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HomeMy WebLinkAboutWPO202100049 Agreement - Nutrient Credits 2022-07-15BILL OF SALE Nonpoint Nutrient Offset Credits BILL OF SALE, made as of _�,g Q 39 , 2022, by Hotel Street Capital, L.L.C., a Virginia limited liability company ("Seller") and Charlottesville Greenbrier, LLC, a Virginia limited liability company ("Purchaser"). I . 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 2, 2022 (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 1.54 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. HOTEL STREET CAPITAL, L.L.C. a Virginia limited liability company by Grayson Love & Company, LLC, its Managing Member By: Name: Thoma J es kdss II Its: Manaein Member Project: Wawa Route 29 and Greenbrier SDP202100027 1215 Seminole Trail, Charlottesville, VA 1.54 credits required Project HUC 02080204 Purchaser/Owner: Charlottesville Greenbrier, LLC mfontainenaxenaudconsultina.net C/O ARCTRUST 1401 Broad Street Clifton, NJ 07013 Jurisdiction/Tax ID number: Albemarle County, Parcel# 061 WO-02-OA-00100 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") and pursuant to that certain Agreement for Purchase and Sale of Nutrient Mitigation Credits, dated as of May 2, 2022 (the "Purchase Agreement"), the terms of which are incorporated herein by reference and made a part hereof) between Seller and Charlottesville Greenbrier, LLC, a Virginia limited liability company ('Purchaser"), Seller agreed to sell 1.54 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: Wawa Route 29 and Greenbrier SDP202100027, Albemarle County, Parcel# 061WO-02-OA-00100. 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 offset credits. WITNESS the following signature: HOTEL STREET CAPITAL, L.L.C. a Virginia limited lia - - company By: GRAYSON LO 8� OMPANY, LLC, Managing Member / Date: r ?ALL By: 01!/ Thomas J es Ross II, STATE OF VIRGINIA COUNTY OF FAUQUIER: Sworn and subscribed before me this day of J)fU 2022, 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. k%-Ia nd Notary My Commission expires: Project: Wawa Route 29 and Greenbr erD 202100027 1215 Seminole Trail, Charlottesville, VA 1.54 credits required Project Ht Purchaser/Owner: Charlottesville Greenbrier, LLC mfontaineLa-)renaudconsultine.net C/O ARCTRUST 1401 Broad Street Clifton, NJ 07013 Jurisdiction/Tax ID number: Albemarle County, Parcel# 061 WO-02-OA-00100 a._.1 ..