20150636 Ver 1_Credit Release (Ph I & II) task 5 partial_20181119

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
November 19, 2018
DWQ Project #: 2015-0636
Orange County
Re: Neville Farms Mitigation Bank Instrument (MBI)
Neville Farms Phase II Bank Parcel Credit Release — Task 5 (partial)
Dear Mr. Hermann:
On October 19, 2018, the Division of Water Resources (DWR) received a Year 2 Monitoring Report
from Watershed Investments NC, LLC (WINC) for Phase I and Phase II of the Neville Farms
Mitigation Site. Vegetative plot data confirms that success criteria throughout both Phase 1 and
Phase II is greater than the required 260 stems/acre. On November 15, 2018, in response to
information requested by Ms. Merritt as part of her review of the report, WINC submitted height data
for all vegetative plots and confirmed that no encroachment within the easement boundaries had
occurred.
On January 11, 2018, DWR received a continuation certificate for performance bond
(#CE00155800021) issued to WINC to cover monitoring and maintenance at the subject site. The
term of this bond applies through February 21, 2019. Therefore, WINC is required to renew the
bond to cover the monitoring and maintenance requirements for Fall 2019. When DWR has received
confirmation of renewal of the subject bond for another year, the remainder 5% of this credit release
will be issued.
According to the MBI signed on January 7, 2016, the following Project Milestones for Phase II have
been partially met, and the corresponding credits shall be released:
Task/Milestones
5) Monitoring Report #2: Approved by the DWR (partial)
Credit
5%
By copy of this correspondence, DWR confirms that you have partially 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 to sell. Additionally, 5% of
your Jordan Lake riparian buffer Restoration credits (0.05 x 55,321.20 ft' = 2,766.06 ft2) are now
available to sell.
NORTH CAROLINA +Q/'(
OepvbnmM1 Of 6MfquAlrtN QWdLt
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

Neville Farms Phase II
Watershed Investments NC
November 15, 2018
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.
Please feel free to call Katie Merritt at [phone] if you have any questions regarding this
correspondence.
Sincerely, --
VA�-w
Karen Higgins, Supervisor
401 and Buffer Permitting
KAH/kym
cc: File Copy (Katie Merritt)
Page 212

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
November 19, 2018
DWQ Project #: 2015-0636
Orange County
Re: Neville Farms Mitigation Bank Instrument (MBI)
Neville Farms Phase I Bank Parcel Credit Release — Task 5 (partial)
Dear Mr. Hermann:
On October 19, 2018, the Division of Water Resources (DWR) received a Year 2 Monitoring Report
from Watershed Investments NC, LLC (WINC) for Phase I and Phase II of the Neville Farms
Mitigation Site. Vegetative plot data confirms that success criteria throughout both Phase 1 and
Phase II is greater than the required 260 stems/acre. On November 15, 2018, in response to
information requested by Ms. Merritt as part of her review of the report, WINC submitted height data
for all vegetative plots and confirmed that no encroachment within the easement boundaries had
occurred.
On January 11, 2018, DWR received a continuation certificate for performance bond
(#CE00155800021) issued to WINC to cover monitoring and maintenance at the subject site. The
term of this bond applies through February 21, 2019. Therefore, WINC is required to renew the
bond to cover the monitoring and maintenance requirements for Fall 2019. When DWR has received
confirmation of renewal of the subject bond for another year, the remainder 5% of this credit release
will be issued.
According to the MBI signed on January 7, 2016, the following Project Milestones for Phase I have
been partially met, and the corresponding credits shall be released:
Task/Milestones
5) Monitoring Report #2: Approved by the DWR (partial)
Credit
5%
By copy of this correspondence, DWR confirms that you have partially 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 ft) 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
D_EQ�NORTH CAROLJNA
Dep.Mbnt al Em4g9ntl11al Q01LLr
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

Neville Farms Phase I
Watershed Investments NC
November 15, 2018
available to sell. Finally, 5% of your generated phosphorus credits (0.05 x 537.85 lb -P = 26.891b -
P) are now available to sell. 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 424.90 lb -P
delivered. By copy of this correspondence, 5% of your delivered nitrogen offset credits (0.05 x
7,220.59 lb -N = 361.03 lb -N) are now available to sell. Additionally, 5% of your delivered
phosphorus credits (0.05 x 424.90 lbs -P = 21.25 lbs -P) are now available to sell. 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.
KAH/kym
cc: File Copy (Katie Merritt)
Sincerely,
Karen Higgins, Supervisor
401 and Buffer Permitting Branch
Page 212