HomeMy WebLinkAboutWPO201900014 Agreement - Nutrient Credits 2021-06-11BILL OF SALE
Nonpoint Nutrient Offset Credits
BILL OF SALE, made as of 2021. by HOTEL STREET CAPITAL,
L.L.C., a Virginia limited liability comp ("Seller"}, Tobias A. &Lynn Dengel Trust,
("Purchaser").
WHEREAS, Seller as the owner of the Rivanna River Nutrient Offset Credit Bank,
approved by the VDEQ on September 5, 2018 (Certificate No. James-039) and Purchaser have
entered into that certain Agreement for Purchase and Sale of Nutrients Mitigation Credits, dated
as of May 12, 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, .59 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 duty
authorized representative as of the date first above written.
HOTEL STREET CAPITAL, L.L.C.
a Virginia limited liability company
by Grayson Love_& Company, LLC, its
manager
Name�hdmas James Ross II
Its: M auer
Owner: Tobias A & Lynn T Dengel Trust
Project Title: Foothill Farm WP0201900014 —
Location: 1996 Foothill Farm Dr.
Charlottesville, VA 22911-8528
Legal Ref: T.M. 62 Parcel 71
Credits Req.: 0.59 Ibslyr of Phosphorous
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 of May 12, 2021 (the "Purchase Agreement"), the Terms of which are incorporated herein
by reference and made a part hereof between Seller and Tobias A. & Lynn Dengel Trust,
("Purchaser"), for the benefit of the Purchaser, Seller agreed to sell .59 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 2.70 pounds of
nitrogen offsets relating to the Project known Project Title: Foothill Farm WP0201900014 —
Amendment 1, located at 1996 Foothill Farm Dr., Charlottesville, VA 22911-8528 having an
Albemarle County Tax ID Number of TM 62, Parcel 71. 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:
Date: S Zo
STATE OF VIRGINIA
COUNTY OF FAUQUIER:
HOTEL STREET CA
a Virginia limes�
By: GRAY,S9I<LOVE &
kL, L.L.C.
company
APANY, LLC, Manager
.lames Ross II, Managing Member
Sworn and subscribed before me this day of
Ross II, Managing Member of Grayson Love & Company,
CAPITAL, L.L.C., a Virginia limited liability company.
Notary
My Commission expires:
Owner: Tobias A & Lynn T Dcngel Trust
Project Title: Foothill Farm WP0201900014 — Amen,
Location: 1996 Foothill Farm Dr.
Charlottesville, VA 22911-8528
Legal Ref: T.M. 62 Parcel 71
Credits Req.: 0.59 lbs/yr of Phosphorous
Nitrogen Offset: 2.70 pounds
Project HUC: 02080204 Bank HUC: 02080204
2021, by Thomas James
ger of HOTEL STREET
'-REGISTRATION NO.
7511805
MY COMM. EXPIRES
i, 10/3112023