20170537 Ver 2_Credit Release Task 1,7_20181029

ROY COOPER
Governor
MICHAEL S. REGAN
Secretary
LINDA CULPEPPER
interim Director
Brad Breslow
EBX Neuse 1, LLC
302 Jefferson Street, Suite 110
Raleigh, NC 27605
NORTH CAROLINA
Environmental Quality
October 29, 2018
DWR Project #: 2017-0537v2
Johnston County
Re: RES Neuse Buffer & Nutrient Offset Umbrella Mitigation Banking Instrument
(UMBI)
Hannah Bridge Bank Parcel Credit Release - Task 1 & 7
Dear Mr. Breslow:
On March 1, 2018, the Division of Water Resources (DWR) approved a Bank Parcel Development
Package (BPDP) for the above -referenced site under the terms and conditions of the RES Neuse
Buffer & Nutrient Offset Umbrella Mitigation Banking Instrument (UMBI)). On October 29, 2018,
the DWR received a recorded conservation easement and corresponding plat for the subject site
from Resource Environmental Solutions, LLC (RES) on behalf of EBX Neuse 1, LLC (EBX). Additionally,
RES provided confirmation that the conservation easement for the subject site has been
successfully assigned to The North Carolina Wildlife Habitat Foundation, Inc (NCWHF). NCWHF is a
501(c)(3) non-profit corporation and has been approved by DWR as a long-term steward for this
mitigation bank.
Lastly, DWR received a performance bond (#9298625) issued to EBX from Fidelity and Deposit
Company of Maryland, in the amount of $150,000, to cover performance obligations for the
construction of the subject site. The term of this bond is from October 23, 2018 through October
23, 2019.
In accordance with the UMBI, signed on January 31, 2018, the following Project Milestones have
been met and the corresponding credits shall be released:
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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

Task/Milestones
Hannah Bridge Bank
EBX
October 29, 2018
Credit
1) Instrument and BPDP Approved by DWR, Conservation Easement recorded, 20%
and Financial Assurance Posted
7) Item B (1) of Section X in the Instrument (assign the easement 5%
to stewardship) has been completed and approved by DWR
TOTAL: 25%
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract and 25% of your Nitrogen nutrient offset credits
(0.25 x 11,012.78 Ib -N = 2,753.20 Ib -N) are now available to sell. Additionally, 25% of your Neuse
buffer Restoration credits (0.25 x 196,238 ft2 = 49,059.50 ft) and 25% of your Neuse buffer
Preservation credits (0.25 x 8,284 ftZ = 2,071 ftZ) are now available to sell. Lastly, 25% of your
Neuse buffer Enhancement credits from cattle exclusion (0.25 x 6,952 ft2= 1,738 ftZ) are now
available to sell.
Please note that nutrient offset credits generated at this site must be used for impacts in HUC
03020201 of the Neuse River Basin excluding the Falls Lake Watershed pursuant to 15A NCAC
026.0240. Additionally, the riparian buffer credits must be used for impacts in the Neuse River
Basin in accordance with guidelines in the Consolidated Buffer Mitigation Rule, 15A NCAC
02B .0295, which became effective on November 1, 2015.
Please use the Credit Ledger Templates provided on our website at:
http://Porta1.ncdenr.org/web/wq/nutrientbuffertemplates to track and report credit availability for
the Hannah Bridge Mitigation Bank. Upon receiving this correspondence, please submit three credit
ledgers to DWR reflecting the available credits released for each mitigation type. Neuse buffer
Preservation and Enhancement credits should be depicted on the same credit ledger.
Please feel free to call Katie Merritt at [phone] if you have any questions regarding this
correspondence.
Sincerely,
Karen Hi gins, Supervisor
401 & Buffer Permitting Branch
KAH/km
cc:File Copy (Katie Merritt)
Caitlan Parker (EBX) — via electronic mail
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