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and cumulative adverse environmental effects would be minimal and <br /> the property owner had, after October 5, 1984 , but prior to <br /> February 11, 1997, committed substantial resources in reliance on <br /> NWP 26 with regard to a subdivision, in circumstances where it <br /> would be inequitable to frustrate the property owner' s <br /> investment-backed expectations, or (2) that the individual and <br /> cumulative adverse environmental effects would be minimal, high <br /> quality wetlands would not be adversely affected, and there would <br /> be an overall benefit to the aquatic environment . Once the <br /> exemption is established for a subdivision, subsequent lot <br /> development by individual property owners may proceed using NWP <br /> 26 . For purposes of NWP 26, the term `real estate subdivision' <br /> shall be interpreted to include circumstances where a landowner <br /> or developer divides a tract of land into smaller parcels for the <br /> purpose of selling, conveying, transferring, leasing, or <br /> developing said parcels . This would include the entire area of a <br /> residential, commercial or other real estate subdivision, <br /> including all parcels and parts thereof . <br /> Report : For discharges causing the loss of 1/3 acre or less <br /> of waters of the United States the permittee must submit a report <br /> within 30 days of completion of the work, containing the <br /> following information: <br /> (a) Name, address, and telephone number of the permittee; <br /> (b) Location of the work; <br /> (c) Description of the work; and, <br /> (d) Type and acreage (or square feet) of the loss of waters <br /> of the United States (e .g. , 1/10 acre of marsh and 50 square feet <br /> of a stream. ) (Section 404) <br /> Conditions Prescribed by Corps Regulation: <br /> Refer to the attachments for the conditions that are <br /> applicable to all of the nationwide permits . <br />