HomeMy WebLinkAboutWPO201800026 Agreement - Nutrient Credits 2019-11-07BILL OF SALE
Nonpoint Nutrient Offset Credits
BILL OF SALE, made as of 1 , 2019, by HOTEL STREET CAPITAL,
L.L.C., a Virginia limited liability company ("Seller"), to CROSS DEVELOPMENT CC
CHARLOTTESVILLE, 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 November 30, 2018 (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 Fluvanna County, Virginia in HUC 02080204.
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,1.38 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.
HOTEL STREET CAPITAL, L.L.C.
A Virginia limiteA Ii ility company
James Ross II
Project Name: VSMP Plan for Caliber Collision
Tax Map and Parcel: 0770-00-00-011 FO
Bank Sponsor: HUC Code 02080204
Permittee: CROSS DEVELOPMENT CC CHARLOTTESVILLE, LLC
Phosphorous Offsets: 1.38 pounds
Associated Nitrogen Offsets: 6.316 pounds
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AFFIDAVIT OF PHOSPHOUROUS 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 November 30, 2018 (the "Purchase Agreement", the Terms of which
are incorporated herein by reference and made a part hereof) between Seller and
CROSS DEVELOPMENT CC CHARLOTTESVILLE, LLC, a Virginia
limited liability company ("Purchaser"), for the benefit of the Purchaser, Seller
agreed to sell 1.38 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 6.316 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 ST APITAL, L.L.C.
a Virgin i ed liability company
By: GSM
I LC, Manager
tle: MaAagkr - Date:
STATE OF VIRGINIA
CITY/COUNTY OF FAUQUIER:
Sworn and subscribed before me this 'V* day of 2019, by Thomas James
Ross II, Manager, on behalf of HOTEL STREET CAPITAL L.L.C., a Virginia limited liability
company.
Notary
My Commission expires: 1b()1L23
Project Name:VSMP Plan for Caliber Collision
Tax Map and Parcel: 0770-00-00-011 FO
Permit#: WP0201800026
Permitee: CROSS DEVELOPMENT CC CHARLOTTESVILLE, LLC
Phosphorous Offsets: 1.38 pounds
Associated Nitrogen Offsets: 6.316 pounds
Bank Sponsor HUC Code: 02080204
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