HomeMy WebLinkAboutWPO201500033 Agreement - Nutrient Credits 2017-05-24BILL OF SALE
Nonpoint Nutrient Offset Credits
BILL OF SALE, made as of H" 1,4 . 2017, by HOTEL STREET CAPITAL,
L.L.C., a Virginia limited liability company ("Seller"), to HILLTOP PARTNERS, LLC, a
Virginia limited liability company ("Purchaser").
WHEREAS, Seller and Purchaser have entered into that certain Agreement for Purchase
and Sale of Nutrients Mitigation Credits, dated as of 2017 (the "Purchase
Agreement", the terms of which are incorporated herein by ref& ence 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,1.02 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 it's duly
authorized representative as of the date first above written.
HOTELS T CAPITAL, L.L.C.
A Virginiprimp ed liabZlity company
Name: Tl mas James Ross II
Its: Mana er
Project Name: Hillbrook WPO-2015-00033 and WPO-2017-00029
TMP: 06100-00-01-126 G 0
Bank Sponsor: HUC Code 02080203
Permitee: Hilltop Partners, LLC
Phosphorous Offsets: 1.02 pounds
Associated Nitrogen Offsets: 3.28 pounds
AFFIDAVIT OF PHOSPHOROUS OFFSET SALE
HOTEL STREET CAPITAL, L.L.C., a Virginia limited liability company ("Seller"), hereby
certifies the following:
Pursuant to that certain Agreement for Purchase and Sale of Nutrients Mitigation
Credits, dated ._PlbA ZA_, 2017 (the "Purchase Agreement", the Terms of
which are incorporated herein by reference and made a part hereof) between Seller
and HILLTOP PARTNERS, LLC, a Virginia limited liability company
("Purchaser"), for the benefit of the Purchaser, Seller agreed to sell 1.02 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 3.28 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:
HOTEL STREET
a Virginia limit
By: GRAYSO OVA
By: /
Title: Manag r
Date: S—z q—l7
STATE OF VIRGINIA
CITY/COUNTY OF FAUQUIER:
!�,PITAL, L.L.C.
ability company
& COMPANY, LLC, Manager
Sworn and subscribed before me this 244-' day of 2017, by Thomas James
Ross II, Manager, on behalf of HOTEL STREET CAPITAL, L.L.C., a Virginia limited liability
company.
No u li
My Commission expires:
Project Name: Hillbrook WPO-2015-00033 and WPO-2017-00029
TMP: 06100-00-01-126GO KELLY LYNN ESTEPPE
Bank Sponsor: HUC Code 02080203 NOTARY PUBLIC
Permit#: VAR 1OH633 REG. #7511805
COMMONWEALTH OF VIRGINIA
Permitee: Hilltop Partners, LLC MY CO M $SION EXPIRES
Phospborous Offsets: 1.02 pounds u
Associated Nitrogen Offsets: 3.28 pounds
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