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HomeMy WebLinkAbout20080511 Ver 3_Credit Release Task 7_20181219ROY COOPER Governor MICHAEL S. REGAN Secretary LINDA CULPEPPER Interim Director Mr. Bobby Ham Greene Environmental Services, LLC 90 Ham Produce Road Snow Hill, NC 28580 NORTH CAROLINA Environmental Quality December 19, 2018 DWQ Project #: 2008-0511v3 Lenoir County Re: Neuse River Riparian Buffer and Nutrient Offset Umbrella Mitigation Banking Instrument (UMBI) La Grange Phase II Bank Credit Release - Task 7 Dear Mr. Ham: On November 15, 2018, the Division of Water Resources (DWR) received a Year 4 Monitoring Report from Greene Environmental Services, LLC (GES), for the subject site. Overall, site conditions appear to look good and vegetation data results show stem densities higher than the required 320 stems/acre throughout the site. Additionally, no concerns with invasive species or encroachment within the easement boundary were noted. On December 3, 2018, DWR received an amendment to Letter of Credit (LOC) #SB94188 issued to GES in the amount of $80,000 to cover monitoring and maintenance at the subject site. This LOC expires on December 22, 2019. Therefore, GES is required to renew the LOC prior to December 22, 2019 and is required to renew the LOC annually for at least 1 more year. Future credit releases will be dependent on both the renewal of this LOC and the annual monitoring reports. The Conservation Easement for this Bank is currently held by GES. According to the UMBI for this Bank, "At the conclusion of Bank activities, the conservation easement may be permanently transferred to an entity approved by DWR to be held in perpetuity" Therefore, prior to the conclusion of the Year 5 monitoring season which will be in the Fall 2019, GES needs to notify DWR of the long-term steward they wish to hold the conservation easement in perpetuity. DWR approval of the long-term steward and the transfer of the easement will be needed prior to issuance of the final credits for this Bank. According to the UMBI signed on October 3, 2008, the following Project Milestones have been met, and the corresponding credits shall be released: D_EQ�� fJORTH CARC9JfaA UeP of FnNrwpmtRJl fWsYlr 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 LaGrange Phase II Mitigation Bank Greene Environmental Services, LLC December 19, 2018 Credit 7) Submit Monitoring Report #4 10% (& Submittal of financial assurance) By copy of this correspondence, DWR confirms that you have satisfied the above requirements for the above -referenced tract and 10% of your Neuse riparian buffer credits (0.1 x 22,620.63 ft2 = 2,262.06 ft2) are now available for sale. Also, 10% of your nitrogen nutrient offset credits (0.1 x 6,750.871b -N = 675.09 lb -N) are now available for sale. Please note that nutrient offset credits generated at this site must be used for impacts in HUC 03020202 of the Neuse River Basin and that Neuse riparian buffer credits must be used for impacts in the Neuse River Basin according to guidelines in 15A NCAC 02B.0295, which became effective on November 1, 2015. Please feel free to call Katie Merritt at (919) 707-3637 if you have any questions regarding this correspondence. Sincerely, Karen Higgins, Supervisor 401 & Buffer Permitting Branch KAH/km cc: File Copy (Katie Merritt) Jeff Becker - Greene Environmental Services, LLC (via electronic mail) Page 212