HomeMy WebLinkAboutWPO201600063 Agreement - Nutrient Credits 2018-12-18BILL OF SALE
Nonpoint Nutrient Offset Credits
BILL OF SALE, made as of �prch 9 , 2017, by HOTEL STREET CAPITAL,
L.L.C., a Virginia limited liability company ("Seller"), to United Land Corporation, a Virginia
corporation ("Purchaser").
WHEREAS, Seller and Purchaser have entered into that certain Agreement for Purchase
and Sale of Nutrients Mitigation Credits, dated as of January 31, 2017, (the "Purchase Agreement",
the terms of which are incorporated herein by reference and made part hereof), with respect to the
sale by Seller and purchase by Purchaser of Compensatory Nutrients Mitigation Credits held in
Seller's Nonpoint Offset Bank in Buckingham County, Virginia.
NOW THEREFORE, for and in consideration of the payment of the Purchase Price (as
defined in the Purchase Agreement) and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Seller hereby sells, transfers, assigns, conveys,
delivers and sets over to Purchaser, its successors and assigns, 3.69 Nutrient Credits ("Credits") as
such are described in the Purchase Agreement
TO HAVE AND TO HOLD all such Nutrient Credits hereby sold and transferred to
Purchaser and its successors and assigns forever.
IN WITNESS WHEREOF, Seller has caused this Bill of Sale to be executed by its duly
authorized representative as of the date first above written.
HOTEL STRE_ E XPITAL, L.L.C.
A V irginia�ted liability company
Its:
Permit#:
Permit": UNITED LAND CORPORATION
Phosphorous Offsets: 3.69 pounds
AFFIDAVIT OF PHOSPHOROUS OFFSET SALE
HOTEL STREET CAPITAL, L.L.C., a Virginia limited liability company ('Seller"), hereby
certifies the following:
1. Pursuant to that certain Agreement for Purchase and Sale of Nutrients Mitigation
Credits, dated January 31, 2017 (the 'Purchase Agreement', the Terms of which
are incorporated herein by reference and made a part hereof) between Seller and
UNITED LAND CORPORATION, ("Purchaser"), for the benefit of the
Purchaser, Seller agreed to sell 3.69 pounds of nonpoint source phosphorus offsets
(the Nutrient Credits) to Purchaser and retire the associated ratio of nonpoint source
nitrogen offsets at the offset generating facility in the amount of 8.03 pounds of
nitrogen offsets
2. Seller and Purchaser, as of the date hereof, have closed the transaction
contemplated by the Agreement and the Seller has sold to Purchaser the
phosphorous offsets.
WITNESS the following signature:
By:
Date: 3 Li /-7 By:
STATE OF V IRGINIA
CITY/COUNTY OF FAUQUIER:
HOTELS ET CAPITAL, L.L.C.
a Vir ' a 1'� ted liability company
GR SOhiLOVE & COMPANY, LLC, Manager
Sworn and subscribed before me this 3 ro( day of NWCi1 , 2017, by Thomas James
Ross 11, Manager, on behalf of HOTEL STREET CAPITAL, L.L.C., a Virginia limited liability
KELLY LYNN ESTEPPE
'.., NOTARY PUBLIC
y f REG.aTHOF'
`I' COMMONWEALTH OF VIRGINIA
P' MY C N EXPIRES Notary Publ e
M2Ammi .
Project name: Northtown base HB: Tax Id No. 04500- 0-11000- VVPO-2016-00063
Bank Sponsor: Hotel Street Capital, LLC - HUC No. 02080203
Permitee: United Land Corporation
Phosphorous Offsets: 3.69 pounds Associated Nitrogen Offsets: 8.03 pounds