HomeMy WebLinkAboutWPO202000028 Agreement - Nutrient Credits 2021-11-29BILL OF SALE
Nonpoint Nutrient Offset Credits
BILL OF SALE, made as of 17 , 2021, by HOTEL STREET CAPITAL,
L.L.C., a Virginia limited liability company ("Seller") and REGENTS SCHOOL OF
CHARLOTTESVILLE, INC. ("Purchaser").
1. 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 November 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 2.79 Nutrient 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.
HOTEL STREET CAPITAL, L.L.C.
a Virginia limited liabi ' company
by Grayson Love ompany, LLC, its
manager
Nam& Thom s James Ross II.
Project: REGENTS SCHOOL OF CHARLOTTESVILLE
Plan #: WPO-2020-00028
TMPs: 07500-00-00-06600, 07600-00-00-01700
Credits: 2.79
Project HUC: 02080204
Bank Sponsor HUC: 02080204
AFFIDAVIT OF PHOSPHOROUS OFFSET SALE
Hotel Street Capital, L.L.C., a Virginia Limited liability company ("Seller"), hereby
certifies the following:
1. Seller, is the owner of the Rivanna River Nutrient Offset Credit Bank, Certificate
No. James-039 approved by the VDEQ on September 5, 2018 (the "Bank").
2. Pursuant to that certain Agreement for Purchase and Sale of Nutrient Mitigation
Credits, dated as of November 2-1 , 2021 (the "Purchase Agreement'), the terms of
which are incorporated herein by reference and made a part hereof, between Seller and
REGENTS SCHOOL OF CHARLOTTESVILLE, INC. ('Purchaser") for the benefit of the
Purchaser, Seller agreed to sell 2.79 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 relating to the Project known as REGENTS SCHOOL OF
CHARLOTTESVILLE located near 1155 Reservoir Road Charlottesville, VA 22903 (Albemarle
County) having Tax Parcel Numbers 07500-00-00-06600, 07600-00-00-01700
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 limijed
By: GRAYS OV:
:APITAL, L.L.C.
ability company
& COMPANY, LLC, Manager
Date: 1 -14 to 7w By: I
Th mas Jarrl s Ross II, Manag 9g Member
STATE OF VIRGINIA
COUNTY OF FAUQUIER:
Sworn and subscribed before me this(�lday of DM4tel, 2021, by Thomas James
Ross II, Managing Member of Grayson Love & Company, LLC, Manager of HOTEL STREET
CAPITAL, L.L.C., a Virginia limited liability company.
Notary
My Commission expires:
Project: REGENTS SCHOOL OF CHARLOTTI
Plan #: WPO-2020-00028
TMPs: 07500-00-00-06600, 07600-00-00-01700
Credits: 2.79
Project HUC: 02080204
Bank Sponsor HUC: 02080204