I have spoken with Robert Tilotta with the Ad Valorum Tax Group, and he said that in general all ad valorum taxes for 2000 have been paid.  He is going to pull the payment information.  I will keep you updated.

Since the total book value for the 354.36 acres of land is 1,434,968.64, then each acre is worth $4,049.47.  The amount for the tract being sold is 1,336,811.04 (330.12 @ $4,049.47)


Ana
X53476

 -----Original Message-----
From: 	Rainer, Eva  
Sent:	Monday, November 19, 2001 5:58 PM
To:	Hernandez, Ana Maria
Cc:	Gruesen, Karen; Mrha, Jean; Whiting, Greg; Nemec, Gerald
Subject:	Napoleonville land sale

Ana, 

Per our conversation earlier today:

Our survey shows the tracts we are selling consist of 330.12 acres.  For the purpose of the DASH, we need to have a precise book value for those 330.12 acres, so I need to confirm with you one final time the book value for that land.  

Also, the draft agreement for the land sale stipulates that all ad valorem taxes bearing against the property due and payable through 2000 have been paid.  Before we sign the agreement, we need confirmation from you that this is the case.  

Since we are trying to close this deal tomorrow (11/20), I would appreciate a quick response.  Thanks for your cooperation.

Eva
3-9679