HomeMy WebLinkAboutWPO202200047 Agreement - Nutrient Credits 2023-03-24AFFIDAVIT OF NUTRIENT OFFSET SALE
Ecosystem Services, L.L.C. , [broker] (the "Company") on behalf of Ivy Creek
Nutrient Bank, L.L.C. [Bank Sponsor], hereby certifies the following:
1. Pursuant to that certain Acquisition and Sale Agreement dated February 28". 2023 (the
"Agreement"), between the Ivy Creek Nutrient Bank (as Seller) and Southwood Charlottesville, L.L.C.
("Acquirer"), the Company, for the benefit of the Acquirer, agreed to sell 2.20 pounds of phosphorus offsets
and retire 339 pounds of nitrogen (representing the ratio of nitrogen offsets to the phosphorus offsets at the
offset generating facility) offsets to Acquirer;
2. The Company and the Acquirer, as of the date hereof, have closed the transaction contemplated
by the Agreement and the Company has sold to Acquirer phosphorus offsets and retired 693.73 pounds of
sediment (representing the ratio of sediment offsets to the phosphorus offsets at the offset generating
facility) offsets.
WITNESS the following signature:
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: o \- "
Name: 'William K. Mumaw
Title: Manager -Authorized Representative
Date: 3 / S / 7 3
State of Virginia
City of Charlottesville, to wit:
Sworn to and subscribed before me this TK day of MAaCrt-A 2023, by
William K. Mumaw, Manager, on behalf of Ecosystem Services, LLC.
My commission expires: 6 �3 i
Notary Public o
Acquirer: Southwood Charlottesville L.L.C.
Nutrient Offset Bank: Ivy Creek Nutrient Bank
Bank Sponsor HUC: 02080204
Name of Project: Southwood Villages 3 & 4
WPO: WP0202200047
Project HUC: 02080204
Phosphorus Offsets: 2.20 pounds
Nitrogen Offsets: 3.39 pounds
Sediment Offsets: 693.73 pounds
TMP: 090A1-00-00-001DO
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