Gerald:  I have already completed #1. On #2, they just want some
assurance that the property has never had underground storage tanks or
other hazardous waste sources on it.  I believe a letter from LRCI
stating that to its knowledge there have been no such sources on or
under the Property would suffice.  As far as #3, my abstractor has
promised to complete this limited title search today.  I hope to hear
from him tommorrow.

PKD

Nemec, Gerald wrote:

>Keith,  Please revise the document to reflect Item 1 below.  With
>respect to Item 2, our environmental group is reviewing Enron's use of
>the property.  No such uses should be found.  What specifically are they
>looking for with respect to this item.  Finally, any word on the title
>check with respect to item #3.
>
>> -----Original Message-----
>>From: 	"P. Keith Daigle" <pkdaigle@neosoft.com>@ENRON
>>[mailto:IMCEANOTES-+22P+2E+20Keith+20Daigle+22+20+3Cpkdaigle+40neosoft
>>+2Ecom+3E+40ENRON@ENRON.com]
>>Sent:	Wednesday, August 29, 2001 4:13 PM
>>To:	Nemec, Gerald
>>Subject:	Sale of Napoleonville, LA property,  Our file ENR-02
>>
>>Gerald:
>>
>>    I have been contacted by Kim Torres of the Assumption Parish
>>Police
>>Jury.  She has some questions and concerns about the Purchase & Sale
>>Agreement, to wit:
>>
>>1).  They want to add warranty language to ? 4 as follows:
>>
>>    Seller warrants that it is the record title owner to the property
>>being sold, and warrants it has good and merchantable title, free of
>>any
>>and all liens or encumbrances, and agrees to indemnify and hold
>>harmless
>>buyer for the same.
>>
>>    Seller warrants that it is a corporation in good standing and that
>>persons executing this sale on behalf of seller has valid and binding
>>authority to do so.
>>
>>I believe this additional language is acceptable with some minor
>>revisions which I will do.
>>
>>2).  They are concerned about the warranty language which covers
>>hazardous wastes in ? 4.  They tell me that they have not done an
>>environmental inspection of the property.  They want to know if there
>>have ever been any underground tanks or other hazardous waste sources
>>on
>>the property.  They are looking for something in writing that no such
>>sources existed.
>>
>>3).  Upon checking the conveyance records, they found that on March
>>31,
>>1993, Louisiana Resources Pipeline Co., L.P. sold the property to
>>Louisiana Resources Co., Inc.  Then, on February 28, 2000, Louisiana
>>Resources Pipeline Co., L.P. again sold the property to LRCI, Inc.  I
>>have not done a title exam so I cannot explain this discrepancy.
>>
>>4).  She gave me the physical address of the property and the name of
>>the Police Jury President which I will insert in the documents.
>>
>>Please contact me to discuss our response to these concerns.
>>
>>Keith
>>
>
>
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