opr, Lather font, Kauely b Rukar Miche Easley, Governor Wiliam 9, Ross J, Seeeary ‘North Caztine Deparment of Environment ana Natural Revarcet OWISig, ALN (Coken H.Sulins, Director Division of Water Quality ‘November 14, 2008 Mr. Thomas Rinker EBX Neuse I, LLC c/o Environmental Bane & Exchange 10055 Red Run Boulevard, Suite 130 Owings Mills, MD 21117-5822 Re: EBX Neuse Riparian Buffer Umbrella Mitigation Bank Sites, Westbrook and Nahunta Sites Johnston and Wayne Counties DWQ #08-1473 v2 and v3 Dear. Mr. Rinker: We have received the following documents related to the above-referenced bank parcels: Umbrella Mitigation Bank Prospectus dated September 2008, including th the Addendum to the Umbrella ‘Version 2.0 dated October 2008. According to the Umbrella Mitigation Banking Instrument (UMBD, the following Project Milestones have been met, and the corresponding credits shall be released: Nahunta — Wayne County (DWQ #08-1473 y2) 1) __ Execution of the MBI, approval of the restoration and monitoring Plans (site already constructed), delivery of financial assurances (waived ~ project already constructed), and recordation of conservation easement 20% 2) Mitigation Site Earthwork, Planting, and Installation of Monitoring Plots, 20% 3) Approval of As-Built Report 10% 4-6) _ Submittal of monitoring reports (site has been in monitoring for three Years ~3 x 10%) TOTAL CREDIT 80% faconn tly 401 Oesiphsqret Review Pein Ut Ito ut Serine Comer Raley Nr Cun 27695-1650 2321 Crabree Boulevard, Suite 250 Raleigh, Noch Crain 27608 Phone (919) 733-1786 Fax (919) 733-6803 Inemet hho one an ‘An ua Oppotunyafimatie Aon Engle 50% Reel Pot Conser PaperMr. Rinker EBX Neuse Riparian Buffer Umbrella Mitigation Bank Sites Page 3 of 3 Please feel free to contact Eric Kulz at (919) 733-1786 if you have any questions regarding this correspondence. Ore S kay Cyndi B. Karoly, Program Manager 401 Oversight and Express Review Program cc File Copy (Eric Kulz) DWQ 401/Wetlands - Amy Chapman John Huisman — DWQ Nonpoint Source Planning Unit Matt Matthews ~ DWQ Wetlands and Stormwater Branch Norton Webster ~ EBX, 909 Capability Drive, Suite 3100, Raleigh, NC 27606 Todd St. John ~ Kimley-Horn and Associates, Inc., PO box 33068, Raleigh, NC 27636-3068 NFfixcuaina Neburally 401 onnughxpas Review Ping Unt Tea il Se Ces Rai Not Cia 7691450 21 Ces ous Sar 80 Rah Neh Cola 6 Phone ms en Go) ihe! zhane cata, ‘An qu Ojpemuyattve Acton Employer ~£0% Recye!1% Poa Consumer Paper