20190684 Ver 1_Neu-Con SOA - Howell Woods - Stobhill Lane Extension_20190528

fires
EBX-Neuse I, LLC Stream and Wetland Banks
Statement of Availability May 24, 2019
U.S. Army Corps of Engineers
James Lastinger
Raleigh Regulatory Field Office
3331 Heritage Trade Center, Suite 105
Wake Forest, NC 27587
Re Project: Stobhill Lane Extension
This document confirms that Town of Fuguay-Varina, NC (Applicant) for the Stobhill Lane Extension
(Project) has expressed an interest to utilize 0.30 Riparian Wetland Mitigation Credits from the EBX-
Neuse sponsored Neu -Con Wetland & Stream Umbrella Mitigation Bank, specifically from the Howell
Woods Site in the Neuse HUC 03020201. As the official Bank Sponsor, EBX-Neuse I, LLC, 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.
If any questions need to be answered, please contact me at 919-209-1075.
Best Regards,
Caitlan B. Parker
Resource Environmental Solutions, LLC
302 Jefferson Street, Suite 110
Raleigh, NC 27605