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Enron Mail |
Ben/Kay:
=01; After our call, we had a few more=01;discussions with the City regarding th= e=20 guarantee, etc.=01; We think we have them convinced that the only gurantee = Enron=20 North America will provide is a payment obligation for Section 4 ($1.5 mm u= p=20 through issuance of the building permits).=01; Debbie will draft accordingl= y.=01; =01;=20 =01; The City would like the base document agreed to and signed by DBEC on Monda= y=20 am the 11th (prior to the DRC hearing at 1:00 pm) and will allow the opinio= ns=20 and guarantee to follow.=01; Their only request is that the opinions and=20 guarantee be=01;submitted well in advance of the=01;Commission Hearing (sch= eduled=20 for 4:00 pm on=01;the 14th) so as to have sufficient time to review and com= ment=20 - morning of the 13th should work =01; The City is insisting the initial payment of $500k needs to occur before it= s=20 fiscal year-end (Sept 30).=01; Debbie will revise accordingly. =01; Debbie will issue a new draft tonight - lets plan to=01;discuss it tomorrow= am. =01; Regards, Steve =01; =01; =01; -----Original Message-----=20 From: Mann, Kay=20 Sent: Thu 6/7/2001 3:04 PM=20 To: OrshefskyD@GTLAW.com=20 Cc: Jacoby, Ben; OrshefskyD@GTLAW.com; MedleyB@gtlaw.com; Krimsky, Steven= =20 Subject: RE: Deerfield Beach Energy Center sections 6 and 7 6. Default By DBEC. Should DBEC default on the payment obligations containe= d=20 herein,=01; it shall be liable for interest on the amount outstanding at a = rate=20 of one and one/half percent=01; per month or each portion thereof.=01; Shou= ld the=20 City of Deerfield Beech obtain enforcement of the payment obligations=20 contained herein through judicial action, then, in that event, the City of= =20 Deerfield Beech shall be reimbursed by the DBEC for all costs and attorneys= =20 fees including the costs of any appeals.=01;=01;=01;=20 7.=01; Default By the City of Deerfield Beech.=01; Should the City of Deerf= ield=20 Beech default on the obligations contained herein, and DBEC obtain=20 enforcement of any rights or obligations set forth herein through=01; judic= ial=20 action, then, in that event, DBEC shall be reimbursed by the City of=20 Deerfield Beech for all costs and attorneys fees including the costs of any= =20 appeals.=01;=01;=01;
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