20160130 Ver 1_Credit Release Task 5 final_20181029

ROY COOPER
Governor
MICHAEL S. REGAN
Secretary
LINDA CULPEPPER
Interim Director
John Hutton
Wildlands Holdings V, LLC
312 West Millbrook Rd, Suite 225
Raleigh, NC 27609
NORTH CAROLINA
Environmental Quality
October 29, 2018
Re: North Fork Little River Mitigation Banking Instrument (MBI)
North Fork Little River Nutrient Offset & Buffer Bank
Credit Release— Task 5 final
Dear Mr. Hutton:
DWR Project #: 2016-0130
Durham County
On October 9, 2018, the Division of Water Resources (DWR) issued a 5% credit release for partial
completion of Task 5. The release was issued for approval of the Year 1 Monitoring Report
submitted by Wildlands Engineering, Inc. on behalf of Wildlands Holdings V, LLC (WHV) for the
North Fork Mitigation Bank. 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 October 19, 2018 and October 26, 2018, DWR received a bond rider and a continuation
certificate respectively, from WHV in the amount of $60,000 from Travelers Casualty and Surety
Company of America, extending the expiration date of the current performance bond
(#106608502). The term of this bond now applies through November 30, 2019. Therefore, WHV is
required to renew the performance bond prior to November 30, 2019 and is required to renew the
bond annually for at least 3 more years. Future credit releases will be dependent on both the
renewal of this performance bond and the approval of the annual monitoring reports
In accordance with the MBI, signed on October 24, 2016, the following Project Milestones have
been fully met, and the corresponding credits shall be released:
Task/Milestones
Credit
5) Monitoring Report #1: Approved by the DWR (final) 5/
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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

North Fork Little River
Wildlands
October 29, 2018
By copy of this correspondence, DWR confirms that you have fully satisfied the above requirements
for the above -referenced tract and 5% of your Neuse riparian buffer credits (0.05 x 605,484 ft' =
30,274.2 ft2) are now available for sale. Additionally, 5% of your Nitrogen nutrient offset credits
(0.05 x 41,619 Ib -N = 2,080.95 Ib -N) and 5% of your Phosphorous nutrient offset credits (0.05 x
2,680.58 Ib -P = 134.03 Ib -P) 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 Upper and Lower Falls Watersheds as defined in 15A NCAC 02B.0276 within the
Neuse River Basin. Additionally, the riparian buffer credits must be used for impacts in the Neuse
River Basin according to guidelines in the Consolidated Buffer Mitigation Rule, 15A NCAC 02B
.0295, which became effective on November 1, 2015.
Please feel free to call Katie Merritt at [phone] if you have any questions regarding this
correspondence.
Sincerely,
Karen Higgins, Supervisor
401 & Buffer Permitting Branch
KAHAm
cc:File Copy (Katie Merritt)
Robert Bugg — Wildlands Holdings II, LLC (via electronic mail; [e-mail] )
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