HomeMy WebLinkAboutWPO201800044 Affidavit 2021-03-05AFFIDAVIT 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 as of March 1, 2021 (the "Purchase Agreement"), the Terms of which are
incorporated herein by reference and made a part hereof) between Seller and 5th Street Forest
LLC, a Virginia limited liability company ("Purchaser") for the benefit of the Purchaser, Seller
agreed to sell 0.21 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 0.96 pounds of nitrogen offsets relating to the Project known
640 Country Green Rd Charlottesville, VA 22903 (Albemarle County) Tax Parcel Number
07600-00-00-046A0.
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,
a Vir ' ' i ted liabi ' c
By: Y O VE &
By:
T1lomas James Ross II' Manai
STATE OF VIRGINIA
COUNTY OF FAUQUIER:
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Member
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Sworn and subscribed before me this day of l Vgk7 , 2021, by Thomas James
Ross II, Managing Member of �rrayson Love &Company, LLC, Manager of HOTEL STREET
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CAPITAL, L.L.C., a Vir�pa�gg ,/Sbility company.
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Owner: 5th St et'F81tst LLC
Project Name: Royal Fern Phase 1 - Amendment for ABC Mass Grading
Project Number: WP020860044
Project Address: 640 Country Green Rd
Charlottesville, VA 22903 (Albemarle County)
HUC: 02080204
Parcel ID: 07600-00-00-046AO
Credits Required 0.21 Ib/yr
BILL OF SALE
Nonpoint Nutrient Offset Credits
BILL OF SALE, made as of 1 2021, by Hotel Street Capital, L.L.C., a
Virginia limited liability company ("Seller") and 5th Street Forest 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 March 1, 2021 (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 (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 0.21 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.
Owner:
Project Name:
Project Number:
Project Address:
HUC:
Parcel ID:
Credits Required
HOTEL STREET CAPITAL, L.L.C.
a Virginia limited liability company
by Grayson Love mpany, LLC, its
Namd' Thomas James Ross II
5th Street Forest LLC U
Royal Fern Phase I — Amendment for ABC Mass Grading
WP0201800044
640 Country Green Rd
Charlottesville, VA 22903 (Albemarle County)
02080204
07600-00-00-046AO
0.21 lb/yr
SELLER:
Hotel Street Capital, L.L.C.
a Virginia limited liability company
BY: Grayson Love Company,
LLC, Manage
N
By: Ahomas James Ross II
It Managing Member
Dale: / ✓-1 -ar
PURCHASER:
5th Street Forest LLC
By: Kyle Redinger
Its: Authorized Officer
Date: 3/1 /21