When the 3 of you are happy with the form, send it out.  I'll review in more detail once we hear back from the owner.  Please don't have another lawyer approve it while I'm gone based on my review thus far, as I want to give it some more thought.  Plus, it will need to go to Accounting and possibly Finance.  

Thanks,

Kay

 -----Original Message-----
From: 	Carnahan, Kathleen  
Sent:	Thursday, August 02, 2001 4:27 PM
To:	Mann, Kay; Krause, Greg; 'chrisboehler@andrew-kurth.com'
Subject:	Revised Draft of the proposed new Homestead Option

Attached is the a redline of the revised Homestead Option.  This redline is against the one provided by Alger's attorney and includes all of your suggested changes.  The deal has changed to obtain an option on 5.0 acres; purchase price, firm at $1,100,000.00 and Option Payments at $11,000.  I have highlighted two areas (Sections 6 and 14) that still need to be addressed.  Please advise of any additional changes.

 << File: Homestead Option to Purchase Revised 2 km cb Aug 2 redline.doc >> 

Kathleen Carnahan
Enron North  America Corp.
1400 Smith Street, EB 3146d
Houston, TX 77002
Phone - (713) 345-3386
Fax - (713) 646-3037