HomeMy WebLinkAboutWPO201900070 Agreement - Nutrient Credits 2020-04-27Exhibit A
CBAY-VA LLC — SEVEN ISLANDS NUTRIENT BANK
AFFIDAVIT OF PHOSPHORUS CREDIT SALE
CBAY-VA LLC, a Virginia limited liability company (the "Company"), hereby
certifies the following:
1. Pursuant to that certain Purchase and Sale Agreement dated April 27, 2020 (the
"Agreement'), between the Company (as Seller) and Dogwood Lane Properties, L.L.C.
("Purchaser"), the Company, for the benefit of the Purchaser, agreed to sell 1.29 pounds of
nonpoint source phosphorus Credits to Purchaser and retire the associated ratio of nonpoint
source nitrogen Credits at the credit generating facility in the amount of 5.79 pounds of nitrogen
Credits;
2. The Company and the Purchaser, as of the date hereof, have closed the transaction
contemplated by the Agreement and the Company has sold to Purchaser the phosphorus Credits.
WITNESS the following signature:
CBAY-VA LLC,
a Virginia limited liability company
Authorized Signatory
-�
Date: ✓ / "�v
Sworn to and subscribed before me this J ` day of /YG 2020, by
�J C.•-• , Authorized Signatory, on behal of CBAY- VA LLC,
a Virginia limited liability company.
State of North Carolina
Notary registration number: County of: Wake
My commission expires:09/04/2023
AMY STALEY
NOTARY PUBLIC
Johnston County /
North Carolina Notary Public
My Commission Expires Sept. 4, 2023
WPO#: WPO.2019-00070
Project Name: Oakeneroft Farm Residence
Number of Phospborus Credits: 1.29 Ib. ✓
Number of Nitrogen Credits: 5.79 Ib.
TMPs: 05900.00.00-032Ao
Project HUC: 02080204 " v
Bank Sponsor HUC: 02080203
CB,kY-VA LLC
Seven Islands Purchase and Sale Agreement 9 W20/2020
Exhibit B
CBAY-VA LLC — SEVEN ISLANDS NUTRIENT BANK
BILL OF SALE
BILL OF SALE, made as of May 5, 2020, by CBAY-VA LLC, a Virginia limited
liability company ("Seller"), to Dogwood Lane Properties, L.L.C. ("Purchaser").
WHEREAS, Seller and Purchaser have entered into that certain Purchase and Sale
Agreement as of April 27, 2020 (the "Agreement"), with respect to the sale by the Seller and
purchase by the Purchaser of nonpoint source phosphorus Credits generated within the Seven
Islands Nutrient Bank Property in Buckingham County, Virginia.
NOW, THERE -FORE, for and in consideration ofthe payment of the Purchase Price (as
defined in the 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, 1.29 pounds of phosphorus
Credits and retires 5.79 pounds of nitrogen Credits associated with the phosphorous Credits
generated at the Property, as such terms are described in the Agreement.
TO HAVE AND TO HOLD all such phosphorus 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.
CBAY-VA LLC,
a Virginia Limited Liability Company
Authorized Signatory
WPO#: WPO-2019-00070
Project Name: OakeneroR Farm Residence
Number ofPhosphorus Credits: 1.291b.
Number of Nitrogen Credits: 5.791b.
IMPS: 05900-00.00-032AO =
Project HUC: 02080204
nxnk Sponsor HUC: 02080203
CBAY-VA LLC
Seven Islande Purchase and Eale Agra--, 10 V2012020
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