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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