20191250 Ver 1_RS_SOA_Elliott Road Extension_26.8_20190919

Statement of Mitigation Credit Availability
Benton Branch Mitigation Bank
September 18, 2019
Ms. Samantha Dailey
Army Corps of Engineers
Re: Availability of Compensatory Stream Credits
Project: Elliott Road Extension
This document confirms that 26.8 Stream Credits (Credits) from the Benton Branch Mitigation
Bank (Bank) are currently available and all or a portion may be used, once transferred, for
compensatory mitigation relative to the Elliott Road Extension project, and as proposed by Town
of Chapel Hill (Applicant).
The Applicant may ultimately purchase the Credits, if they are available, following Permit issuance.
Should the Applicant purchase the Credits at that time, we will complete and execute the Mitigation
Credit Transfer Certificate (Certificate) within five (5) days of receipt of the full purchase price.
We will additionally provide copies of the completed and executed Certificate to the Applicant, the
Division of Water Resources (DWR) and, if needed, other regulatory agencies. In addition, we will
provide DWR with an updated copy of the Bank's Ledger, reflecting the transaction. Transaction
information in the updated Bank Ledger will include relevant Permit and Applicant information as
well as the number and resource type of the debited Credits.
Should your office have any questions, please contact me at 919.334.9123.
Sincerely,
Tiffani Bylow
Restoration Systems, LLC
1101 Haynes St., Suite 211 • Raleigh, NC 27604 • www.restorationsystems.com • Ph 919.755.9490 • Fx 919.755.9492