HomeMy WebLinkAboutWPO201900062 Agreement - Nutrient Credits 2022-12-01 (2)IVY CREEK NUTRIENT BANK, L.L.C. —
IVY CREEK NUTRIENT BANK
BILL OF SALE
BILL OF SALE, made as of November 18rh, 2022, by Ivy Creek Nutrient Bank, L.L.C., a Virginia
limited liability company ('Seller"), to Southwood Charlottesville, L.L.C., a Virginia limited liability
company ('Buyer").
WHEREAS, Seller and Buyer have entered into that certain Nutrient Offset Purchase Agreement
as of November 11rh, 2022 (the "Agreement'), with respect to the sale by the Seller and purchase by the
Buyer of offsite nonpoint nutrient offset credits generated within the Rivanna River watershed (HUC:
02080204) in Albemarle County, Virginia.
NOW, THEREFORE, for and in consideration of the payment of the Purchase Price (as defined in
the 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 Buyer, its
successors and assigns, 0_04 pounds of phosphorus offset credits (and retire 0.06 pounds of nitrogen offset
credits and 12_61 pounds of sediment offsets) generated within the Rivanna River watershed (HUC:
02080204) in Albemarle County, Virginia as such are described in the Agreement.
TO HAVE AND TO HOLD all such nutrient credits hereby sold and transferred to Buyer 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.
IVY CREEK NUTRIENT BANK, L.L.C.,
a Virginia limited liability company
By: ECOSYSTEM SERVICES, L.L.C.,
a Virginia limited liability company,
authorized agent
By:
Name: Jonathan R. Roller
Title: Manager -Authorized Representative
Date: November 18, 2022
Acquirer: Southwood Charlottesville, L.L.C.
Nutrient Offset Bank: Ivy Creek Nutrient Bank
Bank Sponsor HUC: 02080204
Name of Project: Southwood Redevelopment Village 1 Amendment
WPO: 2019-00062
Project HUC: 02080204
Phosphorus Offsets: 0.04 pounds
Nitrogen Offsets: 0.06 pounds
Sediment Offsets: 12.61 pounds
TW: 090A1-00-00-001DO