20190096 Ver 1_Buffer SOA - Colby Crossing_20190121

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EBX Buffer Mitigation Banks
Statement of Availability January 9, 2019
NC Division of Water Resources
Stephanie Goss
512 N. Salisbury St.
Archdale Building, 9th floor
Raleigh, NC 27604
Re Project: Colby Crossing
This document confirms that MFW Investments, LLC (Applicant) for the Colby Crossing (Project) has
expressed an interest to utilize 2,386.50 Sguare Feet of Riparian Buffer Mitigation Credits from one
of the following banks, EBX-Neuse I, LLC Neuse Riparian Buffer Umbrella Mitigation Bank, RES
Neuse Buffer and Nutrient Offset Umbrella Mitigation Bank, or EBX Upper Neuse Riparian Buffer
Umbrella Mitigation Bank. Specific bank sites that may be debited are Arrington Bridge 1, Arrington
Bridge II, Buffalo Branch, Selma Mill, Cedar Grove, Hatley, Ezell, Polecat, Hannah Bridge, Meadow
Spring, and Stone Creek, all located in HUC 03020201. As the official Bank Sponsor, EBX-Neuse I, LLC
and EBX, attests to the fact that mitigation is available for reservation at this time.
These mitigation credits are not considered secured, and consequently are eligible to be used for alternate
purposes by the Bank Sponsor, until payment in full is received from the Applicant resulting in the
issuance of a Mitigation Credit Transfer Certificate by the bank acknowledging that the Applicant has
fully secured credits from the bank and the Banker has accepted full responsibility for the mitigation
obligation requiring the credits/units.
The Banker will issue the Mitigation Credit Transfer Certificate within three (3) days of receipt of the
purchase price. Banker shall provide to Applicant a copy of the Mitigation Credit Transfer Certificate and
a documented copy of the debit of credits from the Bank Official Credit Ledger(s), indicating the permit
number and the resource type secured by the applicant. A copy of the Mitigation Credit Transfer
Certificate, with an updated Official Credit Ledger will also be sent to regulatory agencies showing the
proper documentation.
Please contact me at 919-209-1075 or cparkergres.us if you have any questions or need additional
information.
Best Regards,
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Caitlan B. Parker
Resource Environmental Solutions, LLC
302 Jefferson Street, Suite 110
Raleigh, NC 27605
Bank Sponsor — EBX-Neuse I, LLC and Environmental Banc & Exchange (EBX)