20191250 Ver 1_RES CF02 - SOA Dairyland - Elliott Road Extension_135.2_20190919

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Environmental Banc & Exchange, LLC Stream and Wetland Banks
Statement of Availability September 19, 2019
U.S. Army Corps of Engineers
Samantha Dailey
Raleigh Regulatory Field Office
3331 Heritage Trade Center, Suite 105
Wake Forest, NC 27587
Re Project: Elliott Road Extension
This document confirms that the Town of Chapel Hill (Applicant) for the Elliott Road Extension
(Project) has expressed an interest to utilize 135.20 Stream Mitigation Credits from the EBX sponsored
RES Cape Fear 02 Umbrella Mitigation Bank, specifically 135.20 stream credits from the Dairyland Site,
in the Cape Fear HUC 03030002. As the official Bank Sponsor, Environmental Banc & Exchange, 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