SPEARS & SPEARS ATTORNEYS AND COUNSELLORS AT LAW 1651 EDSIAN FIELDS AVENUE [NEW ORLEANS, LOUSIANA 70117 ‘TELEPHONE: 04) 555500 TELBCOPIER: (606) 523.766 worspeaninntcm Ike srEARs orcomem, DSVOYCE STUBBS GRay WESLEY BISHOP TARESHAN, JEFFERSON June 8, 2006 Mr. Robert W. Moureau Marina Manager Orleans Levee Board 6001 Stars & Stripes Blvd. New Orleans Lakefront Airport New Orleans, LA 70126 RE: Lease Agreement dated August 18, 2004 Between The Board of Commissioners and Cedric Richmond Dear Mr. Moureau Please accept this letter as a follow-up to our previous conversation and as a formal request on behalf of my client, Cedric Richmond, to cancel the above-referenced Tease agreement for Covered Slip #19. In connection herewith, Mr. Richmond is also Tequesting a refund of all prepaid rents to the Levee District as of August 29, 2005. As you well know, Mr. Richmond prepaid fora lease term of 24 ¥4 years beginning August 18, 2004 and ending February 18, 2029. Since the tragedy of Hurricane Katrina, Mr. Richmond has been deprived of access to and use of Covered Slip #19. Under the terms of the lease agreement, the Levee Board is Tesponsible for the “maintenance and repairs of the roof, pilings, and structural supports of the covered slip located on the Leased Premises, and for maintenance and repairs of the common areas adjacent to the ‘Leased Premises in the Marina.” Inasmuch as the Levee Board has been unable and/or unwilling to make the required repairs to Covered Slip #19 and the adjacent premises, Mr, Richmond is entitled to a cancellation of the lease agreement and a refund in the amount of $70,994.94. This amount represents the prepaid lease amount less one (1) year’s rent for Covered Slip #19. Please kindly present this request to the Board of Commissioners and its Legal Counsel. Mr. Richmond is aware of the fact that other levee board tenants have requested and received modifications to their lease agreement with the Levee Board as a result of the devastation of Hurricane Katrina.Mr. Robert W. Moureau RE: Orleans Levee Board Lease Agreement June 8, 2006 Page 2 of 2 It is our belief that this request is fair and reasonable under the circumstances. Kindly provide me with the Board’s decision within the next thirty (30) days. In the event that the Board is unwilling to cancel Mr. Richmond’s lease and issue the requested refund, I have been instructed to institute litigation without further delay, Thank you for your assistance in this matter. I await your reply. With kind regards, Ivemain Very truly yours, SPI & SPEARS IKE SI IS/dmt ce: chael P. McCrossen, President .en H. Borne, Jr., Vice-President Commissioner Dan S. Foley Commissioner Brenda G. Hatfield Commissioner Cynthia Willard-Lewis Commissioner Darel J. Saizan, Jr. Commissioner Eugene J. Green, Jr. Honorable Cedric Richmond