Message-ID: <8690440.1075852328284.JavaMail.evans@thyme> Date: Tue, 9 Oct 2001 09:21:09 -0700 (PDT) From: rakhi.israni@enron.com To: gerald.nemec@enron.com Subject: RE: Sale of Napoleonville, LA property, Our file ENR-02 Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit X-From: Israni, Rakhi X-To: Nemec, Gerald X-cc: X-bcc: X-Folder: \GNEMEC (Non-Privileged)\Inbox X-Origin: NEMEC-G X-FileName: GNEMEC (Non-Privileged).pst Gerald, Did you hear anything from Keith Daigle regarding the title search? In his last email, he indicated that it would be completed last Wednesday. Has Kyle Purvis gotten back to you regarding the hazardous waste sources issue? Hopefully, we can finalize these documents soon. The guys from Assumption Parish are very anxious to get this deal closed quickly. FYI...regarding the Sorrento ROWs with Enterprise Products, the money should be transferred this morning and the documents fully executed by this afternoon. Talk to you soon, Rakhi -----Original Message----- From: Nemec, Gerald Sent: Tuesday, October 02, 2001 11:17 AM To: 'pkdaigle@neosoft.com' Cc: Israni, Rakhi Subject: RE: Sale of Napoleonville, LA property, Our file ENR-02 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" @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