1999-4931
INTRODUCED BY: CHRIS A. TREGRE
(DEPARTMENT OF LEGAL SERVICES)
RESOLUTION NO.___________
Title
A resolution retroactively approving Assignment of State Lease No. 12088 from Denbury Resources, Inc. (formerly Denbury Management, Inc.) to Ensight Resources, L.L.C.
Body
WHEREAS, on July 9, 1999 Denbury Resources, Inc. executed an Assignment in favor of Ensight Resources, L.L.C. per the attached document marked as "Exhibit A"; and,
WHEREAS, by Resolution No. 2722 adopted February 4, 1985, St. Charles Parish Council authorized the State Mineral Board to handle the leasing of a tract of land in St. Charles Parish; and,
WHEREAS, at the May 8, 1985 State Lease Sale, State Agency Tract No. 21926 was awarded to Rosewood Resources, Inc. as State Agency Lease No. 12088; and,
WHEREAS, Article 8 of Lease No. 12088 provides that the rights of Lessee may be assigned or transferred in whole or in part but no transfer or assignment whether in whole or in part, in relation to this lease shall be valid unless such transfer or assignment be approved by Lessor.
NOW THEREFORE, BE IT RESOLVED BY THE PARISH COUNCIL OF ST. CHARLES PARISH, STATE OF LOUISIANA, ACTNG AS THE GOVERNING AUTHORITY OF SAID PARISH hereby grants written consent to the assignment of State Agency Lease No. 12088 by Denbury Resources, Inc. to Ensight Resources, L.L.C. subject to the terms and conditions of the lease.
Vote
The foregoing resolution having been submitted to a vote, the vote thereon was as follows:
And the resolution was declared adopted this _____ day of October, 1999, to become effective five (5) days after publication in the Official Journal.
DENBURY TO ENSIGHT.doc
CHAIRMAN: ______________________________
SECRETARY: _____________________________
DLVD/PARISH PRESIDENT: _________________
APPROVED: ________ DISAPPROVED:________
PARISH PRESIDENT: ______________________
RETD/SECRETARY: _______________________
AT: __________ RECd by: ____________...
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