20141149 Ver 8_Credit Release 3, 4_Rocky Top_20190123

ROY COOPER
Governor
MICHAEL S. REGAN
Secretary
LINDA CULPEPPER
Director
George Howard
Restoration Systems, LLC
1101 Haynes Street, Suite 211
Raleigh, NC 27604
NORTH CAROLINA
Environmental Quality
January 23, 2019
DWR Project #: 2014-1149v8
Alamance County
Re: RS Haw River Subwatershed — Phase 1 Neuse Buffer & Nutrient Offset Umbrella
Mitigation Banking Instrument (UMBI)
Rocky Top Bank Parcel Credit Release — Tasks 3 & 4
Dear Mr. Howard:
On June 4, 2018, the Division of Water Resources (DWR) received an As -Built Report from
Restoration Systems, LLC (RS) for the subject site. After DWR received the corresponding As -Built
Survey from RS on August 30, 2018, DWR approved the report. On December 14, 2018, DWR
received a Year 1 Monitoring Report.
On January 22, 2019, DWR received a performance bond (#22BSBHY3327) in the amount of
$100,000 issued to RS from Hartford Fire Insurance Company, to cover monitoring and maintenance
at the subject site. The term of this bond applies from January 15, 2019 through January 15, 2020 or
until the approval of the Year 2 Monitoring Report by DWR. Future credit releases will be
dependent on both the renewal of this performance bond and the annual monitoring reports.
In accordance with the UMBI and BPDP, signed on October 25, 2017 and approved on January 22,
2018 respectively, the following Project Milestones have been met and the corresponding credits
shall be released:
Task/Milestones Credit
3) Monitoring Financial Assurance Posted & Approval of As -Built Report 10%
4) Monitoring Report #1: Approved by the DWR 10%
TOTAL: 20%
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract. Therefore, 20% of your Jordan Lake riparian buffer Restoration credits
(0.20 x 102,471.10 ft' = 20,494.22 ft) and 20% of your Jordan Lake riparian buffer Enhancement
credits (0.20 x 20,431.48 ft2 = 4,086.30 ft) are now released.
North Carolina Department of Environmental Quality I Division of Water Resources
512 North Salisbury Street 11617 Mail Service Center I Raleigh, North Carolina 276991617
+�� /� 919.707.9000

Rocky Top Site
January 23, 2019
Page 2 of 2
Additionally, 20% of your generated nitrogen offset credits (0.20 x 2,451.80 = 490.361b -N) and
20% of your generated phosphorus credits (0.20 x 156.75 = 31.35 lb -P) are now released.
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 03030002050050 are
71 % for nitrogen and 67% for phosphorous. Therefore, the total amounts of delivered nutrient offset
credits for this site are 1,740.78 lb -N and 105.02 lb -P. By copy of this correspondence, 20% of your
delivered nitrogen offset credits (0.20 x 1,740.78 lb -N = 348.16 lb -N) and 20% of your delivered
phosphorus credits (0.20 x 105.02 = 21.00 lb -P) are now available for sale.
Please note that only the delivered nutrient offset credits can be sold from this bank and used
for impacts in the Haw River Arm of Jordan Lake within the Cape Fear River Basin.
Additionally, riparian buffer credits can only be used to offset impacts located in the Haw
River Sub Watershed of Jordan Lake according to 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
cc:File Copy (Katie Merritt)