HomeMy WebLinkAboutWPO202200005 Agreement - Nutrient Credits 2022-05-27Rivanna River Nutrient Credit Bank Certificate No. James-039
May 26, 2022
Chris Marshall
Shimp Engineering
chris@shimp-engineering.com
and
Jodi Mills
RE: Request for Bid: Pricing of 1.18 Nutrient Credits from the Rivanna River Nutrient Offset
Trading Bank HUC No. 02080204 for the following project:
Castalia Farm Winery
Castalia-Cismont Investment LLC
200 Garrett St S, Ste S
Charlottesville, VA, 22902
:VSMP WP0202200005
Castalia Farm, Keswick, VA, 22947
HUC12: 020802040405 — Mechunk Creek
Parcel ID: 65-1113,11E,13
Dear Chris and Jodi,
This letter is to confirm the availability to your project (referenced above) of authorized Nutrient
Credits sufficient to meet the your above referenced estimated requirements of Nutrient Credits
at our Rivanna River nutrient offset credit bank facility (the "Bank"). The Bank has been registered
with the Virginia Department of Environmental Quality (DEQ). These Nutrient Credits are
generated and managed under the terms of the Reduction Implementation Plan for the Bank dated
November 2017, which was authorized by (DEQ) on September 5, 2018.
The Bank has been authorized to provide Nutrient Credits for use in the James River watershed.
These credits are transferable to those entities regulated under DEQ's Storm Water Management
program in accordance with VA Code 62.1-44.15:27.
The sale price per lb. of phosphorous is $12,500.00.The pricing is valid through June 30, 2022.
Hotel Str�it.ar LLC, Bank Sponsor
River Nutrient Offset Trading Bank, 31 Garrett Street, Warrenton, Virginia 20186