HomeMy WebLinkAboutWPO202200009 Agreement - Nutrient Credits 2022-12-16 (2)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 August 1,
2022 (the "Purchase Agreement"), the terms of which are incorporated herein by reference and
made a part hereof) between Seller and Albemarle County School Board ("Purchaser"), Seller
agreed to sell 1.98 pounds of nonpoint source phosphorus offsets (the Nutrient Credits) to
Purchaser and retire the associated ratio ofnonpoint source nitrogen offsets at the offset
generating facility relating to:
Project Name: MOUNTAIN VIEW ELEMENTARY SCHOOL
Plan #: WP0202200009
TMP: 09100-00-00-01300
Credits:1.98
HUC:02080204
Bank Sponsor HUC: 02080204
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 CAP AL, L.L.C.
a Virginia limited 1' ility company
By: GRAYSON L & COMPANY, LLC, Managing
Member
Date: I 2 6 te b2, By:
�o as j mes STATE OF VIRGINIA Ross II, Managing Member
COUNTY OF FAUQUIER:
Sworn and subscribed before me this Iday ofOZZM /, 2022, by Thomas James
Ross Il, Managing Member of Grayson Love & Company, LLC, Manager of HOTEL STREET
CAPITAL, L.L.C., a Virginia limited liability company.
Notary
My Commission expires:o�a�_:*c�we"NTH
BILL OF SALE
Nonpoint Nutrient Offset Credits
BILL OF SALE, made as of )tury LAv 1 lo, 2022, by Hotel Street Capital, L.L.C., a Virginia
limited liability company ("Seller") and Albemarle County School Board ("Purchaser").
WHEREAS, Seller, as the owner of the Rivanna River Nutrient Offset Credit Bank,
that was 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 Np n wb / 10.1o1R(the "Purchase Agreement", the terms of which are
incorporated herein by referenced 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 1.98 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 & C pany, LLC, its
Managing Member
BY: `�-
N o s James Ross II
Its: Managing Member
Project Name: MOUNTAIN VIEW ELEMENTARY SCHOOL
Plan #: WP0202200009
TMP:09100-00-00-01300
Credits: 1.98
HUC:02080204
Bank Sponsor HUC: 02080204