20160981 Ver 2_Credit Release Task 1 & 7_6-2019_20190625

ROY COOPER
Governor
MICHAEL S. REGAN
Secretary
LINDA CULPEPPER
Director
NORTH CAROLINA
Environmental Quality
June 25, 2019
DWR Project #: 2016-0981v2
Johnston County
Brad Breslow
EBX Neuse 1, LLC
302 Jefferson Street, Suite 110
Raleigh, NC 27605
Re: RES Poplar Creek Buffer & Nutrient Offset Umbrella Mitigation Banking Instrument
(UMBI)
Uzzle Bank Parcel Credit Release — Task I & 7
Dear Mr. Breslow:
On February 1, 2019, the Division of Water Resources (DWR) approved a Bank Parcel Development
Package (BPDP) for the above -referenced site under the terms and conditions of the RES Poplar
Creek Buffer & Nutrient Offset Umbrella Mitigation Banking Instrument (UMBI)). On April 29,
2019, the DWR received a recorded conservation easement and corresponding plat for the subject
site from Resource Environmental Solutions, LLC (RES) on behalf of EBX Neuse 1, LLC (EBX).
Additionally, RES provided confirmation that the conservation easement for the subject site has been
successfully assigned to The North Carolina Wildlife Habitat Foundation, Inc (NCWHF). NCWHF
is a 501(c)(3) non-profit corporation and has been approved by DWR as a long-term steward for this
mitigation bank.
Lastly, DWR received a performance bond (#82522075) issued to EBX from Federal Insurance
Company, in the amount of $150,000, to cover performance obligations for the construction of the
subject site. The term of this bond is from April 30, 2019 through April 30, 2020.
In accordance with the UMBI, signed on January 16, 2019, the following Project Milestones have
been met and the corresponding credits shall be released:
Task/Milestones
Credit
1) Instrument and BPDP Approved by DWR, Conservation Easement recorded, 20%
and Financial Assurance Posted
7) Item B (1) of Section X in the Instrument (assign the easement 5%
to stewardship) has been completed and approved by DWR
TOTAL: 25%
By copy of this correspondence, DWR confirms that you have satisfied the above requirements for
the above -referenced tract and 25% of your Neuse buffer Enhancement credits from cattle exclusion
(0.25 x 274,395 ft2 = 68,598.75 ft2) are now available to sell.
North Carolina Department of Environmental Quality I Division of Water Resources
512 North Salisbury Street 1 1617 Mail Service Center I Raleigh, North Carolina 27699-1617

Uzzle Site
EBX
June 25, 2019
Please note that the riparian buffer credits must be used for impacts in the Neuse River Basin
in accordance with guidelines in the Consolidated Buffer Mitigation Rule, 15A NCAC 02B
.0295, which became effective on November 1, 2015.
Please use the Credit Ledger Templates provided on our website at:
http://portal.ncdenr.or web/wq/nutrientbuffertemplates to track and report credit availability for the
Hannah Bridge Mitigation Bank. Upon receiving this correspondence, please submit one credit
ledger to DVWR reflecting the available credits released for each mitigation type.
Please feel free to call [phone] if you have any questions regarding this correspondence.
Sincerely,
Katie Merritt
401 & Buffer Permitting Branch
cc:File Copy (DWR)
Caitlan Parker (EBX) — via electronic mail
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