Finally, 5% of your generated phosphorus credits (0.05 x 537.85 lb -P = 26.89 lb -P) are now
available for sale. Generated credits are credits that have not been applied to the appropriate delivery
factor.
The delivery factors applied to this bank due to its location in the 14 -digit HUC 03030002060070 are
89% for nitrogen and 79% for phosphorous. Therefore, the total amounts of nutrient offset credits
for this site after application of delivery factors are 7,220.591b -N delivered and 424.901b -P
delivered. By copy of this correspondence, 5% of your delivered nitrogen offset credits (0.05 x
7,220.59 lb -N = 361.031b -N) are now available for sale. Additionally, 5% of your delivered
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North Carolina Department of Environmental Quality I Division of Water Resources
512 North Salisbury Street 1 1611 Mail Service Center I Raleigh, North Carolina 27699-1611
919.707.9000